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Contemporary Studio Style Office for Sale or to Let

GROUND FLOOR, 166A TOWER BRIDGE ROAD LONDON SE1 3LZ
Office
Rent
Price

The rent is £52,000 per annum

LOCATION


The premises are prominently located on Tower Bridge Road, close to the junction with Tanner Street and just to the east of the popular and vibrant Bermondsey Street. 


The immediate local area provides high quality residential property with numerous office and retail buildings together with bars, cafes and restaurants. The redeveloped London Bridge mainline and underground stations with new entrance/exit on St Thomas Street is within a short walk, as are the high profile schemes at 'morelondon', 'Bermondsey Square' and 'The Shard'.


DESCRIPTION


Comprises a modern studio style self-contained office on the ground floor with own entrance in this mid-terrace attractive period former warehouse building.


Arranged as a main open plan office plus galley style kitchen, storage/server room, separate male and female w.c.s and shower.


Benefits from dual office and retail use (not cooking).

ACCOMODATION


Approx. 1,275 sq ft (118.45 sqm) NIA.


AMENITIES


  • Air Conditioning 
  • Central Heating 
  • Suspended linear LED lighting
  • Solid wood flooring
  • Underfloor data and power with floor boxes
  • Windows front and rear, giving excellent natural light
  • Security shutters


PROPOSAL


The unit is offered for sale by way of the existing long leasehold for 999 years from December 2002 at a ground rent of £150 pa doubling in 2035 and every 35 years thereafter. Offers are sought in the region of £975,000.


OR


To let by way of a new commercial lease on terms by arrangement. Rent £52,000 per annum, exclusive of all outgoings.

VAT applicable to price and rent.

BUSINESS RATES


Approximately £8,000 payable for the year 2021/22 (the Rateable Value being £17,000).


SERVICE CHARGE


Approx. £1.44 per sq ft per annum.


ENERGY PERFORMANCE


Was Band C, new EPC to be assessed.