plumbers row, london, e1
PRESTIGE D1 (EDUCATION) & B1 ACCOMMODATION APPROX 10,664 SQ FT (990 M²) GROSS INTERNAL FLOOR AREA
PLUMBERS ROW, LONDON, E1
*SELF-CONTAINED GROUND & LOWER GROUND FLOORS WITH PRIVATE ENTRANCES *READY FOR OCCUPATION *WITHIN A FEW MINUTES’WALK FROM ALDGATE/ALDGATE EAST TUBE STATIONS
TO BE SOLD ON A 992 YEAR LEASE AT A PEPPERCORN GROUND RENT ASKING PRICE £4,500,000 RENTAL OFFERS MAY BE CONSIDERED ON A NEW FRI LEASE ASKING RENT £250,000 PAX Subject to contract
0845 205 0007 These particulars do not constitute any part of an offer or contract. No responsibility is accepted as to the accuracy of these particulars or statements made by our staff concerning the above property. Any intending purchaser must satisfy himself as to the correctness of such statements and these particulars. All negotiation s to be conducted through Claridges. VAT may be charged on some rents quoted
Cafeteria
General office
Lecture room
lecture room with access to garden
Location
Plumbers Row is immediately off Whitechapel Road within a few minutes walk from Aldgate East, Aldgate, Whitechapel and Commercial Road as well as being within walking distance to Liverpool Street, The Tower and The City. Excellent public transport facilities are nearby including, Aldgate East, Aldgate and Whitechapel underground stations, Liverpool Street and Fenchurch Street main line stations as well as Tower Gateway for the DLR.
The Property
Modern mixed residential and commercial building. The commercial suite has two private entrances located at either end of the frontage. The accommodation is arranged as raised ground floor approached via a short flight of stairs and lower ground floor. The residential apartments are approached via their own entrance in which there is a platform lift providing access to the lift serving all floors. The property benefits from natural light from dual aspect front and rear and from a central atrium area. This property also has access to a garden area located at the rear of the lower ground floor. Please note that the central atrium and garden area are designated communal areas but the only access to the garden is via the subject property. The accommodation is arranged as follows:
Ground floor
Reception area General office 2 x private offices Staff rest room Kitchen plus second kitchen 2 x comms rooms Large lecture hall Cafeteria and kitchen
Lower Ground floor
9 x lecture rooms/classrooms Study/library area Male and Female WC’s Plant rooms. Access to garden area
Floor areas (gross int)
Ground floor approx 5,159 sq. ft. (479 m²) Lower Ground floor 5,505 sq. ft. (511 m²) Total Gross int. floor area approx. 10,664 sq. ft. (990 m²) Note areas as provided The measurements as set out herein are provided for guidance purposes only and no reliance should be placed on these when making any offer to purchase either expressly or impliedly and for the avoidance of doubt Claridges Commercial will be not liable for any losses howsoever arising in law as a result of the bidder placing any reliance on such measurements. The successful bidder should state if they wish to undertake a measured survey of the building prior to exchange of contracts to enable it to satisfy itself of the precise measurements.
Finishes & Services Reception area Fitted kitchens and cafeteria Comfort cooling. We have been given to understand that this system could include heating Raised floors Partitioned and ready for occupation Provision for projectors in some classrooms Alarmed Note: Services not tested Planning
We are advised that the property enjoys D1 (Educational) and B1 uses subject to opening hours 8am – 10pm Mon-Friday and 8am – 6pm Saturdays. The property would also be ideal for other D1 uses including medical uses and possibly D2 uses etc, subject to planning. Purchasers are advised to consult The London Borough of Tower Hamlets regarding specific occupational requirements.0207 364 5009.
Rating
RV £133,000. Rates currently payable £50,303.15 pa (2014/15) Supplied verbally
EPC
In hand Band C
VAT
The property is not elected for VAT purposes
Tenure
The property is held on lease for a term of approximately 992 years at a peppercorn ground rent.
Terms
Offers invited in the region of £4,500,000 - subject to contract
Leasing
Also available on a new FRI lease for a term to be agreed, subject to 3 yearly rent reviews to the greater of open market, RPI or 2.5% pa compounded. Asking rent of £250,000 pa exclusive, subject to contract.
Service Charge
Currently approximately £12,000 pa
Costs
Each party to be responsible for their own legal and professional costs.
Holding Deposit
Tenants or purchasers wishing to secure this property will be required to pay a holding deposit to Claridges of £3,000. This deposit is not refundable accept if the vendor withdraws, clear title cannot be proved or the tenants references are not acceptable to the landlord. This deposit is held in our clients account until completion.
