1. Realla
  2. Conventional offices for sale
  3. London
  4. Southbank

Unit A, Borough Place, 16-18 Marshalsea Road, London SE1 1HL – Southbank

Office for sale

£825,000 1,310 sq ft Space for 12 people (est)

Estate Office
Contact name
Barry Marshall
Full address
16-18 Marshalsea Road, London, Greater London SE1 1HL – Southbank
Property type
Office for sale
Asking price
£825,000
Features
Coworking space, Grade II, Gym, Kitchen, Modern, Open plan, Refurbished, Restaurant, Shower, Train transport, Transport, Tube service
Size
1,310 sq ft
Estimated space
12 people
Tenure
Long leasehold
NIY (%)
5.75

Opportunity to acquire a commercial investment in Zone 1 of Central London.
• Located in the dynamic Southbank area of London less than 5 minutes-walk from Borough Market and London Bridge Underground Station.
• Situated in a highly prominent position fronting Marshalsea Road within 400ft of Borough High Street & Borough Underground Station (Northern Line).
• Long leasehold for 999 years from completion.
• Ground floor comprising 1,310 sq ft (121.7 sq m).
• Unit benefiting from flexible use classes including A1, A2 & D2.
• Currently let to a martial arts studio for a term of 5 years from September 2017 with a mutual break option from September 2020.
• Producing £50,000 per annum (£38.17 per sq ft).
• We are instructed to seek offers in the region of £825,000 (Eight hundred and twenty five thousand pounds), subject to contract.
• This reflects a Net Initial Yield of 5.75%, based on purchasers’ costs of 5.53%, and a Capital Value of £630 per sq ft.
• Freehold available by separate negotiation to include ground rent income of 9 residential units and a further commercial unit.

This office for sale is located in Southbank.

Search for all available commercial properties for sale in Southbank

Please enable JavaScript to view Google Maps...

Please enable JavaScript to view Google Maps...

Contact agent

020 *** ****

Click to reveal

When prompted enter this code:

Or use the form below to email the agent

By submitting this form, you accept our Terms & conditions & Privacy policy Please note that Realla will send the above details to Estate Office only.

Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Estate Office. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Estate Office for full details and further information.