91-93 Southwark Street - Hanover Green

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91-93 Southwark Street London, SE1 9NX

Size 9,687 sq ft - 9,687 sq ft

For Sale £7,000,000

Freehold Office Investment Opportunity

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Specification

Freehold office in core South Bank location.
Prominently positioned in the heart of Southwark Street, close to London Bridge and Southwark Underground stations, a short walk from the River Thames and opposite the Blue Fin Building and Bankside 2 & 3.
Grade A specification with modern exposed services, good ceiling heights, excellent light front and back and extensive outside space including a large communal roof top terrace with outstanding views.
Arranged over lower ground to 4th floors extending to 9,687 sq ft with floor plates of c. 1,500 sq ft.
Single let to well-known architects, Allies & Morrison, until December 2029 (5.25 years unexpired) at a passing rent of £452,188.50 pa reflecting £46.68 psf overall, with a reversionary rent review in June 2025.
Nearby lettings for similar space reflect around £65 to £75 psf+ underpinning a substantial reversion within 9 months.
Substantially under-let, presenting opportunities for surrender discussions with the head tenant and to curate a multi tenanted leasing strategy in a building well-suited to fitted and managed solutions.
Southbank is set to experience strong rental growth ahead of most other central London sub-markets.

Property overview

The property was built in the 1970’s and subject to major refurbishment in recent years.

It is arranged over lower ground, ground and four upper floors. Ceiling heights are generous throughout and full height glazing at front and rear flood the office space with natural light.

91–93 Southwark Street is located in the heart of Southwark’s thriving commercial centre, close to London Bridge station, the 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.