Retail premises for sale in Tooley Street, London SE1

Offers in region of £1,075,000 (£1,155.91/sq. ft)
Retail premises for sale 930 sq. ft*
Interested in this property? Call +44 20 8033 7751 * or Request Details

* Calls to this number will be recorded for quality, compliance and training purposes.

Property description

Location


The property is located on the southern side of Tooley Street and directly opposite the large More London campus.

The newly redeveloped London Bridge station is approximately 200m to the west and the popular Borough Market and Bankside localities are also within walking distance as is the vibrant Bermondsey Street area.


Description


Comprises a prominent period freehold building with retail over the lower two floors and a one bedroom apartment over first, second and mezzanine floors above.

The retail unit is set over the ground floor and lower ground floor and currently trades as an estate agency. The ground is arranged as the main front open plan sales area whilst the lower ground provides a meeting room and breakout space with WC and tea point.

The residential accommodation is situated over the first, second and mezzanine floors and comprises double height reception room on the second floor with mezzanine above plus galley kitchen with bathroom and bedroom on the first floor, the mezzanine can be used as a second bedroom. Accessed via a separate doorway at front of the property.

The apartment is fitted to a high standard with feature spiral staircase.


Accomodation


The approximate net internal floor areas of the retail unit are :

Ground Floor : 230 sq ft (21.36 sqm)
Lower Ground: 200 sq ft (18.58 sqm)

Overall area of the residential accommodation is approximately 500 sq ft (46.45 sqm).


Tenancies


The retail is let by way of a lease from 28th October 2018 for a term of 10 years, expiring 27th October 2028, with no break options. The lease is on tenant’s full repairing terms for the building, inside the Landlord & Tenant Act 1954.

Current rent is £22,000 per annum with rent review 28th October 2021 and 28th October 2025.

The apartment is let by way of an assured shorthold tenancy with three months’ landlord break notice at £1,841 pcm equating to £22,092 per annum.


Proposal


Freehold for sale subject to the existing tenancy.

Offers in the region of £1,075,000 .

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

Arrange Viewing

For more information about this property, please contact
Field & Sons, SE1 on +44 20 8033 7751 * (local rate)

Contact Field & Sons about this property

Enter details
    Morning (8am-noon)
    Afternoon (noon-5pm)
    Evening (5pm-9pm)
  1. Characters remaining: 500

By submitting this form, you accept our Terms of Use and Privacy Policy. When you click 'Send message''Request valuation', we will pass your personal data to the selected estate agents so that those agents can respond to your request for information or to arrange a viewing. valuation request.

Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Field & Sons, and do not constitute property particulars. Please contact Field & Sons for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

Properties on the market nearby

9 more properties like this

View all SE1 commercial properties for sale