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Corner Office Building

London, United KingdomUnlock address

87%

£5.660.000

Office

#12879

Core

2 Feb 2024

Property Details

Broker

For sale

6,439 sq.ft.

598 m²

Leasable area

879 £/sq.ft.

9,464 £/m²

5.50 %

1

Freehold

X

Fees

0.00 %

0.50 %

0.00 %

0.50 %

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.