Hanover Green Lists Freehold For Sale in Prime Southwark
March 22, 2022
Hanover Green are delighted to bring to market 2 Cathedral Street, SE1. The salient details are highlighted below:
- Freehold
- Highly prominent corner building overlooking Southwark Cathedral
- Excellent location adjacent to Borough Market, close to the banks of the Thames and 3 minutes from London Bridge Station
- Concrete framed office building arranged over ground and 5 upper floors totalling 6,439 sq ft (598.2 sq m)
- Let for almost 8 years to Simon Harrison Ltd who are rated 1A by Dun & Bradstreet
- Significant local regeneration includes Borough Yards, Minerva House, Liberty of Southwark and Colechurch House
- Current passing rent is £332,000 pax reflecting £51.56 psf overall
- Valuable rent review in December 2024
- Offers are invited in excess of £5.66m (Five million, six hundred & sixty thousand pounds) reflecting a 5.5% net initial yield and a capital value of £879 psf after acquisition costs