Investment Opportunity, 9 Albert Embankment, Lambeth, SE1 7HG

The offices are arranged on the first floor and have been fitted out to a high standard. They are currently let to two tenants and benefit from raised floors, metal ceiling, LG3 compliant lighting and air conditioning.

Location

Salamanca Square is a mixed use scheme comprising commercial and residential accommodation. The commercial elements of the scheme comprise offices on ground and first floor at the rear together with retail units to the front elevation. Numerous bars and restaurants are located along Albert Embankment to the west and further retail facilities are provided along Kennington Road to the east. The property is situated within the Vauxhall Nine Elms Regeneration Zone (VNEB), which comprises 450 acres between Battersea Park and Lambeth Bridge. The area is undergoing a spectacular transformation including major residential led schemes along with new occupiers such as the American Embassy.

Accommodation

The available floor is arranged as follows: -
1st Floor North - (6,249 sq ft) 580.53 m2
1st Floor South - (2,004 sq ft) 186.17 m2
Total - (8,253 sq ft) 766.70 m2

Terms

Price
We are seeking offers of £XXX for the freehold interest, subject to contract and exclusive of VAT. This will show a net initial yield of 5.38% after taking account of standard purchasers costs of 5.8%.
Tenure/Longleasehold
The premises are held on a long lease dated the 28th February 2005 for a term of 999 years. The premises are subject to a ground rent of £XXX per annum.
Rent
The net rent is £XXX per annum (£XXX per sq ft).

Specification

• Air-conditioning
• Kitchenette
• Raised floors
• Disabled access
• Landscaped courtyard
• Passenger lift
• LG3 compliant lighting
• 8 car parking spaces