Investment Sold

Offices Rental Lease London Tower Bridge Quarter SE1 London Offices

Offices Rental Lease London Tower Bridge Quarter SE1

Tower Bridge Quarter, Southwark, SE1

On behalf of the City of London Corporation, we are instructed to sell the freehold of Tower Bridge Quarter a 40,000 sq.ft. mixed use estate close to the iconic landmark of Tower Bridge.

Type: Sales

London Bridge Station (8 Minutes Walk)

Tower Gateway (9 Minutes Walk)

Tower Hill (10 Minutes Walk)

Monument (15 Minutes Walk)

Arrange a Viewing

Arrange a viewing

More Information

For further information contact

Tom Boggis

Ben Hodder

Fred Pope

Information
Map
Downloads
Virtual Tour

Information

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, cafes 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.

Available Units

Further Details

For information on other investments and asset management potential please contact Tom Boggis or Ben Hodder for arranging access to the data room.

Map

Downloads

Brochure Initial Architectural Ideas Site Plan Rotation

Virtual Tour

Arrange a Tour

A niche real estate advisory practice with its focus on the City of London Markets.

Over 25 years of well-informed, independent advice, a broad range of skills to solve the most complex problems, and a truly personal service is what distinguishes us from the larger practices.

14 Austin Friars, City of London, EC2

14 Austin Friars is an attractive Grade II listed building with a café on the ground floo...

View Office

6-7 Queen St, City of London, EC4

The available accommodation 6-7 Queen St, City of London, EC4 is an office suite located o...

View Office

68 Cornhill, City of London, EC3

68 Cornhill is arranged over lower ground, ground and five upper floors, providing high qu...

View Office

1 London Wall, London, EC2

The property provides newly refurbished office space over lower ground, ground and 5 upper...

View Office