Commercial Unit (South), Wharfside Point, 4 Prestons Road
London, E14 9EXThe Space
Long Leasehold investment sale - vacant possesion
At a glance
| Property Type | Investments / Retail |
| Tenure | For Sale |
| Size | 3,505 sq ft |
| Price | £750,000 |
| Business Rates | Upon Enquiry |
| Energy Performance Rating | This property has been graded as B (31) |
Limehouse
26 mins
West Ham
30 mins
Maze Hill
36 mins
Canada Water
36 mins
Blackwall
2 mins
All Saints
4 mins
East India
6 mins
Poplar
7 mins
Key Points
- Total space - 3,505 square feet
- Sale of the 999 year leasehold interest - £750,000
- Includes three secure underground car parking spaces
- Suitable for a range of occupiers
- Vacant possesion - February 2024
- Open-plan commercial retail with prominent return frontage
- 2.9 metre ceiling height and 17 metre glazed frontage
- Two minute walk to Blackwall DLR Station and close to Canary Wharf
Description
An exceptional investment opportunity unfolds with the sale of an original 999-year lease for a commercial unit and three secure underground car parking spaces.
The unit offers an open-plan layout and would be suitable for a range of commercial occupiers, with a 2.9 metre ceiling height and 17 metre glazed frontage facing Prestons Road.
The commercial unit last generated rent of £45,000 p.a. plus VAT, while the parking spaces hold potential for £6,000 p.a. income. Additional details include a £200 p.a. ground rent and £12,000 p.a. service charge.
The Location
Located on the junction of Prestons Road and Cotton Street (A1206), just North of Aspen Way (A1261) – giving easy access to the A13, A12 and Blackwall Tunnel.
The unit is within a two minutes' walk of Blackwall DLR Station which connects to Canary Wharf London Underground, DLR and Crossrail Station.
City Airport is also within a 15 minute drive and a 10 minute journey on the Eastbound DLR.
