Union Street, London, SE1

LOCATION
The property is located on the western side of Union Street on it's junction with Great Guildford Street and close to it's junction with Southwark Bridge Road. Borough Station (Northern Line) is located 0.3 miles away & Southwark Station (Jubilee Line) is located only 0.4 miles away, numerous bus routes also serve Southwark Bridge Road & Borough High Street connecting the property to central and north London. The immediate area benefits from an abundance of amenities comprising pubs, restaurants, cafes and convenience stores. Borough Market is also 0.3 miles away

LEASE:
A new Fully Repairing and Insuring Lease is available direct from the Landlord, for a term to be agreed.
Alternatively, an assignment or sublease on the existing Lease is also available. The existing Lease expires in July 2025 and is held outside of the Landlord & Tenant Act 1954.

RENT:
£60,000 per annum exclusive.

SERVICE CHARGE:
Currently £2 per sq ft per annum equating to £3,354 per annum.

BUSINESS RATES:
Business rates payable equate to approximately £14,078 per annum. All parties are advised to make their own enquiries with the Valuation Office Agency.

USE:
The property benefits from Class 'E' use and be used for several different uses including
office, medical, retail, leisure etc.

VAT:
The building is registered for VAT which is payable on the rent and service charge.

POSSESION:
The properties are ready for occupation immediately upon completion of legal formalities.

LEGAL COSTS
Each party to bear their own costs.

Viewing:
By appointment only via:

Howard Peterman of Petermans on or


David Raymond of Sint on or


Dan Harris of Sint on or