54 BOROUGH HIGH STREET LONDON BRIDGE LONDON SE1 1XL www.fieldandsons.biz 020 7234 9639 COMMERCIAL DEVELOPMENT OPPORTUNITY MODERN GROUND FLOOR OFFICE FOR SALE WITH CONSENT TO EXTEND 208 BERMONDSEY STREET, LONDON SE1 3TQ EXISTING 1,044 SQ FT (96.9 SQM) CONSENTED 3,010 SQ FT (279.6 SQM) KEY POINTS • Existing office let to January 2022 at £41,760 per annum (excl.). • Recent planning granted to create lower ground and alterations to provide three individual units. • Planning widened to include A1/A2 retail use for the front unit • Located on the popular and vibrant Bermondsey Street • Close to the redeveloped London Bridge station • Of interest to developers, investors and owner/occupiers 208 BERMONDSEY STREET LONDON SE1 LOCATION The property is prominently located fronting the vibrant and popular Bermondsey Street. The immediate local area has and continues to undergo extensive redevelopment to provide high quality residential property and numerous new office buildings together with various other bar and restaurant facilities. The redeveloped London Bridge mainline and underground stations with the new entrances on St Thomas Street are within a short walk, as is the large 'morelondon' campus, the regenerated Bermondsey Square and the 'Shard' at London Bridge. DESCRIPTION The existing accommodation comprises a modern ground floor office arranged as open plan accommodation plus kitchen point and two w.c.s. The specification includes heating cooling cassettes, suspended ceiling with recessed panel lighting, perimeter trunking and fully carpeted. Excellent natural light by way of the fully glazed street frontage and further windows at the rear. DEVELOPMENT POTENTIAL Planning has recently been obtained (ref. 19/AP/5500) to extend into lower ground level EXISTING GROUND FLOOR PLAN and reconfiguration of the ground floor to create three self-contained office units, with the front unit also in addition now having A1/A2 retail use. GROSS INTERNAL AREAS FOR THE CONSENTED SCHEME Unit 1 (B1/A1/A2) Ground Floor 441 sq ft (41 sqm) Lower Ground 825 sq ft (76.6 sqm) Total 1,266 sq ft (117.6 sqm) Unit 2 (B1) Ground Floor 431 sq ft (40 sqm) Lower Ground 402 sq ft (37.4 sqm) Total 832 sq ft (77.4 sqm) Unit 3 (B1) Ground Floor 56 sq ft (5.2 sqm) Lower Ground 855 sq ft (79.4 sqm) Total 911 sq ft (84.6 sqm) Overall Total 3,010 sq ft (279.6 sqm) 208 BERMONDSEY STREET LONDON SE1 CONSENTED GROUND FLOOR CONSENTED LOWER GROUND EXISTING TENANCY The office is currently let until January 2022, however it may be possible to obtain possession in advance by mutual agreement. Rent : £41,760 per annum, exclusive. Business Rates : £17,090.75 payable for the year 2020/21. Service Charge : £2,579 per annum EPC : Rating 108 (Band E) VAT : Applicable to rent and service charge 208 BERMONDSEY STREET LONDON SE1 LOCATION PLAN PROPOSAL For sale by way of a new 999 year long leasehold with a ground rent of £650 per annum. PRICE £950,000. VAT Applicable to the purchase price. FURTHER DETAILS Via Joint Agents Field & Sons Commercial Nigel Gouldsmith or Ben Locke 020 7234 9639 [email protected] Kalmars Commercial Anthony Carter 020 7403 0600 [email protected] IMPORTANT NOTICE The Joint Agents for themselves and for their clients of this property whose agents they are give notice that: 1) These particulars are set out as a general outline only for the guidance of intending purchasers/tenants and do not constitute part of any offer or contract. 2) All descriptions, dimensions, references to conditions and necessary permissions for use and occupation and other details are given without responsibility and any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them. 3) No person in the employment of The Joint Agents has any authority to make or give any representation or warranty whatsoever in relation to this property. .