1-3 Cosser Street, London, SE1 7BU

This property comprises a refurbishment of an original industrial building and a new build extension to the side and above, providing a ground floor office of 2,885 sq ft Net Internal Area and 10 flats on the upper parts.

The available office for sale comprises the entire ground floor of the property and is fully self-contained with two entrances off Cosser Street. The specification includes air-conditioning, suspended lighting, kitchen, 3 WCs and a shower. It also benefits from 3 glazed meeting rooms. These are demountable and therefore could be removed.

The office is currently let to a firm of architects. This lease expires January 2027 and they will be vacating. There is potential for them to surrender their lease and vacate earlier. The current rent is £88,000 per annum exclusive. A purchaser could either buy now and benefit from this rent until January 2027 or delay completion until vacant possession at that time.

The office is offered either freehold (with benefit of ground rent income from flats) or on a new 999 year leasehold basis.

Service Charge
Approximatley £1 per sq ft per year

Rates
Rates payable £57,120 for year ending April 2027. Equating to £19.80 per sq ft)