Conran Building 22 Shad Thames London SE1 a Vacant Freehold Residential, Office and Showroom Investment
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Conran Building 22 Shad Thames London SE1 A vacant freehold residential, office and showroom investment. Investment Summary – An attractive freehold building with views over the River Thames; – Located in the heart of Southwark, one of the most desirable places in central London to both live and work; – Constructed in 1991 the property comprises 16,405 sq ft (1,524 sq m) of residential, office, showroom and ancillary accommodation arranged over lower ground, ground and 5 upper floors; – To the 4th and 5th floors is an outstanding split level penthouse apartment measuring approximately 4,357 sq ft (404.7 sq m), benefiting from two panoramic terraces with views across the River Thames and London’s iconic skyline; – The property will be sold with full vacant possession provided by no later than Q1 2020; – A unique opportunity for investors or owner occupiers; – Offers are invited in excess of£11.0 million which reflects a low capital value of£671 per sq ft, subject to contract and exclusive of VAT. 2 3 The Shard London Bridge St Paul’s Cathedral One Tower Bridge City Hall Shad Thames Butler’s Wharf Conran Building Tower Bridge A rare opportuntity to acquire City of London a freehold river facing building. Tower of London Providence Square St Katharine Docks 4 5 Conran Building occupies a prominent position on St Saviour’s Dock, a small Conran Building is inlet on the bank of the River Thames. To the west of the property is More located in the heart of London Estate, home to City Hall. The area has attracted major local occupiers including PwC, Ernst & Young, Norton Southwark, one of the Rose Fulbright, HG Capital, Montagu Private Equity, News International and most desirable places Zoopla. in central London to both live and work. Southwark has been subject to significant investment with the area being transformed into one of London’s most diverse, dynamic and vibrant locations. The close proximity to the ST PAUL’S River Thames, world-class cultural attractions and amenities, in addition to ALDGATE L C em hea psid unrivalled transport links has made the e Bank of England an area a sought after location for both St Paul’s The Gherkin St r residents and major global occupiers. Cathedral eet BANK Lloyd’s of e t t e a London e g tr s S p ch CITY OF o ur h ch s n i Fe MANSION HOUSE B LONDON Upper Thames St reet FENCHURCH STREET A 3211 MONUMENT CANNON STREET TOWER HILL Lowe r Tha t mes Stree Tate Modern Tower of London Shakespeare’s d RIVER THAMES Ro Globe e g St Katharine d i r S e o B Docks g u t h k d w i r a r rk a B S t w re et h t u o S More A 3 2 London 0 Borough Market 0 r e w o T T One The Shard City Hall o o l LONDON BRIDGE e Tower y t S t e re e Bridge e t r t S h Shad g i H Guy’s Hospital Thames h g u o r o B s T e SOUTHWARK o o Fashion & le m y a S h Textile Museum T B t re d BOROUGH A2198 e e a r t h o S mond d a se G L o o R r n y St e g e a la n g t e r d D i e r o White Cube e B v t e r r e Road Borough S t w A r o Conran Building 2 e 0 e T 0 t A 22 Shad Thames 219 A 8 2 Bermondsey London SE1 Square 6 7 Unrivalled Cultural Setting A Rich History Constructed between 1865 to 1873, Shad Thames was the largest warehouse complex in the UK during Victorian times and housed large quantities of commodities including tea, coffee, spices and Tower Bridge Maltby Street Market More London malt. The proximity to the River Thames and being 5 min Walk 6 min Walk 8 min Walk situated in the heart of central London made it an ideal location for the delivery and distribution of Built between 1886 and 1894, this iconic Opened in 2010, the outdoor street More London has become recognised these products across the country. bridge attracts over 44,000 crossing market has quickly become a popular as a vibrant and exciting destination, per day. weekend destination. attracting ten million visitors per year During the 20th Century the area went into decline with its numerous public events. and in the early 1980’s Sir Terence Conran led the successful bid for the historic site to transform the area into more than one million square feet of retail, cultural, work and living space. The 20 year project involving the renovation and development of six principal Victorian warehouse buildings is recognised as one of the UK’s most significant urban regeneration projects. Today the development at Shad Thames is awash with high-quality waterside restaurants, apartments, offices