10 20 Dockstreet Ext2

16 Dock Street

Status: COMMERCIAL UNIT FOR SALE

Size: 1,907 Sq. Ft. (Approx.)

Address: 16 Dock Street, Aldgate, London E1 8JP

Price: £815,000 (+VAT)

Service Charge: £5,090 PA

Additional Information: B1/A1/A2/A3 USES

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Accommodation

Ground Floor - 809 sq. ft. (approx.)
Basement - 1,098 sq. ft. (approx.)
Total - 1,907 sq. ft. (approx.)

Transport

  • Tower Gateway Station
  • Tower Hill Station
  • Aldgate East Station
  • Aldgate Station
  • London Fenchurch Street Station
  • Shadwell Station
  • London Buses
  • Outside the Congestion Charge Zone

Location

Dock Street runs between Royal Mint Street and The Highway (A1203), just to the south of prime Aldgate. Dock Street lies just a few streets away from China's forthcoming Embassy Campus at Royal Mint Court.  St Katherine's Dock is only a two minute walk away, offering amenity space and a variety of vibrant bars, restaurants and shops, and the popular Wilton's Music Hall is just around the corner.

Description

The duplex unit is offered as a self-contained 'shell' office unit benefiting from its own entrance and glazed frontage to Dock Street.  The unit benefits from great floor to ceiling heights on both floors and will be provided with capped-off electricity and water connections as well as drainage provision, ready for final fit-out. There is also a possibility to link fully at basement level with the neighbouring unit, please ask for details.

The consented planning uses are for B1, A1, A2 or A3 uses (roof level extract will not be possible).

Terms

Sale of a new 250 year Lease.

Initial Rent

Initial Ground Rent of £350 per annum rising at 15 years and then every 10 years thereafter indexed to RPI.

Business Rates

These are new spaces yet to be assessed by the Valuation Office Agency. Looking at local comparable spaces we estimated that the Rates Payable should be in the region of £7 per sq. ft. per annum for the whole unit over the blended ground and basement floors. Interested parties are requested to make their own enquiries to the Valuation Office and the London Borough of Tower Hamlets.

Service Charge

Estimated at £5,090.04 per annum inclusive of buildings insurance contribution.

Additional Details

Anticipated completion late autumn 2018.

 

Disclaimer

The Statements contained in these Particulars are believed to be correct but their accuracy is not guaranteed and they do not constitute any part of an offer. This Agent and its employees have no authority to make representation or give any warranty in relation to this property. Any intending purchaser/lesser must satisfy themselves by inspection, examination, investigation or otherwise as to the correctness of each of the statements contained in these particulars.