No longer on the market
This property is no longer on the market
MapBlock of apartments
Auction
Block of apartments
Key information
Features and description
- Freehold ground rent investment
- Subject to a long leasehold interest
- Modern development
- Overlooking Limehouse Basin
- Provides a mix of commercial and residential units
- Asset management opportunity
- Online Auction on Wednesday, 27 July 2022
A modern residential led development of traditional construction arranged as a mixture of apartments and commercial.
The freehold ownership is subject to a long leasehold interest; 200 years from 31.3.2005, producing nil rent.
VAT is only applicable on commercial element (Please refer to the legal pack for further information).
Location:
The property is located on Commercial Road, north of Limehouse Link Tunnel / Rotherhithe Tunnel, directly adjacent to Limehouse DLR station.
Commercial Road forms part of the A13, thus connecting Essex with the City of London
Limehouse DLR services commuters travelling to the City of London, Canary Wharf and London City airport.
Online Auction on Wednesday, 27 July 2022. For further information, such as legal documents and property information, please visit bidx1.com.
About this agent
BidX1 are market-leaders in the digitalisation of property transactions, allowing buyers and sellers across the globe to complete transactions online in the most efficient and transparent manner. We combine industry-leading property expertise with proprietary technology to provide unparalleled levels of transparency, analytics and global reach, challenging the traditional process of marketing and transacting real estate. Our technology facilitates end-to-end online transactions, from listing to exchange of contracts. To date BidX1 has sold over 20,000 properties through their digital platform, attracted visitors from 173 countries and buyers from 32 countries. A total value of £4 billion worth of property sold has been sold via our digital platform. BidX1 currently operates in the UK, Ireland, and Cyprus, with further expansion into other European markets planned to meet the demand for an alternative to existing sale processes. BidX1 has a varied customer base, including multiple institutional investors, banks, listed vehicles, receivers, liquidators and propcos, as well as individual private sellers wishing to avail of the transparency and data that the digital platform provides. Their innovative approach has earned them recognition in the form of a number of accolades, including the Irish Times' New Frontiers Award 2018 and the Investment Award 2018 at the Estates Gazette Tech Awards. BidX1 has also been shortlisted for Newcomer of the Year and Proptech Innovator of the Year at the Property Awards 2019 as well as for Proptech Company of the Year at the PROPS Awards 2019.