Part Government let, part vacant office investment

Unique opportunity to acquire a ground and first floor part Government let, part vacant office investment in one of London’s fastest growing and diverse submarkets. Located within 200 metres of Southwark Station and accessible via London Waterloo and Borough Station. Modern, open plan offices providing circa 13,759 sq ft (1,279 sq m) of accommodation arranged over ground and first floor. The vacant ground floor underwent a comprehensive refurbishment in 2023, to provide circa 6,217 sq ft (577 sq m) of modern fitted office space with contemporary exposed services and dedicated, step free access from the street. Part ground and first floor is let to The Secretary of State for Communities & Local Government at a rent of £377,100pa (£50.00 psf) until lease expiry in March 2027. Excellent high yielding asset with future rental growth prospects and asset management opportunities. Held on a Long Leasehold from Legal & General for a term of 150 years from 1st September 2000 at a peppercorn ground rent, providing approximately 127 years term certain.