Key features
· Royal Wharf forms part of the wider Riverscape development carried out by Ballymore/Oxley. The site is located in the Royal Victoria area of the London Borough of Newham. Royal Wharf is phase one of the multi-use development
· Riverscape brings c. 4,150 homes to the neighbourhood, estimating 15,000 residents
· Collection of 21 units available to be sold together or separately
· Well-presented E class units, ranging from 990 sq ft to 2,239 sq ft leased to a variety of occupiers.
· Strong reversionary potential for the units within the development, with recent lettings achieving £23 per sq ft
· Units will be sold with a virtual freehold from completion (999 years)
Description
The units were completed on a phased basis, first completion was in 2016 with the final phase following in 2018. The portfolio consists on 21 units ranging from 990 to 2,239 sq ft with varying ceiling heights of 3-7m. The developer completed the units to a shell and core specification, each unit was in turn fit out by the tenant to suit their needs, specification was agreed with the freeholder. The estate benefits from 30 minutes free on street parking with further parking available at cost .
Royal Wharf is in the Docklands area of the London Borough of Newham on the North side of the River Thames, adjacent to London City Airport, Canning Town and The Thames Barrier. Public Transport - The Docklands Light Railway (DLR) parallel to the north side of the development offering two stations close by: Pontoon Dock; and West Silvertown. Furthermore Crossrail's arrival at Custom House has put Liverpool Street just 12 minutes away, Tottenham Court Road just 15 minutes away and London Paddington 21 minutes away. Road - By Road, the development sits only 1.3 miles from the A13 dual carriage way offering access to The city of London only 5.8 miles west and to the M25 (J31) 13.1 miles east. Canning Town is located 1.2 miles to the north, with Canary Wharf 2.3 miles west. Air - Royal Wharf is located only 1.2 miles (4 mins on DLR) from London City Airport. This airport serves domestic and European destinations, with a focus on short haul flights. River - Royal Wharf Pier offers river access via the Uber Boat by Thames Clipper west to 20 other piers as far at Putney and 2 piers east towards Barking Riverside. London Bridge can be accessed in 40 minutes.
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