206–224A Tower Bridge Rd London SE1 Tower Bridge Quarter Office & Retail Estate Freehold Portfolio Investment Opportunity Tower Bridge Quarter – London SE1 A UNIQUE INVESTMENT OPPORTUNITY CLOSE TO A UNIQUE LANDMARK 1 Tower Bridge Quarter – London SE1 INVESTMENT SUMMARY An attractive terrace of nine period buildings immediately to the south of London’s iconic Tower Bridge. Located in the heart of Southwark, one of London’s most desirable places to live, work and socialise. The buildings are surrounded by some of London’s most iconic heritage assets including; Tower Bridge, The Tower of London, St Saviour’s Dock and Edward III’s Rotherhithe. Constructed in the early 1900s the terrace comprises a total of 39,321 sq ft of offices, retail, restaurants, cafés and bars, accessed from both Tower Bridge Rd and Horsleydown Lane. Total income from the properties is £899,875 pa, equating to an attractive low overall figure of £23 psf. Overall WAULT for the estate is 9.7 years to expiries and 2.4 years to breaks underpinned by longer term income from the restaurant and pub units and a mix of shorter term leases for the shops and offices. The estate offers a number of excellent asset management opportunities with some longer term potential for change of use and redevelopment, subject to the necessary consents. Offers are invited in excess of £17.00m which equates to a Net Initial Yield of 4.92% and a highly attractive Reversionary Yield of 6.97% at a low capital value of £432 psf. 2 Tower Bridge Quarter – London SE1 Borough The London Bridge Hay’s More City Tower Bridge Tower Tower of Butler’s St Katharine Market Shard Galleria London Hall Quarter Bridge London Wharf Docks 3 Tower Bridge Quarter – London SE1 UNRIVALLED Tower Bridge, More London & GLA Building CULTURAL SETTING Tower Bridge Tower of London More London Bridge Theatre Tower of London Built between 1886 and 1894 A World Heritage Site A highly successful 13-acre the world recognised bridge attracting over 2 million commercial development attracts over 44,000 visitors per year. that also hosts numerous crossings per day. public events annually. The GLA Building Borough Market Bermondsey Street Seat of the London London’s oldest artisan food One of London’s oldest streets, government and home to market and one of the most going back over 1,000 years The Mayor of London. diverse locations for fresh food, and now a vibrant mix of café’s, bars and restaurants homes, bars, restaurants anywhere in London. and shops. Borough Market Bermondsey Street 4 Tower Bridge Quarter – London SE1 THE LOCATION The Tower Bridge Quarter has a prominent position on Tower Bridge Road, immediately to the east of City Hall and The More London Estate which is Butler’s Wharf Warehouses home to major local occupiers, including; PWC, Ernst & Young, Norton Rose Fulbright, HG Capital, Montagu Private Equity and News International. Le Pont de la Tour Immediately to the north of The TBQ is Shad Thames which was the largest warehouse complex in the UK in Victorian times. After a long period in decline, in the early 1980’s, it was transformed into over one million square feet retail, cultural, work and living space. The project took 20 years to complete and involved the restoration of six Victorian warehouses which are now high-quality waterside restaurants, apartments, offices and cultural spaces and recognised as one of the UK’s most successful regeneration projects. Shad Thames Butler’s Wharf 5 Tower Bridge Quarter – London SE1 The South Bank More London Camino South Bank The Ivy Tower Bridge London’s South Bank has been one of the city’s most significant areas of regeneration in the last 10 years. It now provides an enviable mix of world-class cultural attractions such as Tate Modern and the Globe Theatre, alongside successful commercial and residential developments including The Shard, itself a global tourist attraction, More London and Potters’ Fields. Tate Modern Borough Market & The Shard The Globe 6 Tower Bridge Quarter – London SE1 e t g e n reet re L a t nhall St Leaden LOCAL ade M h Le S e h C rnhill all St Co m re a ad et w e et ns Ca e re a nnon N Br n e S S ictoria St l t V Street re n l t et S r Quee K e ch t BANK ing e t re ur e t re M OCCUPIERS h e STATION Will St h a t urc rk i h Qu a acec L Mi een Vict r nc oria Street m Fe ane G no S tr Ca r nnon St i ee FENCHURCH STREET es re t s et t BUSINESSES STATION scot Stree 01 Pre Upper Thames Street CANNON STREET 01 PWC 09 Pacific Life East U STATION cheap pper Tha TOWER HILL 02 Ernst & Young 10 Gensler & Associates mes G treet S rea al Mint S tree t STATION Roy 03 Southwark Council 