Canary Wharf, London E14
The investment strategy would be to acquire a self-contained block of newly completed and vacant residential apartments at below market value in Canary Wharf
- 47 units (22 x studio, 7 x 1 bed, 18 x 2 bed - apartments)
- Self contained block
- C3 residential
- 999 year lease
- Build complete
- Property held in clean single asset BVI SPV (tax-efficient for overseas investors)
- Entire block pre-let to corporate tenant at £952, 640 pa (5 year lease w/ annual RPI uplift).
- NIA 24,210 sq.ft (Average unit 512 sq.ft)
- 18 parking spaces
- MV £17.05 (red book value)
- Acquisition price £17.0m
- Deposit £4.25m (25%). 28 day completion
- Huge demand and very little supply of Canary Wharf residential property.
- Buyers reserve with 5% deposits
Property Attributes
- Location: Canary Wharf, London E14
- Position: South Facing