Viewing:
By Appointment only via Claridges Commercial – 0845 205 0007 E: [email protected]
Important Notice These property particulars have been prepared in all good faith to give a fair overall view of the property. If you require any further information or verification of any points particularly relevant to your interest in this property, please ask. It should be noted that nothing in these particulars shall be deemed to be a statement that either the property is in good structural condition, or that any services, appliances, installations, equipment or facilities, are in good working order and services connected. No plant, machinery or appliance electrical or mechanical, present at the day of inspection has been tested and accordingly purchasers should satisfy themselves on such matters prior to purchase. These particulars are given as a general guideline only, and do not constitute, nor constitute any part of an offer or contract. Any photographs included within these particulars depict only certain parts of the property and no assumptions should be made with regard to parts of the property that have not been photographed. Furniture, furnishings, personal belongings and other contents, etc., shown in the photographs must not be assumed to be included in the sale, neither should it be assumed that the property or the contents remain as displayed in the photographs. If in doubt, please ask for further information. Measurements, descriptions, areas or distances referred to within the particulars, or indeed within any plan or plans associated with the property are given as a guide only and must not be construed to be precise. If such information is fundamental to a purchase, purchasers are advised to rely upon their own enquiries. Purchasers are advised to make their own enquiries regarding such matters relating to Planning Permissions or potential uses referred to within the particulars, where such information is given in good faith by Claridges. Information relating to rating assessments has been given verbally. Intending purchasers/tenants should satisfy themselves as to its accuracy from the Local Authority. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties, which have been sold, withdrawn or are under offer. Claridges do not hold themselves responsible, in negligence or otherwise, for any loss arising from the use of these particulars. Claridges have not undertaken any environmental investigations in respect of land, air or water contamination. The purchaser/purchasers are responsible for making their own enquiries in this regard. It must be appreciated that in preparing these particulars, descriptions given of the property by the author are personal and subjective and are used in good faith as a personal opinion and not as a statement of fact. To ensure that our descriptions are likely to match any expectations you may have of the property, we strongly recommend and advise that you make additional and specific enquiries. Unless otherwise stated, in accordance with The Finance Act 1989, all prices and rents are quoted exclusive of VAT. (VAT may be chargeable upon some rents and premiums), purchasers and tenants should satisfy themselves during their due diligence if VAT is payable. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. The terms quoted and all subsequent negotiations are subject to contract.
PLUMBERS ROW, LONDON, E1
*SELF-CONTAINED GROUND & LOWER GROUND FLOORS WITH PRIVATE ENTRANCES *READY FOR OCCUPATION *WITHIN A FEW MINUTES’WALK FROM ALDGATE/ALDGATE EAST TUBE STATIONS
TO BE SOLD ON A 992 YEAR LEASE AT A PEPPERCORN GROUND RENT ASKING PRICE £4,500,000 RENTAL OFFERS MAY BE CONSIDERED ON A NEW FRI LEASE ASKING RENT £250,000 PAX Subject to contract
0845 205 0007 These particulars do not constitute any part of an offer or contract. No responsibility is accepted as to the accuracy of these particulars or statements made by our staff concerning the above property. Any intending purchaser must satisfy himself as to the correctness of such statements and these particulars. All negotiation s to be conducted through Claridges. VAT may be charged on some rents quoted
Cafeteria
General office
Lecture room
lecture room with access to garden
Location
Plumbers Row is immediately off Whitechapel Road within a few minutes walk from Aldgate East, Aldgate, Whitechapel and Commercial Road as well as being within walking distance to Liverpool Street, The Tower and The City. Excellent public transport facilities are nearby including, Aldgate East, Aldgate and Whitechapel underground stations, Liverpool Street and Fenchurch Street main line stations as well as Tower Gateway for the DLR.
The Property
Modern mixed residential and commercial building. The commercial suite has two private entrances located at either end of the frontage. The accommodation is arranged as raised ground floor approached via a short flight of stairs and lower ground floor. The residential apartments are approached via their own entrance in which there is a platform lift providing access to the lift serving all floors. The property benefits from natural light from dual aspect front and rear and from a central atrium area. This property also has access to a garden area located at the rear of the lower ground floor. Please note that the central atrium and garden area are designated communal areas but the only access to the garden is via the subject property. The accommodation is arranged as follows:
Ground floor
Reception area General office 2 x private offices Staff rest room Kitchen plus second kitchen 2 x comms rooms Large lecture hall Cafeteria and kitchen
Lower Ground floor
9 x lecture rooms/classrooms Study/library area Male and Female WC’s Plant rooms. Access to garden area
Floor areas (gross int)
Ground floor approx 5,159 sq. ft. (479 m²) Lower Ground floor 5,505 sq. ft. (511 m²) Total Gross int. floor area approx. 10,664 sq. ft. (990 m²) Note areas as provided The measurements as set out herein are provided for guidance purposes only and no reliance should be placed on these when making any offer to purchase either expressly or impliedly and for the avoidance of doubt Claridges Commercial will be not liable for any losses howsoever arising in law as a result of the bidder placing any reliance on such measurements. The successful bidder should state if they wish to undertake a measured survey of the building prior to exchange of contracts to enable it to satisfy itself of the precise measurements.
