£5.660.000
Confirmation
Corner Office Building
Property Details
Broker
For sale
6,439 sq.ft.
598 m²Leasable area
879 £/sq.ft.
9,464 £/m²5.50 %
1
Freehold
Fees
Investment Overview
Highly prominent corner building overlooking Southwark Cathedral. Excellent location adjacent to Borough Market, close to the banks of the Thames and 3 minutes from London Bridge Station. Concrete framed office building arranged over ground and 5 upper floors totalling 6,439 sq ft (598.2 sq m). The property was constructed in the mid-80’s . It is arranged over ground and 5 upper floors and is of concrete framed construction with a flat roof. Let for almost 8 years to tenant who are rated 1A by Dun & Bradstreet. Current passing rent for offices of 332,000 pax reflecting 51.56 psf overall. Valuable rent review in December 2024. Offers are invited in excess of 5.66m (Five million, six hundred & sixty thousand pounds) reflecting a 5.5% net initial yield and a capital value of 879 psf after acquisition costs.
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