Investment Properties: Borough Place, 16-18 Marshalsea Road, London SE1 1HL
Borough Place, 16-18 Marshalsea Road, London SE1 1HL
OIEO £900,000 subject to contract - Freehold
- Freehold Zone 1 investment / owner occupier opportunity.
- Located in the dynamic Southbank area of London less than 5 minutes-walk from Borough Market and London Bridge Underground Station.
- Situated in a highly prominent position fronting Marshalsea Road within 400ft of Borough High Street & Borough Underground Station (Northern Line).
- A contemporary mixed-use building comprising 2 commercial units and 9 residential apartments.
- 1 commercial unit & 9 residential apartments sold on 999 year leases producing £3,500 per annum.
- 1 commercial unit let on FRI terms producing £50,000 per annum.
- Unit benefits from flexible use classes including A1, A2 & D2.
- Currently let for a term of 5 years from September 2017 with a mutual break option from September 2020.
- Total current passing rent of £53,500 per annum.
- We are instructed to seek offers in excess of £900,000 (Nine hundred thousand pounds), subject to contract.