Southwark Street London SE1 Development Opportunity Freehold for Sale

www.81southwarkst.co.uk 24

Retail Retail

Canvey Street

5 Zoar Street

Retail Retail

12 Retail

110

Retail

11a

Investment Summary Location Bankside Health Club Retail Southwark Street Bankside 1 Retail - S outhbank location opposite the 81 Southwark Street is well located Retail

Blue Fin Building on the south side of Southwark95 91 Street in the heart of the vibrant 93 - Short walk of Southwark, London 89 Bridge and Blackfriars Stations Bankside area. It is well connected, Offices being equidistant from Southwark 83 - Existing building – 7,349 sq ft NIA and London Bridge Stations Southwark Street

- P lanning consent granted for (Northern and Jubilee lines and Offices

redevelopment to provide a new Network South-East and Thames5-13 building of 10,053 sq ft NIA Link). Following the development 71-79 5-11 - Short term income of £99,500 per of Blackfriars Station and the new Offices annum until 1st February 2016 entrance on the south side of the river, there is also access to the

- Seeking offers in excess of Surry House District and Circle lines. Lavington Street £5.5 million Ewer Street

- £748 per sq ft on current net The Southbank is now recognised as Offices Offices internal areas a major cultural centre within London

25 - No VAT and is home to Borough Market, the Tate Modern, the Globe Theatre, the

Offices National Theatre, the Royal Festival Offices Offices Hall and the Southbank Centre.

Offices

Offices Offices

James Forbes House Offices Offices

Offices Blackfriars Bridge Blackfriars Station Blackfriars Station Blackfriars Blue Fin The Modern Tate Paul’s St. Millennium Bridge Globe Theatre The Change One New Bridge Southwark

"(c) UKMap Copyright. The GeoInformation Group 2015 Licence No. LANDMLON100003121118" "(c) UKMap 5-13 Offices Offices Co pyright. The GeoInformation Group 2015LicenceNo. LANDMLON100003121118"

95

93 91 12

Offices James Forbes House Forbes James Offices

89 5-11

Offices Southwark Street Bankside 1 Bankside Street Southwark Offices Retail Retail Offices 11a 83 Retail

Lavington Street Retail Bankside Health Club Health Bankside Offices Offices Offices 110 5 25

Canvey Street Offices 71-79 Offices 24

Offices Ewer Street Ewer Retail

Retail Southwark Street Southwark Retail Retail

Zoar Street Cannon Street Station Retail Offices

Surry House sq ft(682.7m). by Formation Architects CGI ofconsented schemeprepared Total Lower-ground Ground 1st 2nd 3rd 4th 5th Floor Accommodation by anautomatic passengerlift. for accommodation andproviding stripped outto open-plan floor-plates The buildingprovides for regular 10,189 sqft(946.6m). building equatesto approximately The a ground 1960s andisarranged onbasement, The currentbuildingwas builtinthe Description

net

comfort-cooled

gross

internal

and

internal

five

capable

floor

upper

floor area

offices,

7,349 1,187 1,139 1,041 1,050 1,033 of sq ft

floors, 945 954

being

of area

7,349

served

of

having 682.7

110.3 105.8 the sq m

96.7 87.8 97.5 88.6 96.0

include classesB1,A1andA3. also sq proposed development is13,746 The floor floors, office 2013 to redevelop thebuildingfor Planning was obtainedon8thMay Order 1987. and Country Planning (UseClasses) offices The buildingiscurrentlyoccupiedas Planning

ft

gross

benefits

(1,277 area

purposes

having

under

of internal

sq

10,053

from Class a

m).

total

on

The floor a

ground B1

sq dual net

ground of ft

area

internal

use

(934 the

to

of

to

Town 7th

sq floor

the

m). LIFT

Typical floorplanswith partitions removed. Not to scale

Tenure VAT Proposal The building is offered for sale The property is not elected for VAT. We are instructed to seek offers in Freehold, but subject to and with excess of £5.5 million for the benefit the benefit of a lease to London EPC of the Freehold interest. A purchase Central Communications, expiring at this level represents Capital Value The building has a current EPC on 1st February 2016, held at a of £748 per sq ft on the NIA. rating of E (124). current rental of £99,500 per annum exclusive. This lease is excluded Data Room from sections 24 – 28 of the Further information can be found Landlord and Tenant Act 1954 online at www.81southwarkst.co.uk. (part II) as amended.

London Blackfriars Temple Southwark Bridge Road Blackfriars Bridge

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Kennington Road Gr an Newington Causeway Borough High Street London Bridge g e Ro New Kent Road ad Lambeth Road Lambeth Bridge Elephant & Castle

MISREPRESENTATION ACT 1967 For further information or to arrange Mellersh & Harding LLP for themselves, hereby give notice that: (i) These particulars do not constitute any part of an offer or contract. (ii) Mellersh an inspection, please contact: & Harding LLP accept no legal responsibility for any statement or representation whether written, oral or implied or whether contained in any advertisement particulars or other matters issued by any correspondence entered into by them and whether made in any antecedent present or subsequent enquiries or negotiations. (iii) Neither Mellersh & Harding LLP nor their principals, agents, servants or representatives have any Jonathan Stern authority whatsoever to make or give any representation or warranty whatsoever whether written or implied in relation to this property. (iv) Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of any antecedent present or subsequent statements 020 7522 8517 or representations, and should not rely upon the same unless he has satisfied himself accordingly. (v) Unless otherwise stated, all prices and rents [email protected] are quoted exclusive of Value Added Tax (VAT). Any intending purchasers or lessees must satisfy themselves independently as to the incidence of VAT in respect of any transaction. NOTE. The enclosed plans are based upon the Ordnance Survey Map with the sanction of the Controller of H M Stationery Office (Crown George Reynolds Copyright Reserved), Chas E Goad Limited, Geographia Limited and Geographers A-Z Map Co Limited, where applicable. These plans are published for the purposes of identification only and, although believed to be correct, their accuracy is not guaranteed and they do not form any 020 7522 8524 part of any Contract. Details prepared August 2015 [email protected]