A rare investment opportunity to acquire a 40m Berth which includes a 39m Widebeam barge producing £114,300pa gross

This exceptional high yielding Investment opportunity concerns a 39m Dutch Barge named "Gujo", which has been tastefully converted to provide six self-contained residential units. There are five duplex 1-bedroom units and a further single storey 1 bed unit, which currently produce a gross annual income of £113,400. The barge is moored at Berth 1 Oyster Quay, a fully serviced and secure residential wharf situated in Battersea on the South Bank in central London adjacent to London Heliport and Hotel Rafayel. Central London permanent residential moorings are scarce and demand remains insatiable.

Tenure

Leasehold.

The Wharf

Berth 1 - 40m berth on Oyster Quay

The Lease

Berth 1 is held on a Lease for a Term Expiring on 31st October 2113 (87 years remaining)

The Vessel

Gujo is a 38.5m Dutch Barge arranged as 6 self-contained residential units. Unit 1 - 1 bed duplex let at £2000 pcm Unit 2 - 1 bed duplex let at £1400 pcm Unit 3 - 1 bed duplex let at £1325 pcm Unit 4 - 1 bed duplex let at £1700 pcm Unit 5 - 1 bed duplex let at £1900 pcm Unit 6 - stern single storey 1 bed unit let at £1200 pcm Five of the units are one bedroom duplexes and the sixth is a single floor one bed unit.

Note

There is an option to purchase this lot and Oyster Wharf. Interested parties should contact the Auctioneers to obtain further details.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Wandsworth Borough Council

Solicitors

HCR Law (London), Ref: Ross Johnstone, Tel: 02074005034

Additional Fees

Buyer's Premium - £1200 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.