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Suite 6, 12 Pepper Street

For sale: £750,000.00|To rent: £29,400.00 Per Annum|1068 Sq Ft|Office, Offices

PROPERTY DETAILS

FOR SALE£750,000.00
TO RENT£29,400.00 Per Annum
SIZE1068 Sq Ft
ADDRESSSuite 6, 12 Pepper Street, Glengall Bridge, London, E14 9RP
TYPEOffice, Offices
TENURETo Let, For Sale Leasehold
POSTED ON31st March 2020

DESCRIPTION

Summary

Superb Dockside Office For Sale or To Let

Description

The property is accessed from street level via a communal entrance lobby providing access to the demised premises that are situated on the 4th floor by either lifts or stairs. The premises are currently arranged as an open plan office with a separate meeting room, W/C and kitchen. The office benefits from excellent natural light and has direct views looking over Millwall Inner Dock and has three separate private balconies.

Location

Pepper Street forms part of the attractive Glengall Bridge estate bridging Millwall Inner Dock in the South Quay/Crossharbour district of the Isle of Dogs close to Canary Wharf. The surrounding area has undergone significant regeneration led by a number of new vibrant high rise residential developments such as Baltimore Wharf, Pan Peninsular and Lincoln Plaza. Canary Wharf is within a 10 minute walk from the property boasting over 1 million sq.ft of shops offices and bars. The area of Canary Wharf and South Quay now totals 20 million sq.ft of office stock that combined with the new residential towers provides an energetic environment to live and work and individual district. By train Crossharbour DLR Station is a 1 minute walk away providing efficient access to Bank, Canary Wharf, Greenwich and Stratford. The Jubilee Line Underground station at Canary Wharf gives direct links into the West End and Stratford. 2018 will also add a Crossrail Station at Canary Wharf.

Terms

The property is available to purchase or to let. A new lease is available from the landlord or the long leasehold can be purchased (lease July 2186)

Specifications

The office has a floor area of 1,068 sq.ft.

Quoting Rent

£35,000 per annum (£32.77 per sq ft) + VAT

Business Rates

The rates payable for the year ending April 2019 are £7,031 p.a (£6.58 per sq.ft) + VAT.

Service Charge

The service charge budget for the current year is £5,024.84 p.a (£4.70 per sq.ft) + VAT.

VAT

The property is elected for VAT.

Energy Performance Certificate

The property has a current EPC score of 82 giving it a “D” rating. A copy of the report is available upon request.

Amenities

• 24 hour access • Fitted kitchen • Raised access floors • Shower facilities • Private WC’s • Partitioned meeting room • Central Heating • 3 private balconies

Sale Price

The asking sale price for the long leasehold interest is £750,000 + VAT (£702.24 psf)

LOCATION

Location: Suite 6, 12 Pepper Street, Glengall Bridge, London, E14 9RP

Canary Wharf (0.5 miles)

North Greenwich (0.9 miles)

Surrey Quays (1.3 miles)

Cross Harbour & London Arena (0.1 miles)

South Quay (0.3 miles)

Mudchute (0.3 miles)

AGENT'S DETAILS

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