Investment Particulars Boardwalk Place
LEASEHOLD RESIDENTIAL INVESTMENT FOR SALE
CONTACT US
Viewing is strictly by prior appointment with Colliers International, through:
Caroline Hardwicke +44 207 487 1884 [email protected]
Richard Blackburn +44 207 487 1709 [email protected]
34 – 44 BOARDWALK PLACE TRAFALGAR WAY LONDON E14 5SE • Canary Wharf leasehold residential opportunity. • Poplar Dock Marina location. • 11 apartments with secure car parking. • Currently fully let on AST’s. • Producing appx £230,880 per annum. • 8,925 sq ft NIA (829 sq m) • Offers in the region of £4,000,000 (subject to contract) • Investment Yield 5.77% Yield.
Colliers International 9 Marylebone Lane LONDON W1U 1HL +44 20 7935 4499 www.colliers.com/london
Boardwalk Place, London, E14 Location Boardwalk Place is a quiet dockside cul-de-sac just north of the central commercial area of Canary Wharf and opposite Billingsgate market offering fantastic views of Canary Wharf and the surrounding area. The local area offers an array of bustling dockside bars and restaurants as well as a multitude shops housed within the Jubilee Place shopping mall. Canary Whaf (Jubilee Line) and West India Quay (DLR) are both situated within a 10-minute walk.
Boardwalk Place, London, E14
Description Built by Bellway Homes, Boardwalk Place is a modern development comprising several blocks arranged around Poplar Dock Marina. The complex features a mixture of 1, 2 & 3 bedroom apartments and is popular with those working in Canary Wharf & The City 34-44 Broadwalk Place compromises 11 apartments arranged over 4 storeys benefiting from secure ground floor car parking. Each apartment benefits from full central heating, integrated kitchens and a balcony together with a day porter service.
Boardwalk Place, London, E14
Tenure Each apartment and car space is held on a 999 year lease from December 1997 at nominal ground rents of £150 per annum rising on a 25 year basis.. Full leasehold details, together with service charge information is available on request.
Tenancies All apartments are let on furnished AST’s producing an income of appx £230,880 per annum and the majority have break options exercisable on two months notice. Seven car spaces are currently not let in conjunction with the apartments and offer an opportunity to increase the rental income. Full details are available upon request.
Floor Areas Each apartment has been measured on a Gross Internal basis as set out below:
Apartment
Gross Internal Area (sq ft)
st
34 – 1 floor st 35 – 1 floor st 36 – 1 floor nd 37 – 2 floor nd 38 – 2 floor nd 39 – 2 floor rd 40 – 3 floor rd 41 – 3 floor rd 42 – 3 floor th 43 – 4 floor th 44 – 4 floor Total
892 586 863 861 576 839 853 589 840 1,013 1,013 8,925
Bedrooms
(sq m) 82.87 54.44 80.17 79.99 53.51 77.94 79.25 54.72 78.04 94.11 94.11 829.15
2 1 2 2 1 2 2 1 2 3 3
Proposal We have been instructed to seek offers in the region of £4,000,000 (four million pounds) for our client’s leasehold interest, subject to contract. A purchase at this price reflects an investment yield of 5.77% and a capital value of £448 psf.
Boardwalk Place, London, E14
VAT The property is not elected for VAT.
Boardwalk Place, London, E14
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (Sept 11) Colliers International is the licensed trading name of Colliers International UK plc. Company registered in England & Wales no. 4195561. Registered office: 9 Marylebone Lane, London W1U 1HL
Misrepresentation Act Colliers International and Robert Irving Burns gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, or lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. June 2011 Colliers International is the licensed trading name of Colliers Godfrey Vaughan Ltd. Company registered in England & Wales no. 6544827. Registered office: 9 Marylebone Lane, London W1U 1HL.
