Berkeley House 5 Station Way London SE18 6NJ United Kingdom

The Ground and First Floors of Berkeley House comprise an attractive, self-contained office unit in the high-quality Royal Arsenal Riverside development in Woolwich, South East London.

The unit provides an excellent opportunity for a range of owner occupiers seeking either fitted office accommodation or space suitable for a range of uses which could include education, leisure, medical or gym purposes. It also offers investors a compelling value-add opportunity.

The unit comprises a combined net internal area of 7,188 sqft (668 sqm) and is arranged across the ground and first floors of Berkeley House.

Berkeley House forms part of the premium Royal Arsenal Riverside development, located close to the River Thames. The development is home to a diverse mix of commercial occupiers and high-end residential accommodation.

The unit is currently occupied by Berkeley Homes and is available with vacant possession.

The unit benefits from excellent connectivity, with the Woolwich Station Elizabeth Line station less than a one-minute walk away.

The unit is held via a long leasehold running coterminous with the head lease which approximately 136 years remaining, at a peppercorn ground rent.

The Ground and First floors of Berkeley House offer strong fundamentals to a purchaser owing to their immediate value-add characteristics, riverside setting with a strong range of commercial offerings and proximity to public transport infrastructure and parking.

PROPOSAL

Our client is seeking unconditional offers in excess of £2,000,000 (Two Million Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of £278 cv psf assuming purchaser?s costs of 6.28%.

Our client will consider leasing the units as one with occupational lease terms sought at a rent of £35.00 psf.