Status: COMMERCIAL UNIT FOR SALE
Size: 3,360 Sq. Ft. (Approx.)
Address: 16 + 20 Dock Street, Aldgate, London E1 8JP
Price: £1,445,000 (+VAT)
Service Charge: £9,019 PA
Additional Information: B1/A1/A2/A3 USES
16 Dock Street Ground Floor - 809 sq. ft. (approx.)
20 Dock Street Ground Floor - 643 sq. ft. (approx.)
Combined Basement - 1,908 sq. ft. (approx.)
Total - 3,360 sq. ft. (approx.)
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.
This large duplex unit is made up of two self contained ground floor spaces with with their own entrances and glazed frontages to Dock Street with the fully linked basement spanning the full width below. Both floors benefit from great floor to ceiling heights and the space will be provided in 'shell' condition with capped-off electricity and water connections as well as drainage provision, ready for final fit-out.
The consented planning uses are for B1, A1, A2 or A3 uses (roof level extract will not be possible).
Sale of a new 250 year Lease(s)
Initial Ground Rent of £700 per annum rising at 15 years and then every 10 years thereafter indexed to RPI.
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.
Estimated at £9,019.09 per annum inclusive of buildings insurance contribution.
Anticipated completion late autumn 2018.
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.