- Dimensions: 193 m2
A new virtual freehold investment opportunity in the heart of Tower bridge road. This property is available on a virtual freehold of 999 years from the 25th December 1999.
The virtual freehold is over the ground floor only and used as self-contained office space. MPN UK Limited currently occupies the space on a 5-year lease.
The ground floor forms a U shape around the residential entrance and core of the Terracotta Court, there are also two separate entrances into the unit. The premise is in good condition and specification including air conditioning, raised floors and floor-to-ceiling height windows, allowing an abundance of natural light into the unit. The space is primarily open plan, with the exception of a meeting room and a private office on one side.
Location: The property is prominently situated on the busy Tower Bridge road, on the corner where it meets Tanner street. The Property benefits from being highly accessible, with both London Bridge railway station and Bermondsey underground station being under 10 minutes walk away. There are also multiple bus stops in the local vicinity which provide access to areas such as East Dulwich, Russell Square and Liverpool Street. The unit also benefits from multiple local and established retailers being nearby, such as Co-op, Papa Johns and Bermondsey Larder restaurant.
Terms & conditions: A term of 5 years from the 22nd April 2016 at £70,778 per annum exclusive. The property is surrounded by excellent transport links with both London Bridge railway station and Bermondsey underground station being under 10 minutes walk away. There are also multiple buses in the local vicinity which provide access to area s such as Rusell Square, East Dulwich and Shoreditch. The property also benefits from being a short walk away from local and established retailers including
Business rates: We have been advised that as of the 10th April 2019 the rateable value is £66,070 per annum. Interested parties are advised to make their own enquiries of the Local Authority, London Borough of Southwark , for verification of rates payable.
Sale: Offers in the region of £1,325,000 subject to vacant possession.
- London Bridge (0.4 miles)
- London Bridge (0.5 miles)
- Borough (0.6 miles)