The building is a 1970’s concrete frame office over lower ground, ground and three upper floors totalling 6,553 sq ft. The ground floor is one halfstorey above street level allowing natural light into the lower ground.
The offices benefit from excellent natural light, generous common parts, good floor to ceiling heights, a regular floorplate and an 8 person lift serving all floors. The building is double glazed and has a central air-handling system that provides tempered fresh air. There is a central gas fired boiler providing heating.
The building has recently been vacated and whilst requiring some redecoration and refurbishment is capable of early occupation by an incoming owner / tenant.
Location
The property lies within the London Borough of Southwark, on the south side of Marshalsea Road, close to the junction with Borough High Street, adjacent to Borough Underground Station. The immediate area consists of office, retail and residential uses.
Accommodation
Set out below are the existing areas, according to the RICS code of measuring practice.
3rd Floor - Existing Areas (NIA) - 130.3 sq m (1,403 sq ft)
2nd Floor - Existing Areas (NIA) - 131.7 sq m (1,418 sq ft)
1st Floor - Existing Areas (NIA) - 130.9 sq m (1,409 sq ft)
Raised Ground - Existing Areas (NIA) - 126.5 sq m (1,362 sq ft)
Lower Ground - Existing Areas (NIA) - 89.3 sq m (961 sq ft)
TOTAL - 608.7 sq m (6,553 sq ft)
Reconfiguring the services and W/C’s in the building as part of a refurbishment will improve the efficiency of the floors and result in the following approximate areas:
4th Floor - Proposed Areas (NIA) - 32.9 sq m (354 sq ft)
3rd Floor - Proposed Areas (NIA) - 138.3 sq m (1,489 sq ft)
2nd Floor - Proposed Areas (NIA) - 139.1 sq m (1,497 sq ft)
1st Floor - Proposed Areas (NIA) - 138.4 sq m (1,490 sq ft)
Raised Ground - Proposed Areas (NIA) - 134.0 sq m (1,442 sq ft)
Lower Ground - Proposed Areas (NIA) - 111.1 sq m (1,196 sq ft)
TOTAL - 693.8 sq m (7,468 sq ft)
Terms
We are seeking offers in excess of £5,000,000 (Five Million Pounds) subject to contract reflecting a capital value of £763 psf.
Specification
- Freehold offices with vacant possession
- 500 metres from London Bridge Station and next to Borough Underground Station
- 6,553 sq ft net internal area and 9,585 sq ft gross internal area
- Potential to reconfigure floors to provide circa 7,468 sq ft NIA
- Potential to add additional floors (subject to planning)
- Capable of early occupation by an incoming owner / tenant
- Offers in excess of £5 million subject to contract and exclusive of VAT, reflecting £763 psf on existing NIA and £670 psf on reconfigured NIA