Residential - For sale - Max House - London
BNP Paribas Real Estate is delighted to offer the leasehold or freehold interest in the above opportunity to the market as a residential letting (leasehold) or investment opportunity (freehold).
The property comprises a single building, comprising 18 recently constructed (2013/14), high specification residential apartments above a Tesco commercial unit sold off on a long leasehold.
Strong strategic location with direct access to the City and Canary Wharf in approximately 5 minutes via DLR services from Limehouse.
The building is vacant and furnished and being offered as a single block.
The site is located on Commercial Road in very close proximity to Limehouse DLR Station and C2C Station, providing quick and direct journey times into the City at Bank (6 minutes) and the financial hub of the East London, Canary Wharf (4 minutes). The C2C train provides services between Fenchurch Street to the West and Southend-on-Sea to the east.
The area surrounding Shadwell and Limehouse has become increasingly popular with young professional and families, increasing the presence of recognisable occupiers (such as Tesco) and a rise in services for residential occupiers, such as restaurants and bars, as well as the facilities in the Limehouse Basin a short distance to the south.
Leasehold, The property is offered for leasing as serviced apartment (subject to planning – current C3 usage) or on a single or multiple AST(s) comprising all 18 apartments.
The lease is available at circa £3XX,XXX per annum. Alternatively a Management Agreement can be agreed.
Freehold, The freehold investment, comprising the 18 apartments is offered for a sum of £6,250,000. The ground floor retail units have been sold on two separate 999 year long leaseholds at a peppercorn.
On the western side of the ground floor, access is provided to a total of 18 apartments arranged over the upper floors, all serviced by a single stair and lift core. The apartments include a mix of studio to three bedroom accommodation and totals 916.03 sq m / 9,860 sq ft NSA. The apartments are of recent construction and present to an extremely high standard, benefitting from the following specifications:
• Timber floors
• Granite work surfaces
• Inbuilt Neff kitchen appliances
• Comfort Cooling
• Underfloor heating
• Lift to all floors
• Majority of apartments include outside space in the form of terraces or balconies
|Unit / Floor||Size SQFT||Description|
|Unit 1 / 1st Floor||493.0||1 Bed|
|Unit 2 / 1st Floor||485.0||1 Bed|
|Unit 3 / 1st Floor||499.0||1 Bed|
|Unit 4 / 1st Floor||387.0||Studio|
|Unit 5 / 1st Floor||395.0||Studio|
|Unit 6 / 1st Floor||388.0||Studio|
|Unit 7 / 1st Floor||409.0||1 Bed|
|Unit 8 / 2nd Floor||497.0||1 Bed|
|Unit 9 / 2nd Floor||489.0||1 Bed|
|Unit 10 / 2nd Floor||481.0||1 Bed|
|Unit 11 / 2nd Floor||828.0||2 Bed|
|Unit 12 / 2nd Floor||389.0||Studio|
|Unit 13 / 2nd Floor||407.0||1 Bed|
|Unit 14 / 3rd Floor||755.0||3 Bed Duplex|
|Unit 15 / 3rd Floor||747.0||3 Bed Duplex|
|Unit 16 / 3rd Floor||731.0||3 Bed Duplex|
|Unit 17 / 3rd Floor||737.0||2 Bed|
|Unit 18 / 3rd Floor||743.0||2 Bed|