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Vacant former Victorian tea warehouse (value-add)

London, United Kingdom

69%

£16.000.000

Office

#35411

Value-Add

6 Dec 2024

Property Details

Broker

For sale

44,724 sq.ft.

4,155 m²

NIA

357.75 £/sq.ft.

3,850 £/m²

Freehold

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

A rare opportunity to acquire a prominent London office scheme, close to London Bridge, with implemented planning to create 44,724 sq ft of best-in-class accommodation. Producing 44,724 sq ft of net lettable area across lower ground, ground and six upper floors. 1,755 sq ft of terraces over three floors providing stunning views across the London skyline. Fully electric, net zero building. Potential delivery in 2026/27 coincides with supply shortfall. Sustainability focused scheme targeting: EPC A, BREEAM Excellent. Current building provides 41,343 sq ft arranged over basement, ground and five upper floors. Offered with full vacant possession. De-risked scheme, with fully implemented planning consent and designed to RIBA Stage 4. Existing building has change of use potential (Subject to Planning).