91-93 Southwark St | London SE1 0HX
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91-93 Southwark St
London SE1 0HX
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Freehold office in core South Bank location
- Grade A specification with modern exposed services
- Prominently positioned in the heart of Southwark Street, close to London Bridge and Southwark Underground stations, a short walk from the River Thames
- Arranged over lower ground to 4th floors extending to 9,687 sq ft with floor plates of c. 1,500 sq ft
EXECUTIVE SUMMARY
The property was built in the 1970’s and subject to major refurbishment in recent years. It is arranged over lower ground, ground and four upper floors. Ceiling heights are generous throughout and full height glazing at front and rear flood the office space with natural light.
Offers are invited in excess of £7 million for the freehold interest, reflecting a net initial yield of 6.05% (assuming purchaser’s costs of 6.80%) and a low capital value of £723 psf, subject to contract.
Offers are invited in excess of £7 million for the freehold interest, reflecting a net initial yield of 6.05% (assuming purchaser’s costs of 6.80%) and a low capital value of £723 psf, subject to contract.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Tenure
Freehold
Building Size
9,687 SF
Building Class
B
Year Built/Renovated
1975/2015
Price
£7,000,000
Price Per SF
£722.62
Net Initial Yield
6.05%
NOI
£423,500
Percent Leased
100%
Tenancy
Multiple
Number of Floors
6
Typical Floor Size
1,615 SF
Building FAR
2.47
Lot Size
0.09 AC
AMENITIES
- 24 Hour Access
- Accent Lighting
- Basement
- Recessed Lighting
- Air Conditioning
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