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Southwark Street London SE1 Development Opportunity Freehold for Sale

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Southwark Street London SE1 Development Opportunity Freehold for Sale 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 - Southbank 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 - Planning 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" 24 Retail Retail Canvey Street 5 Zoar Street Retail Retail 12 Retail 110 Retail 11a CGI of consented scheme prepared Bankside Health Club Retail Southwark Street Bankside 1 by Formation Architects Retail Retail 95 91 93 89 Offices 83 Southwark Street Offices 5-13 71-79 5-11 Offices Lavington Street Surry House Ewer Street Offices Offices 25 Offices Offices Offices Offices Offices Offices James Forbes House Offices Offices Offices Cannon Street Station Cannon Street Description Planning "(c) UKMap Copyright. The GeoInformation Group 2015 Licence No. LANDMLON100003121118" The current building was built in the The building is currently occupied as 1960s and is arranged on basement, offices under Class B1 of the Town ground and five upper floors, having and Country Planning (Use Classes) a net internal floor area of 7,349 Order 1987. sq ft (682.7 sq m). Planning was obtained on 8th May The gross internal floor area of the 2013 to redevelop the building for building equates to approximately office purposes on ground to 7th 10,189 sq ft (946.6 sq m). floors, having a total net internal The building provides for regular floor area of 10,053 sq ft (934 sq m). floor-plates capable of being The gross internal floor area of the stripped out to open-plan proposed development is 13,746 accommodation and providing sq ft (1,277 sq m). The ground floor for comfort-cooled offices, served also benefits from a dual use to Typical floor plans with partitions removed. by an automatic passenger lift. include classes B1, A1 and A3. Not to scale Accommodation Floor sq ft sq m 5th 1,033 96.0 4th 954 88.6 3rd 1,050 97.5 2nd 945 87.8 1st 1,041 96.7 Ground 1,139 105.8 Lower-ground 1,187 110.3 LIFT Total 7,349 682.7 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 Waterloo Bridge River Th Embankment am Stamford Street e Blackfriars Road s So uth w ark S tre et London Bridge Tooley Street Waterloo Road Waterloo Southwark d oa Union Street R d a St. Thomas Street o ut ge R C id he k T r o Borough Y wer Br Westminster To t e e Long La r Great Dover Street t S Westminster Bridge y ne e s d n e W o Lambeth North m s r tminste e Borough Road B r dBri ge R oad ad Ro St George’s Road e lac Pa th be am L 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].
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