Glasshill Studios, King Bench Street, Southwark SE1 0QX

  • Use: Office


NEIGHBOURHOOD
Southwark

LOCAL AUTHORITY
Southwark Council

POSTCODE
SE1 0QX

USE
B1 Office / Sui Generis

SIZE
Ground Floor | 6234 SQ.FT. | 579.16 SQM.

THE SPACE
The premises are situated on the ground floor of this stunning 4 storey purpose-built development, boasting exposed brick elevations with fantastic lead frames windows.

HIGHLIGHTS
• Self-Contained Building
• Good Frontage
• Wood Flooring
• Air Conditioning
• Excellent Ceiling Height

INVESTMENT SUMMARY
• Excellent transport links with Southwark Borough and Waterloo all within walking distance.
• Excellent Local Amenities Within Immediate Area.
• Established Commercial Real Estate Location With Strong Rental Growth Prospects
• Ground Floor Virtual Freehold Within Stunning Purpose-Built Development
• Single Let To Glasshill Studios UK Limited until 22/03/2030 producing £200,000 per annum exclusive, reflecting only £32.08 per sq.ft.
• Estimated rental value of £250,000 per annum, equating £40.10 per sq.ft.

TENURE
A sale of the existing 996 long-leasehold interest.

PRICE
Offers In Excess Of £4,000,000 – Subject To Contract.

NET INITIAL YIELD
4.73%
(Assuming purchasing costs of 5.8%)

REVERSIONARY YIELD
6.25%

CAPITAL VALUE
£641.64 per sq.ft.

VAT
The property has been elected for VAT.

Property Location





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Highlights

  • - Excellent transport links with Southwark Borough and Waterloo all within walking distance.
  • - Excellent Local Amenities Within Immediate Area.
  • - Established Commercial Real Estate Location With Strong Rental Growth Prospects
  • - Ground Floor Virtual Freehold Within Stunning Purpose-Built Development
  • - Single Let To Glasshill Studios UK Limited until 22/03/2030 producing £200,000 per annum exclusive, reflecting only £32.08 per sq.ft.
  • - Estimated rental value of £250,000 per annum, equating £40.10 per sq.ft.
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Interested? Contact Us

Telephone: +44 (0)20 7580 1010
Fax: +44 (0)20 7290 0595
Email: enquiries@ldg.co.uk


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