11 e HCA International t Tower dg i St Br re 04 Greater London Authority 12 Kantar Media et Tower Hill 05 WeWork 13 um Duff and Phelps ni Low er Tha en mes l Stre 06 Mazars 14 il Womble Bond Dickinson et M 01 MONUMENT 08 07 Gowling WLG 15 Robert Half E STATION ast 08 Zoopla Property Group 16 Jellyfish Group River Thame Sm 08 14 06 ith e f s g 09 ie d ld ri B n o 05 10 Lond TATE 08 RESTAURANTS & BARSMODERN River Th 14 St Katharine ame Docks 09 s reet 01 The Ivy Sumn10er St Browns 07 S d umn er St reet 02 Gaucho 11 ASK Italian oa R 03 The Coal Shed 12 Upper Crust e 01 Hay’s e ridg 02 B dg 04 Strada 13 The Butler’s Wharf Borough Galleria i r rk 04 Market t B a To 05 The Vault Bar Chop House ee 14 12 w r oley er n Street St 02 gto th Lavin S 02 ow 14 Starbucks u St 01 t re T 06 Watch House G e r T 13 River Thame ea ho t So High 04 t Southwark Stree mas t 15 E The Two Bridges Ale h G 14 07 Temakinho w g 04 More u 07 er il St 15 01 d ou s r London f S House & Kitchen ee or t or Potters r LONDON t 08 Zizzi’s d ee B 14 S Fields 05 t LONDON BRIDGE t 16 16 The Bridge reLounge & BRIDGE et 01 09 Pizza Express 12 STATION Too 03 07 Dining Room STATION le y St 14 11 ree Guy’s t Tower Bridge 13 S Butler’s Hospital Quarter 06 h ad Wharf T 03 ha 08 m HOTELS & GYMS et St ad 09 es 11 Th 16 o om 06 R Stre as 15 10 S ge t ree d t ri High 11 B 01 Fitness First 08 Cheval Three Quays h r g e d a u Br o o w 05 02 Third Space 09 PremierR Inn emonds ge or To d ri B s 03 The Circle Gym & Spa 10 LondonB Tower Bridge e k m ar T a w o h o h Apartments l T 04 Hilton ey ut e y 03 d So S 10 a 11 Tooley Street Street tr h 05 The Dixon Hotel BOROUGH Druid ee S Apartments 12 t 06 The Lalit Hotel STATION Street 12 Gate House Apartments Market 07 The Tower Hotel 09 7 Tower Bridge Quarter – London SE1 TOWER HILL BANK 11 minute walk CITY TRANSPORT 15 minutes AIRPORT CONNECTIONS 36 minutes The buildings are approximately 8 minutes’ walk from London Bridge and Bermondsey stations on The FENCHURCH TOWER Southbank and 10 minutes from Tower Hill and Tower STREET GATEWAY Gateway on the north side of Tower Bridge. 13 minute walk 10 minute walk London Bridge has recently undergone a £1 billion regeneration which has increased station and rail capacity by up to 40% and now brings approximately 96 million passengers into London annually. As part of the redevelopment, a new entrance was BOND CANARY created on Tooley street which brought access to the STREET WHARF station much closer to Tower Bridge Quarter. 26 minutes Tower Bridge 18 minutes Quarter LONDON BRIDGE BERMONDSEY 9 minute walk 12 minute walk CANADA WATERLOO BOROUGH WATER 19 minutes 16 minute walk 14 minutes Walking Public Transport Source TfL 8 Tower Bridge Quarter – London SE1 THE BUILDINGS Tower Bridge Quarter is a terrace of nine individual buildings constructed in a combination of brick, timber and steel frame construction over four floors. Principal access to the retail and office floors is from Tower Bridge Rd, but each building has a separate access from Horsleydown Lane, also at ground floor level. 9 Tower Bridge Quarter – London SE1 PROPERTY OVERVIEW 224A Tower Bridge Road 3,337 sq ft NIA (310.0 sq m NIA) 4,325 sq ft GIA (401.8 sq m GIA) 222 Tower Bridge Road 4,138 sq ft NIA (384.4 sq m NIA) 220 Tower Bridge Road 4,140 sq ft NIA (384.6 sq m NIA) 218 Tower Bridge Road 3,239 sq ft NIA (300.9 sq m NIA) 5,445 sq ft GIA 216(505.9 Tower sq m GIA)Bridge Road 3,287 sq ft NIA (305.4 sq m NIA) 214 Tower Bridge Road 2,343 sq ft NIA (217.7 sq m NIA) 2nd Floor 3,784 sq ft GIA (351.5212 Tower sq m GIA) Bridge Road 2,889 sq ft NIA (268.4 sq m NIA) 210 Tower Bridge Road 2,931 sq ft NIA (272.3 sq m NIA) 206-208 Tower Bridge Road 1st Floor 4,273 sq ft NIA (397.0 sq m NIA) 8,382 sq ft GIA (778.7 sq m GIA) Ground Floor Lower Ground Floor 224A 222 220 218 216 Tower Bridge Road214 212 210 Office Retail 206-208 Restaurant / Pub Queen Elizabeth Street 10 Tower Bridge Quarter – London SE1 VIRTUAL TOURS Click on a link below to view a Virtual Tour of the relevant building: 224A Tower Bridge Rd 222 Tower Bridge Rd 220 Tower Bridge Rd 218 Tower Bridge Rd 216 Tower Bridge Rd All Floors G & LG 1st & 2nd G & LG 1st & 2nd All Floors G & LG 1st 2nd Floors Floors Floors Floors Floors Floor Floor 214 Tower Bridge Rd 212 Tower Bridge Rd 210 Tower Bridge Rd 206-208 Tower Bridge Rd All Floors G & LG 1st & 2nd G & LG 1st & 2nd All Floors Floors Floors Floors Floors 11 Tower Bridge Quarter – London SE1 THE OFFICES 12 Tower Bridge Quarter – London SE1 THE OFFICES The offices are located at first and second floor levels which range in size from around 500 sq ft to 950 sq ft.