CONTACT US
Viewing is strictly by prior appointment with Colliers International, through:
Caroline Hardwicke +44 207 487 1884 [email protected]
Richard Blackburn +44 207 487 1709 [email protected]
34 – 44 BOARDWALK PLACE TRAFALGAR WAY LONDON E14 5SE • Canary Wharf leasehold residential opportunity. • Poplar Dock Marina location. • 11 apartments with secure car parking. • Currently fully let on AST’s. • Producing appx £230,880 per annum. • 8,925 sq ft NIA (829 sq m) • Offers in the region of £4,000,000 (subject to contract) • Investment Yield 5.77% Yield.
Colliers International 9 Marylebone Lane LONDON W1U 1HL +44 20 7935 4499 www.colliers.com/london
Boardwalk Place, London, E14 Location Boardwalk Place is a quiet dockside cul-de-sac just north of the central commercial area of Canary Wharf and opposite Billingsgate market offering fantastic views of Canary Wharf and the surrounding area. The local area offers an array of bustling dockside bars and restaurants as well as a multitude shops housed within the Jubilee Place shopping mall. Canary Whaf (Jubilee Line) and West India Quay (DLR) are both situated within a 10-minute walk.
Boardwalk Place, London, E14
Description Built by Bellway Homes, Boardwalk Place is a modern development comprising several blocks arranged around Poplar Dock Marina. The complex features a mixture of 1, 2 & 3 bedroom apartments and is popular with those working in Canary Wharf & The City 34-44 Broadwalk Place compromises 11 apartments arranged over 4 storeys benefiting from secure ground floor car parking. Each apartment benefits from full central heating, integrated kitchens and a balcony together with a day porter service.
Boardwalk Place, London, E14
Tenure Each apartment and car space is held on a 999 year lease from December 1997 at nominal ground rents of £150 per annum rising on a 25 year basis.. Full leasehold details, together with service charge information is available on request.
Tenancies All apartments are let on furnished AST’s producing an income of appx £230,880 per annum and the majority have break options exercisable on two months notice. Seven car spaces are currently not let in conjunction with the apartments and offer an opportunity to increase the rental income. Full details are available upon request.
Floor Areas Each apartment has been measured on a Gross Internal basis as set out below:
Apartment
Gross Internal Area (sq ft)
st
34 – 1 floor st 35 – 1 floor st 36 – 1 floor nd 37 – 2 floor nd 38 – 2 floor nd 39 – 2 floor rd 40 – 3 floor rd 41 – 3 floor rd 42 – 3 floor th 43 – 4 floor th 44 – 4 floor Total
892 586 863 861 576 839 853 589 840 1,013 1,013 8,925
Bedrooms
(sq m) 82.87 54.44 80.17 79.99 53.51 77.94 79.25 54.72 78.04 94.11 94.11 829.15
2 1 2 2 1 2 2 1 2 3 3
Proposal We have been instructed to seek offers in the region of £4,000,000 (four million pounds) for our client’s leasehold interest, subject to contract. A purchase at this price reflects an investment yield of 5.77% and a capital value of £448 psf.
Boardwalk Place, London, E14
VAT The property is not elected for VAT.
Boardwalk Place, London, E14
Colliers International gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, Lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. (Sept 11) Colliers International is the licensed trading name of Colliers International UK plc. Company registered in England & Wales no. 4195561. Registered office: 9 Marylebone Lane, London W1U 1HL
Misrepresentation Act Colliers International and Robert Irving Burns gives notice that these particulars are set out as a general outline only for the guidance of intending Purchasers or Lessees, and do not constitute any part of an offer or contract. Details are given without any responsibility and any intending Purchasers, or lessees or Third Party should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them. No person in the employment of Colliers International has any authority to make any representation or warranty whatsoever in relation to this property. June 2011 Colliers International is the licensed trading name of Colliers Godfrey Vaughan Ltd. Company registered in England & Wales no. 6544827. Registered office: 9 Marylebone Lane, London W1U 1HL.
