*SE1. LONG LEASE OFFICE SPACE AVAILABLE 100 YEAR PLUS * offered with tenant in situ. 1500 sq ft - (£550 per sq ft) 5% YIELD
The office space has been recently granted a new 10 year, FRI lease with a mutual, five year break clause with a rent review upwards. The unit is achieving £41,600 per annum.
The property is close to both Borough and the Elephant & Castle tube stations. The office is located on the lower ground floor, extending to 1500 square feet, the office has a modern finish and smart, practical layout. There is a reception area at the front, with stairs down to the main office area, available to accommodate 20 plus employees. There is also a smart mezzanine area, overlooking the main office, ideal as a separate meeting room and separate WC. This recently constructed office comprises of a double height space, a split level (mezzanine area), multiple skylights/lantern lights, underfloor heating, ventilation systems, triple glazing and hardwood oak flooring throughout. The office includes the freehold of the two bedroom maisonette set above it, which have been sold off on a long lease. Highly suited to any investor.
Located within fifteen minutes walking distance of three tube stations. Elephant and Castle, London Bridge Mainline and Tube and Borough. Close to all the amazing new cultural facilities and shopping offered by the revitalised SouthBank including; Tate Modern, The White Cube Gallery, Borough Market and Bermondsey Street. Also located adjacent to the new Elephant and Castle regeneration area which includes a new Shopping Centre, Leisure Centre, Cinemas, Swimming Baths and an Urban Park. The area is one that has seen a Renaissance which is really only just beginning. Business rates - £13,597.50 p .a .
EPC rating B.
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