89 Spa Road, Bermondsey, London SE16 3QT
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- To be offered on Wednesday 30th September
- Virtual Freehold Education Investment
- Well located in the heart of Bermondsey
- Let on a lease expiring 2032
- Rent Review 2029
- VAT is applicable (TOGC intended)
- Investment let at £55,000 p.a. (6.9% GIY on Guide Price)
Description
StrapLine
Auction Sale - 29/09/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions websiteVirtual Freehold London Education Investment in the Heart of Bermondsey Let at £55,000 per Annum
Description
The property is arranged over ground floor only to provide a nursery over ground floor
Location
The property is situated on Spa Road in the heart of Bermondsey, a highly sought-after and vibrant South East London district. Bermondsey has undergone extensive regeneration and is now recognised as one of London’s most established mixed-use neighbourhoods, combining residential, office, retail and leisure accommodation. The area benefits from a wide range of amenities including Bermondsey Street, Maltby Street Market, Shad Thames and Tower Bridge, all of which are within easy reach.
The property is conveniently located approximately 0.3 miles from Bermondsey Underground Station (Jubilee Line), providing direct services to London Bridge, Canary Wharf and the West End.
Transport
Underground: Bermondsey Underground Station (Jubilee Line) is approximately 0.3 miles to the south-west, providing direct services to London Bridge, Canary Wharf, Waterloo, Westminster and Bond Street.
Rail: London Bridge Station is within easy reach and provides extensive National Rail services across London and the South East, together with connections to the Jubilee and Northern Underground lines.
Bus: The surrounding area is well served by numerous London bus routes operating along Spa Road, Jamaica Road and Tower Bridge Road, providing convenient access throughout Central London and surrounding districts.
Road: The property benefits from excellent road communications, with Tower Bridge, the A100, A2 and A200 all readily accessible, providing routes into the City, Canary Wharf and the wider motorway network.
Air: London City Airport is approximately 7 miles to the east and offers a range of domestic and international flights.
Tenancy
Let to Strong Tower Education Limited on an internal repairing and insuring(IR&I) lease for a term of 7 years from July 2025 at £55,000 per annum.
The lease provides for a rent review at the 4th anniversary
Accommodation
Ground Floor - 308.24 sq m (3,318 sq ft)
89 Spa Road, Bermondsey, London SE16 3QT
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bermondsey Station0.4 miles
- London Bridge Station0.9 miles
- Wapping Station0.9 miles
Notes
Disclaimer - Property reference 243-24256. 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 Savills Auctions, London. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Savills Auctions, London on 020 3909 6715.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”