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Royal Crest Av
London E16 2PG

Masthead House · Retail Property For Sale · 100,000 SF

Investment Highlights

  • London Bridge can be accessed in 40 minutes
  • Air - Royal Wharf is located only 1.2 miles (4 mins on DLR) from London City airport
  • Road - by road , the development sits only 1.3 miles from the A13 dual carriage way offering access to the city of London

Executive Summary

The units were completed on a phased basis, first completion was in 2016 with the final phase following in 2018. The portfolio consists on 21 units ranging from 990 to 2,239 sq ft with varying ceiling heights of 3-7m. The developer completed the units to a shell and core specification, each unit was in turn fit out by the tenant to suit their needs, specification was agreed with the freeholder. The estate benefits from 30 minutes free on street parking with further parking available at cost

PROPERTY FACTS

Unit Size 1,000 - 1,580 SF
No. Units 4
Total Building Size 100,000 SF
Property Type Retail
Property Subtype Storefront Retail/Residential
Building Class B
Number of Floors 1
Typical Floor Size 100,000 SF
Year Built 2018
Lot Size 15.43 AC

4 Units Available

Unit 5.01

Unit Size 1,000 SF
Unit Use Retail
Sale Type Investment
Tenure Long Leasehold
Net Initial Yield 5.10%
NOI £16,422
Description

1,000 sq ft unit for sale, fully tenanted.

Sale Notes

MIXA new virtual freehold interested (999 years) the Freeholder isOxley Wharf Property Limited.

- Collection of 21 units available to be sold together or separately.
- Well presented class E units , ranging from 990 sq ft to 2239 sq ft leased to a variety of occupiers.
- Strong reversionary potential for the units within the development, with recent lettings achieving £23 per sq ft
- Units will be sold with a virtual freehold from completion (999 years)
- Annual rents from £14,850 to £51,497pa offers are invited for either individual units or a portfolio of units
- Pricing for individual units is available within tenancy schedule, with units ranging from £300,000 to £800,000

Unit 5.01a

Unit Size 1,516 SF
Unit Use Retail
Sale Type Investment
Tenure Long Leasehold
Net Initial Yield 5.61%
NOI £26,871.90
Description

Unit for sale which is fully tenanted.

Sale Notes

MIXA new virtual freehold interested (999 years) the Freeholder isOxley Wharf Property Limited.

- Collection of 21 units available to be sold together or separately.
- Well presented class E units , ranging from 990 sq ft to 2239 sq ft leased to a variety of occupiers.
- Strong reversionary potential for the units within the development, with recent lettings achieving £23 per sq ft
- Units will be sold with a virtual freehold from completion (999 years)
- Annual rents from £14,850 to £51,497pa offers are invited for either individual units or a portfolio of units
- Pricing for individual units is available within tenancy schedule, with units ranging from £300,000 to £800,000

Unit 5.03a

Unit Size 1,580 SF
Unit Use Retail
Sale Type Investment
Tenure Long Leasehold
Net Initial Yield 5.50%
NOI £29,590
Description

Unit for sale which is fully tenanted.

Sale Notes

MIXA new virtual freehold interested (999 years) the Freeholder isOxley Wharf Property Limited.

- Collection of 21 units available to be sold together or separately.
- Well presented class E units , ranging from 990 sq ft to 2239 sq ft leased to a variety of occupiers.
- Strong reversionary potential for the units within the development, with recent lettings achieving £23 per sq ft
- Units will be sold with a virtual freehold from completion (999 years)
- Annual rents from £14,850 to £51,497pa offers are invited for either individual units or a portfolio of units
- Pricing for individual units is available within tenancy schedule, with units ranging from £300,000 to £800,000

Unit 5.03b

Unit Size 1,146 SF
Unit Use Retail
Sale Type Investment
Tenure Long Leasehold
Net Initial Yield 5.65%
NOI £19,323
Description

Unit for sale which is fully tenanted.

Sale Notes

MIXA new virtual freehold interested (999 years) the Freeholder isOxley Wharf Property Limited.

- Collection of 21 units available to be sold together or separately.
- Well presented class E units , ranging from 990 sq ft to 2239 sq ft leased to a variety of occupiers.
- Strong reversionary potential for the units within the development, with recent lettings achieving £23 per sq ft
- Units will be sold with a virtual freehold from completion (999 years)
- Annual rents from £14,850 to £51,497pa offers are invited for either individual units or a portfolio of units
- Pricing for individual units is available within tenancy schedule, with units ranging from £300,000 to £800,000

  • Listing ID: 32905892

  • Date on Market: 21/08/2024

  • Last Updated:

  • Address: Royal Crest Av, London E16 2PG

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