AVAILABLE WITH VACANT POSSESSION IN OVER A YEAR
LONG LEASE 900 YEARS PLUS. 1215 sq ft/ 107.5 sq m N.I.a.
CURRENTLY ACHIEVING 5% YIELD INVESTMENT
A modern, ground floor office set within in purpose-built development. The space is predominantly open-plan and benefits include wooden flooring and under floor trunking. Originally one large open-plan space the current tenant has created a semi open plan kitchenette, 2 WCs and two partitioned meeting rooms. The unit however could be converted back to it's original layout. Included in the net sq ft area of 1,215 sq ft is the small corridor directly outside the WC's. The partition can be removed creating extra usable office space.
Royal Oak Yard is entered via sought-after Bermondsey Street with its variety of restaurants, museums and antique shops, Tanner Park and the tennis courts. London Bridge station is approximately 8 minutes walk providing easy access into central London, Docklands and South East London through the Jubilee, Northern lines and National Rail.
*Sold with tenant in situ until April 2023 with a break and rent review in May 2021* Currently generating £52,335 per annum (£43 per sq ft). Solid wood flooring, A/C s.
Service charge - £2,300 per annum approx. (Currently paid by tenant)
Reserve fund approx £600 per annum. (Currently paid by tenant)
VAT is payable on the sale price.
EPC rating C
Legal Costs - Both parties to pay their own legal costs.