24-50 Ossory Road, Bermondsey
London, SE1 5AN
A rare freehold opportunity to acquire an ultra-prime modern single let trade counter/industrial warehouse in a central London location.
Well located in the London Borough of Southwark, approximately 3 miles south of Central London, the premises is configured as two industrial units utilised by a single tenant, totalling 22,991 sq ft GIA.
There is currently 1.5 years to the first break option and 9.5 years to expiry. The site also has potential for residential redevelopment, subject to obtaining consents.
We are instructed to seek offers in excess of £8,875,000 (Eight Million, Eight Hundred and Seventy Five Thousand Pounds) subject to contract and exclusive of VAT, which reflects a capital value of £386 per sq ft and a Net Initial Yield of 3.25%, assuming purchaser’s costs of 6.68%.
For further information, please contact Levy Real Estate.