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Blackfriars Mooring, Kings Reach, Victoria Embankment, London, EC4Y 0HJ - Image 1
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Blackfriars Mooring, Kings Reach, Victoria Embankment, London, EC4Y 0HJ - Image 4
Blackfriars Mooring, Kings Reach, Victoria Embankment, London, EC4Y 0HJ - Image 5
Blackfriars Mooring, Kings Reach, Victoria Embankment, London, EC4Y 0HJ - Image 6
Blackfriars Mooring, Kings Reach, Victoria Embankment, London, EC4Y 0HJ - Image 7

Blackfriars Mooring, Kings Reach, Victoria Embankment, London, EC4Y 0HJ

London

£1,750,000
Listed on 18/03/2024

Property Details

Bedrooms
N/A
Type
Detached house
0

Description

This property offers a unique opportunity to acquire a waterfront mooring site on the iconic Thames, complete with permissions for permanent vessel mooring and the construction of an 80-meter floating pontoon. Previously home to the HMS President, which served as a notable events venue accommodating up to 350 guests, this site is well positioned for future commercial development. The area is set to further benefit from enhanced amenities due to the ongoing London Thames Tideway Tunnel project, which will introduce a new foreshore space, including café and seating options along the river by mid-2025. Located west of Blackfriars Bridge, the site enjoys high visibility and excellent access points from both road and rail networks, making it ideal for attracting foot traffic. As Blackfriars continues to thrive economically—with its proximity to legal institutions in Temple and cultural hotspots like St Paul’s and Covent Garden—the potential for creating a vibrant riverfront venue is immense. Current guidance from the Port of London Authority outlines that any new structure should be approximately 80 meters in length, 10 meters wide, with public accessibility considerations necessary for planning approval. This flexibility in development opens avenues for various proposals tailored to enhance local engagement. The mooring is maintained under an annual River Works Licence agreement through the PLA, ensuring long-term usability contingent on adhering to relevant provisions. Historically, operation under this agreement involved fees ranging between £35,000 and £40,000 when HMS President occupied the space. New owners will need to secure a premises licence for trade with the local authority but can leverage existing services such as three-phase electricity, water, and sewage connections. This site represents a compelling investment prospect within London's flourishing commercial landscape.

Investment Analysis

Investment analysis data not available for this area yet.

Location

Blackfriars Mooring, Kings Reach, Victoria Embankment, London, EC4Y 0HJ
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Mortgage Calculator

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£
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Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£6,411
Based on a loan of £1,312,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE