Commercial property for sale in Marshalsea Road, London SE1

Description

Comprises a self-contained corner ground floor unit with own entrance from street level, forming part of this attractive modern mixed-use building with residential apartments above.

Unit A is let to a Jiu Jitsu school and is arranged as a main open plan space with storage rooms, changing room and shower plus w.c.s around the perimeter.

The overall approximate floor area is 1,310 sq ft (121.7 sqm).

Location

Located on the northern side of Marshalsea Road, just to the west of the junction with Borough High Street and within 125m of Borough Underground station (Northern line). The redeveloped London Bridge station is also within a short walk and the property is close to the popular Borough Market and the various attractions of the Bankside locality.

The surrounding area is a highly popular residential, business and tourist locality; with extensive recent developments providing a vibrant mix of restaurants, bars, offices and apartments.

Terms

Tenancy

The property is let to Carpe Diem bjj Ltd for a term of five years from 14th September 2022 at a rent throughout the term of £55,000 per annum, exclusive of all outgoings.

There is a rolling mutual break option from 14th September 2024 on giving not less than six months prior notice.

Tenants full repairing terms within the demise.

The permitted use is as a dojo and mixed martial arts facility within Use Class E(d) or retail use within Use Classes E(a) and E(c) or offices within Use Class E(g).

Lease is outside the Landlord & Tenant Act.

Carpe Diem bjj Ltd were established in November 2016.

Proposal

The unit is offered for sale by way of a new 999 year leasehold with a peppercorn ground rent

Offers are sought in the region of £785,000.

This reflects a gross initial yield of 7%.

VAT is applicable.

Availability_Text

The accommodation comprises the following areas: