Courtyard complex of 13 office units located on the west side of Crosby Row within a 3 minute walk of both London Bridge and Borough Underground stations. Constructed in the 1980’s to provide character studio accommodation extending to 25,332 sq ft over ground and three upper floors with six car parking spaces at ground floor level.
Multi-let to 9 tenants over 13 units. Current passing rent of £1,254,014 per annum, which equates to an average rent of £48.38 per sq ft. Weighted average unexpired lease term of 3.1 years to expiry.
Potential to increase net lettable floor area, subject to planning through extension, reconfiguration and infilling of courtyard. Potential change of use to residential, subject to planning.