95 Southwark Street - Hanover Green

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95 Southwark Street London, SE1 0HX

Size 16,864 sq ft - 16,864 sq ft

For Sale £11,250,000

Freehold Office Investment Opportunity

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Specification

Freehold office in core South Bank location.
Highly prominent corner position at the junction of Southwark Street and Great Suffolk Street opposite the Blue Fin Building, Bankside 2 & 3 and close to Bankside Yards.
Located a short walk from Southwark Underground and London Bridge stations and 3 minutes from the Tate Modern and the River Thames.
Grade A specification with modern exposed services, good ceiling heights throughout, excellent natural light from three elevations and generous terraces on the 2nd and 5th floors.
Arranged over lower ground to 4th floors extending to 16,695 sq ft with floor plates of c. 2,600 sq ft.
Multi let to 6 tenants with WAULTs of 2 years to expiries and 1.4 years to breaks.
End of journey facilities include showers on multiple levels and cycle storage in the basement.
Current passing rent of £911,997 pa reflects just £54.07 psf overall.
Multiple lease events occurring to June 2027, presenting opportunities to re-gear existing leases and establish a new rental tone for the building.
Nearby lettings reflect £65 to £75 psf+ and floor plate sizes are ideal for creating fitted and managed leasing solutions and pushing rents much higher.
South Bank is set to experience strong levels of rental growth ahead of most other central London sub-markets.

Property overview

The property comprises a converted Victorian warehouse with frontages to two well known Southwark streets.

It is arranged over lower ground, ground and 4 upper floors and has been subject to significant floor by floor refurbishments in recent years and now provides high quality Grade A space. Floor to ceiling heights are generous throughout and large window openings on three elevations provide high levels of natural light.

There are generous terraces on the 2nd and 5th floors.

95 Southwark Street is located in the heart of Southwark’s thriving commercial centre, close to London Bridge station, Tate Modern, Borough Market and Shakespeare’s Globe theatre.

The area is rich in history and one of London’s leading live performance venues for theatre, arts and music. This is supported by a thriving food and beverage scene encompassing everything from bustling street food to world-famous Michelin starred restaurants.