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Valuation Advice

Royal Albert Wharf, London E16


Client

Notting Hill Housing

Property

2,956 sq m/31,818 sq ft of new build commercial space

Project Summary

Strettons provided RICS Red Book valuation advice in 2016 in the form of individual Market Values/Market Rents for the proposed commercial units within the first phase of a major scheme.

The commercial units largely formed on the ground floor of various medium rise blocks with flats on the upper floors. These blocks formed Phase 1 of a large development by Notting Hill Housing, known as ‘Royal Albert Wharf’.

The scheme was still under construction and was due to be completed and handed over at various stages in 2016-2017.

The development is situated to the south of Gallions Road. This is to the north of the Royal Docks and on the eastern edge of the London Docklands within the London Borough of Newham.

The subject commercial units were arranged in three blocks comprising a total of 2,956 sq m / 31,818 sq ft of space.

Various uses were to be encouraged in the units. This includes A1 (shops); A2 (estate agents and banks); A3 (restaurants and cafes); A4 (pubs and bars) and B1 (office and business use). D1 units (medical or nursery uses) would be provided in phase 2 of the scheme.

The GDV ran into many millions.

Gary Powis

020 7614 0905
gary.powis@strettons.co.uk