Investment Properties: Unit A, Borough Place, 16-18 Marshalsea Road, London SE1 1HL

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Unit A, Borough Place, 16-18 Marshalsea Road, London SE1 1HL

Offers in the region of £825,000 subject to contract - Freehold

  • Opportunity to acquire a commercial investment in Zone 1 of Central London.
  • 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).
  • Long leasehold for 999 years from completion.
  • Ground floor comprising 1,310 sq ft (121.7 sq m).
  • Unit benefiting from flexible use classes including A1, A2 & D2.
  • Currently let to a martial arts studio for a term of 5 years from September 2017 with a mutual break option from September 2020.
  • Producing £50,000 per annum (£38.17 per sq ft).
  • We are instructed to seek offers in the region of £825,000 (Eight hundred and twenty five thousand pounds), subject to contract.
  • This reflects a Net Initial Yield of 5.75%, based on purchasers’ costs of 5.53%, and a Capital Value of £630 per sq ft.
  • Freehold available by separate negotiation to include ground rent income of 9 residential units and a further commercial unit.