Finishes & Services Reception area Fitted kitchens and cafeteria Comfort cooling. We have been given to understand that this system could include heating Raised floors Partitioned and ready for occupation Provision for projectors in some classrooms Alarmed Note: Services not tested Planning
We are advised that the property enjoys D1 (Educational) and B1 uses subject to opening hours 8am – 10pm Mon-Friday and 8am – 6pm Saturdays. The property would also be ideal for other D1 uses including medical uses and possibly D2 uses etc, subject to planning. Purchasers are advised to consult The London Borough of Tower Hamlets regarding specific occupational requirements.0207 364 5009.
Rating
RV £133,000. Rates currently payable £50,303.15 pa (2014/15) Supplied verbally
EPC
In hand Band C
VAT
The property is not elected for VAT purposes
Tenure
The property is held on lease for a term of approximately 992 years at a peppercorn ground rent.
Terms
Offers invited in the region of £4,500,000 - subject to contract
Leasing
Also available on a new FRI lease for a term to be agreed, subject to 3 yearly rent reviews to the greater of open market, RPI or 2.5% pa compounded. Asking rent of £250,000 pa exclusive, subject to contract.
Service Charge
Currently approximately £12,000 pa
Costs
Each party to be responsible for their own legal and professional costs.
Holding Deposit
Tenants or purchasers wishing to secure this property will be required to pay a holding deposit to Claridges of £3,000. This deposit is not refundable accept if the vendor withdraws, clear title cannot be proved or the tenants references are not acceptable to the landlord. This deposit is held in our clients account until completion.
Viewing:
By Appointment only via Claridges Commercial – 0845 205 0007 E: [email protected]
Important Notice These property particulars have been prepared in all good faith to give a fair overall view of the property. If you require any further information or verification of any points particularly relevant to your interest in this property, please ask. It should be noted that nothing in these particulars shall be deemed to be a statement that either the property is in good structural condition, or that any services, appliances, installations, equipment or facilities, are in good working order and services connected. No plant, machinery or appliance electrical or mechanical, present at the day of inspection has been tested and accordingly purchasers should satisfy themselves on such matters prior to purchase. These particulars are given as a general guideline only, and do not constitute, nor constitute any part of an offer or contract. Any photographs included within these particulars depict only certain parts of the property and no assumptions should be made with regard to parts of the property that have not been photographed. Furniture, furnishings, personal belongings and other contents, etc., shown in the photographs must not be assumed to be included in the sale, neither should it be assumed that the property or the contents remain as displayed in the photographs. If in doubt, please ask for further information. Measurements, descriptions, areas or distances referred to within the particulars, or indeed within any plan or plans associated with the property are given as a guide only and must not be construed to be precise. If such information is fundamental to a purchase, purchasers are advised to rely upon their own enquiries. Purchasers are advised to make their own enquiries regarding such matters relating to Planning Permissions or potential uses referred to within the particulars, where such information is given in good faith by Claridges. Information relating to rating assessments has been given verbally. Intending purchasers/tenants should satisfy themselves as to its accuracy from the Local Authority. No responsibility can be accepted for any expenses incurred by intending purchasers in inspecting properties, which have been sold, withdrawn or are under offer. Claridges do not hold themselves responsible, in negligence or otherwise, for any loss arising from the use of these particulars. Claridges have not undertaken any environmental investigations in respect of land, air or water contamination. The purchaser/purchasers are responsible for making their own enquiries in this regard. It must be appreciated that in preparing these particulars, descriptions given of the property by the author are personal and subjective and are used in good faith as a personal opinion and not as a statement of fact. To ensure that our descriptions are likely to match any expectations you may have of the property, we strongly recommend and advise that you make additional and specific enquiries. Unless otherwise stated, in accordance with The Finance Act 1989, all prices and rents are quoted exclusive of VAT. (VAT may be chargeable upon some rents and premiums), purchasers and tenants should satisfy themselves during their due diligence if VAT is payable. These details are believed to be correct at the time of compilation but may be subject to subsequent amendment. The terms quoted and all subsequent negotiations are subject to contract.
