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Office for sale
7,493 sq. ft*
Freehold Office with residential ground rent from 7 apartments developed in 2018
Located in London's South East borough of Southwark.
Situated less than 10 mins walk from London Bridge, 5 min walk to Bermondsey Street and 10 min walk to Borough Market.
Ground and first floor let to Zwift UK Ltd until 28 Feb 2030 with break option 1 March 2025 on an Fri Lease at £356,000 per annum (£47.50 per sq ft).
In 2020 Zwift raised $450 million to expand its online fitness platform for runners and cyclists.
Two additional floors with 7 apartments sold off on long leasehold basis - ground rent receivable of £2,150 per annum.
Total income of £358,150.
An attractive newly built (2018) self-contained office with accommodation over ground and first floors, forming part of a boutique mixed-use development. The offices have been finished to a full Cat A specification by the vendor and Zwift UK Ltd (tenant) has subsequently carried out highly specified Cat B works on top of this. Both floors are open plan with good natural light and benefit from a private garden on the ground level.
Above the offices are a further three floors containing 7 apartments sold off on long leases whilst retaining the ground rents.
Single-let, freehold office investment
The SE1 area has and continues to undergo extensive regeneration to provide numerous new office buildings and high-quality residential properties. High profile schemes completed over recent years include the major redevelopment of London Bridge station bringing both improved transport and new retail facilities, More London, Bankside, Bermondsey Square and London Bridge Quarter, which includes 'The Shard'.
Recent major creative occupiers include News International, Omnicom, Bouygues UK Ltd and Ogilvy & Mather which has helped form a cluster effect with other smaller creative occupiers. With more traditional occupiers include PwC, Ernst & Young, The ft, Norton Rose Fulbright and The gla headquarters.
Transport links are very good with London Bridge station being within easy walking distance for mainline and Underground (Jubilee and Northern lines) services, together with numerous bus routes. Borough Underground station (Northern line - City branch) is also within a short walk away.
Design House is located on the southern side of Long Lane, close to the junction with Weston Street, within 400m of the popular Bermondsey Street and less than 700m from the vibrant Borough Market.
For more information about this property, please contact Kalmars, SE1 on +44 20 3478 3205 * (local rate)
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