No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Offers in region of£1,200,000
Added > 14 days

Mixed use for sale

Tooley Street, London SE1
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Mixed use
0 bed
0 bath
3,981 sq ft / 370 sq m

Property description & features

  • Opportunity to purchase the freehold building arranged over lower ground, ground and four upper floors
  • Upper floors will be sold with vacant possession
  • Situated in a prominent position on Tooley Street, a short walk from London Bridge Station and a 10 minute walk from Borough Market
  • Outstanding opportunity that would appeal to a variety of buyers due to the property’s sought after location and potential for refurbishment or development (subject to planning)
  • Total net internal area of 3,981.44 Sq.ft (369.89 sq.m)
  • Ground floor and lower ground floor lease expires in 2029 paying a rent of £40,000
  • Quoting offers in region of £1,500,000

Overview

The property comprises a building of masonry construction arranged over six floors including the lower ground and ground floor.

The property provides retail accommodation on the ground floor and lower ground floor with office accommodation on the first, second, third and fourth floors. The ground floor and lower ground floor retail unit, currently let to a hospitality business is mainly open plan with seating, kitchen and storage towards the rear of the property. The remaining elements of the first, second, third and fourth floors comprise open plan configuration and benefit from excellent natural light and high ceilings.

The property provides retail accommodation on the ground floor and lower ground floor with office accommodation on the first, second, third and fourth floors.

Location

128 Tooley Street benefits from excellent transport links and is very well connected with the newly redeveloped London Bridge Station a few minutes’ walk away. Also located within close proximity to local bus routes and London Underground stations.

The building is within a 10-minute walk of Borough Market, Butlers Wharf, Bermondsey Street and Maltby Street Market providing a variety of restaurants, street food, bars and cafes, the property also sits opposite the Unicorn Theatre.

Accommodation

The retail unit has been measured in accordance with the 6th edition of the RICS Code of Measuring Practice and provide the following net internal areas:

Lower Ground Floor: 992.43 ft² (92.20 sq.m)

Ground Floor: 893.94 ft² (83.05 sq.m)

First Floor: 909.65 ft² (84.51 sq.m)

Second Floor: 487.06 ft² (45.25 sq.m)

Third Floor: 446.70 ft² (41.50 sq.m)

Fourth Floor: 251.66 ft² (23.38 sq.m)

TOTAL: 3,981.44 ft² (369.89 sq.m)

Tenancies

128 Tooley Street is let on a 21-year lease from 26 March 2008, expiring on and including 26th March 2029. The lease has a current passing rent of £40,000 pa. 

Price

Quoting offers in the region of £1,500,000 (One Million Five Hundred Thousand Pounds) for the freehold, subject to contract and excluding VAT.


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    Broadband availability and predicted speed

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    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

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    Mobile phone signal availability and predicted strength: obtained from Ofcom on July 18, 2022

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    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

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