Office for sale in Southwark

This property is marketed by:
Lim Commercial

Description

Accessed via a gated mews and located within a mixed use development with on-site porter, bike storage and excellent security. A rare opportunity to acquire a loft style studio office on the third floor of this impressive well maintained block comprising an open plan work space with excellent natural light, high ceilings, a private meeting room, open plan kitchen and W.C facilities. The unit benefits from excellent office specifications and offers a quiet working environment, away from the busy high street close by.

Location

The property is located at the northern end of Borough High Street close to London Bridge mainline and underground stations providing a host of tourist attractions to include Tate Modern, The Shard, Shakespeare’s Globe & HMS Belfast located close to Tower Bridge. There are also an abundance of restaurants, bars & cafes all within walking distance along Borough High Street with the ever popular Borough Market moments away.

Specifications include:

• Wood flooring throughout
• Heating / cooling cassettes
• High-speed internet (200 mbps) via a leased line
• High ceilings
• Uplighters
• Private meeting room
• W.C facilities
• On-site concierge
• Central SE1 location

EPC

Rating B - 28

Service Charge

Approx. £3.80 per sq ft per annum.

VAT

VAT is payable on the purchase price.

Business Rates

To be re-assessed.

Term

999 years from 1st June 1999 at a peppercorn ground rent.

Price

£1,200,000 (one million two hundred thousand pounds) and subject to the following tenancy below.

Important Notice

The office is currently let to a marketing company on a lease expiring 19th December 2025, with MUTUAL break option as at 19th June 2024, at an annual exclusive rent of £63,600. Therefore the purchaser would receive this income and have the opportunity of obtaining vacant possession in June 2024.