Office for sale

122-126 Tooley Street, London, SE1

Offers in Excess of £5,500,000

Property Description

Commercial information

  • Use class orders: B1 Business

Key features

  • Income-producing office investment in a sought-after South Bank location
  • Located close to London Bridge Station
  • Opposite More London and the historic Pool of London
  • Two commercial offices totalling 5,105 sq ft
  • Attractive investment opportunity with future growth
  • 999 year long leasehold interest for sale
  • Offers invited in excess of 5.5m
  • A sale at this level produces a net initial yield of 4.34%, assuming purchaser's costs of 6.8%
  • A sale at this level will reflect a capital value of 1,077 per sq ft

Full description

Location

The building is situated on the south side of Tooley Street, opposite the prestigious More London development and within minutes of London Bridge Station.

The immediate area has a rich and interesting history. From the 18th Century, this part of the South Bank played an important part in London's commerce and was known as London's Larder or The Pool of London.

In more recent times the area has been transformed to a mixed-use business district, and is also home to the Mayor of London.

Occupiers

Price Waterhouse Cooper
Red Bull
Greater London Authority & Mayor's Office
Ernst & Young
White Cube Gallery
Ogilvy & Mather
Zopa
Blue Ribbon
Harper Collins

Transport Links

Tooley Street is extremely well connected to National Rail Network and London Underground Services from London Bridge Station.

Journey times from London Bridge station:

Bank: 1 minute
Canary Wharf: 6 minutes
King's Cross St Panras: 10 minutes
Oxford Circus: 12 minutes
Heathrow Airport: 41 minutes

Description

122-126 Tooley Street was built in 2005 and comprises commercial offices on the ground and first floors, 14 residential apartments on the upper floors as well as basement car parking.

The ground floor office was comprehensively refurbished in 2016 and the first floor offices have been in the same occupation since 2006.

The offices provide the following amenities:

Comfort cooling system
Raised floors
Stylish lighting
Good natural daylight
Demised W/C facilities
Passenger lift

The residential apartments are accessed via their own self-contained entrance, which is also served by a passenger lift to all floors, including the basement car park.

Approximate Floor Areas

Ground floor office 1,975 sq. ft.
First floor office 3,130 sq. ft.
Total 5,105 sq. ft.

Planning

The building is situated within the London Borough of Southwark. The building is not listed but it is located within the Tooley Street Conservation Area.

The long leasehold is for 999 years from 25.03.2001, expiring on 24.03.3000.

It is registered under the title number TGL277794.

This falls within the boundary of the freehold title, SGL378704, and outlined to the right.


More information from this agent

Nearest stations

  • London Bridge (0.2 mi)
  • Monument (0.5 mi)
  • Tower Hill (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Anton Page LLP, Commercial

21 Peartree Street London EC1V 3AP

020 8012 4914 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Anton Page LLP, Commercial

21 Peartree Street London EC1V 3AP

020 8012 4914 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • London Bridge (0.2 mi)
  • Monument (0.5 mi)
  • Tower Hill (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Anton Page LLP, Commercial

21 Peartree Street London EC1V 3AP

020 8012 4914 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 122-126Tooley. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Anton Page LLP, Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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