The premises consist of a ground-floor lock-up shop with basement storage.
Location
Located in the SE1 area of London, is situated near the famous Tower Bridge, a key landmark in the city. The surrounding area is a mix of residential and commercial buildings, with a vibrant atmosphere typical of the SE1 postcode. This district is known for its proximity to the River Thames, offering scenic views and easy access to iconic attractions such as Tower Bridge itself and the nearby Tower of London.
The road is lined with a mix of modern offices, retail spaces, cafes, and residential properties, reflecting the diverse nature of the SE1 area, which blends historic charm with modern development. It is also a well-connected area, close to major transport hubs like London Bridge Station & Borough stations, which provide access to National Rail services, as well as the London Underground. The nearby Bermondsey and Borough districts also offer a range of dining, shopping, and cultural experiences.
Accommodation
Frontage - 12.05 ft (3.7 m)
Shop depth - 38.16 ft (11.6 m)
Shop area - 524 sq. ft (48.1 sq.m)
Basement area - 377 sq. ft (35.1 sq.m)
WC at rear of the shop
Terms
Tenure: New lease for a term of 12 years with 4 yearly rent reviews
Rent: Offers are sought in the region of £22,000 per annum exclusive
Use: It has E Class planning permission, suitable for a wide range of retail, office, medical and leisure uses.
Rates: We have been advised by the Local Rating Authority that the premises are currently assessed as follows:
Rateable value £14,500
Multiplier 0.499
Rates Payable £7235.50 pa
(n.b small business relief may be available, contact Southwark Council for verification)
Legal Costs: The incoming tenant is to pay towards the landlord legal costs of £1500 + VAT
Reference & Credit Checks: A charge of £350 + VAT may be payable for taking up references on behalf of proposed tenants, this fee is non-refundable after the references have been taken up, whether or not they are accepted by the Landlord.
Holding Deposit: Tenants wishing to secure this property may be required to pay a holding deposit to Countrywide Commercial of £2000. This deposit is not refundable except if the vendor withdraws, clear title cannot be proven or the tenant’s references, AML, and Credit checks are not acceptable to the landlord. This deposit is held in our client’s account until completion.
EPC: Available Upon Request
Specification
- Shop & Basement Areas
- Shop – 524 sq. ft / 48.8 m2
- Basement – 377 sq. ft / 35.1 m2
- Highly Prominent Unit
- Very Busy Location
- E Class Use
- New Lease Available
- £22,000 pax