Glasshill Studios, King Bench Street, Southwark SE1 0QX
B1 Office / Sui Generis
Ground Floor | 6234 SQ.FT. | 579.16 SQM.
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.
• Self-Contained Building
• Good Frontage
• Wood Flooring
• Air Conditioning
• Excellent Ceiling Height
• 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.
A sale of the existing 996 long-leasehold interest.
Offers In Excess Of £4,000,000 – Subject To Contract.
NET INITIAL YIELD
(Assuming purchasing costs of 5.8%)
£641.64 per sq.ft.
The property has been elected for VAT.