Description
1 West India Quay Canary Wharf
Location: On the 25th, 26th and 27th Floors above the Marriott Hotel,
Comprising of 6 x 1 Bed, 18 x 2 bed, 1 x 2 bed duplex, & 2 x 3 bed duplex, Net Floor Area of 33,310 square feet
Income: Rent receivable from 23 flats plus 4 vacant units
Estimated gross income when fully let £1.18m PA
Tenure: Each apartment is held on an individual 999 year lease from 2004 at a nominal ground rent (Details attached)
Service Charges: Details attached
Method of Sale: Either asset sale or SPV
Price: was £22.5m as per attached schedule to show a low capital value of £675 per sq ft but the vendor is now motivated to secure a sale c£19m. This equates to £570 per sq ft!
Viewings van be arranged.
Buyers fee of 1.5% payable.
