Summary - London E14 Unit 4, 9 St. Annes Street, Limehouse, London E14 7PF E14 7PE
1 bed 1 bath Commercial Property
Triple-fronted unit with two dedicated parking spaces and immediate income.
Gross initial yield 9.78% on £58,200 pa rent
A rare income-producing commercial unit in Limehouse, offering a strong gross initial yield of 9.78% from a single tenant. The ground-floor, triple-fronted unit extends to 2,328 sq ft and includes two dedicated off-street parking spaces — attractive operational features in a central Docklands fringe location midway between Limehouse and Westferry DLR stations.
The current lease to Thalgo UK Limited runs from January 2018 with full repairing and insuring covenants, producing £58,200 pa. The tenant did not exercise a 2023 break and a deposit of £17,460 is held, providing immediate, visible income for a short‑to‑medium term investor. VAT is applicable to the sale and should be factored into financial planning.
Tenure is long leasehold (999 years) but contains notable ground-rent mechanics: an initial combined ground rent of £600 pa with staged doubling every 15 years for the first 105 years for the car parking leases. Ground rent and linked RPI rent reviews introduce future cost and valuation considerations. The property’s internal condition and services are not described; an internal inspection and title verification are recommended to confirm layout, condition and measured area.
Location strengths include clear street visibility, nearby amenities and good transport links to Canary Wharf and the City. Drawbacks to weigh: inner‑city local deprivation indicators, VAT liability, and ground-rent escalation provisions that could affect long‑term net returns. Suitable for yield-seeking investors or buyers wanting an occupational asset with immediate income.
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