and cultural space. Bermondsey Street Tower of London Borough Market A historic and 10 min Walk 10 min Walk 12 min Walk Bermondsey Street is one of the oldest A leading UK tourist attraction and London’s oldest artisan food market, cultural hub in the streets in London with a history going centre of historic London. attracting over 4.5 million visitors per back over 1,000 years and today year. the street provides a vibrant mix of heart of London. restaurants and bars. 8 9 Communications The property benefits from excellent transport links, being within a short walking distance from London Bridge, Tower Hill and Bermondsey stations. London Bridge is the fourth busiest station in the UK. London Bridge Station London Bridge has recently undergone a £1 billion redevelopment, significantly increasing the station and rail capacity by up to 40%, bringing approximately 96 million passengers to London each year. As part of the redevelopment a new entrance was created at Tooley Street and opened in 2018. The new entrance is approximately 900 metres from 22 Shad Thames. JUBILEE LINE KING'S CROSS ST. PANCRAS NORTHERN LINE CIRCLE LINE ANGEL DISTRICT LINE NATIONAL RAIL FARRINGDON OLD STREET CROSSRAIL BARBICAN MOORGATE LIVERPOOL STREET MANSION HOUSE CANON STREET BLACKFRIARS EMBANKMENT BANK ALDGATE TEMPLE BOND STREET WESTMINSTER GREEN PARK MONUMENT TOWER HILL ALDGATE EAST WHITECHAPEL RIVER THAMES BERMONDSEY CANADA WATER CANARY WHARF WATERLOO SOUTHWARK LONDON BRIDGE VICTORIA BOROUGH ST JAMES’S PARK ELEPHANT & CASTLE London Bridge is the Conran Building 22 Shad Thames fourth busiest station London SE1 in the UK. More London Riverside 10 11 Description Conran Building was designed by The office accommodation is naturally Hopkins Architects and developed ventilated and finished with exposed in 1991. The property replaced the structural soffits, incorporating original 19th century granary and was recessed light fittings and underfloor comissioned by industrial designer small power provisions. Typical office David Mellor as his headquarters and floors are c. 3,000 sq ft (278.7 sq m) showroom. The building became the and provide open plan accommodation Conran HQ in 1996 and today houses with floor to ceiling heights of 2.7m. the group companies including The The ground floor showroom benefits Conran Shop, Conran + Partners and from a double height entrance and Conran Contracts. leads to a private rear terrace which overlooks St Saviour’s Dock. The six-storey polished concrete frame property has a fully glazed central The top two floors provide an block, flanked by two towers. The impressive split level penthouse building benefits from excellent levels apartment comprising 4,357 sq ft of natural light throughout with full (404.7 sq m). A feature staircase height windows on the front and back links the two floors within a central elevations. The two outer towers are atrium, connecting the spacious constructed of steel panels, creating a living areas. High quality finishes are unique architecturally styled building. provided throughout comprising One tower houses the primary staircore engineered timber or natural stone and lift while the other includes flooring and feature LED spot lighting secondary stairs and ancillary services. throughout. The 4th floor has terrace accommodation at each window, Conran Building is accessed via the with the 5th set back at either end to main entrance on Shad Thames. The form large panoramic roof terraces property benefits from a side entrance with unrivalled views across the River which leads directly to the principal Thames to the rear and over The Shard stair core and lift. There is a garage at the front elevation. The penthouse located at the rear of the building was historically the home of Sir Terence which is accessed via a private road off Conran himself. Shad Thames. 12 13 14 15 Accommodation The Property has been measured in accordance with the RICS Code of Measuring Practice (6th edition) as follows: Area Area Terraces Floor Use (sq ft) (sq m) (sq ft) Net Sales Area Fifth Residential 1,220 113.3 1,802 Fourth Residential 3,137 291.4 180 Sub Total 4,357 404.7 Net Interal Area Third Office 2,975 276.4 Second Office 2,969 275.9 First Office 2,959 274.9 Ground Showroom 2,683 249.3 Lower Ground Storage 462 42.9 Sub Total 12,048 1,119.4 Total 16,405 1,524.1 1,982 Total Area (inclusive of terraces) 18,387 1,708.2 The building further benefits from a 829 sq ft (77.0 sq m) self contained garage. The International Property Measurement Standards Areas (IPMS3) are available upon request.