EBBARK HOUSE BOROUGH HIGH STREET LONDON SE1 FREEHOLD OFFICE REFURBISHMENT/DEVELOPMENT OPPORTUNITY FOR SALE

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1 FREEHOLD OFFICE REFURBISHMENT/DEVELOPMENT OPPORTUNITY FOR SALE

2 SUMMARY Freehold office building arranged over lower ground, ground and three upper floors Comprising approximately 530 sq m (5,705 sq ft) NIA of B1 office accommodation Prime SE1 location on Borough High Street Located approximately 150m from London Bridge and Borough Underground Stations Significant asset management and development opportunities Potential to create additional NIA (subject to necessary consents) Plans available upon request for proposed 687 sq m scheme (7,395 sq ft NIA) Vacant Possession available upon completion Seeking offers in excess of 4,000,000 for the freehold interest which equates to 742 per sq ft

3 CANNON STREET CITY OF LONDON BOROUGH MARKET NEWS INTERNATIONAL HQ THE SHARD MONUMENT LONDON BRIDGE EBBARK HOUSE

4 LOCATION The building is located in the London Borough of Southwark on the east side of Borough High Street close to its junction with Southwark Street. Borough High Street comprises a mix of shops, offices, restaurants, bars and residential accommodation. To the north of the property lies Borough Market, a major London tourist attraction, which adds to the area s already considerable tenant appeal. The property is highlighted in red, for identification purposes only, on the adjacent location plan. CONNECTIVITY The Zone 1 location benefits from excellent transport links with London Bridge (Jubilee and Northern Line) and Borough (Northern Line) underground stations located equidistance to the north and south of the property. London Bridge station (National Rail) also provides access to various destinations in London, Kent and Surrey. Borough High Street similarly benefits from a number of local bus routes that provide access to the City of London to the north and various locations to the south. Access to the river boat services are available from London Bridge Pier and Bankside Pier which provide an alternative method of transport across London. Summer Street Great Guildford Street B30 0 Union Street Copperfield Street Southwark Bridge Road Great Suffolk Street A3201 A300 Southwark Bridge Road A3200 Southwark Street Ayres Street O Meara St B300 Union Street Redcross Way M arshalsea Road Borough A3 A2 Great Dover Street Borough High Street Tabard Street Newcomen Street A2198 A3 London Bridge Guy s and St. Thomas Hospital Crosby Row Long Lane London Bridge A200 Duke Street Hill London Bridge A200 St. Thomas Street Snowsfields Weston Street A200 Tooley Street Bermondsey Street Leathermarket Street Trinity Street Pilgrimage Street A3202 Borough Road TRANSPORT TIMES BY RAIL Gatwick Airport 40 mins Bank (City of London) 5 mins London Heathrow Airport 65 mins London City Airport 25 mins Bond Street 10 mins Luton Airport 60 mins

5 SOUTHWARK OFFICE MARKET Southwark has one of the lowest vacancy rates in central London, with strong demand for B1 office accommodation and very low supply, and is increasingly popular with the creative industries. These sectors now dominate current demand, which arises from the location s competitive occupational costs, proximity to the City and thriving local amenities. Media and Tech demand in 2014 accounted for 45% of Southwark take-up. Within the local area major corporate occupiers include: News International Ernst & Young HSBC Lloyds TSB United Business Media London Fire Brigade HCA Kaplan Financial IPC Media RBS Financial Times OFCOM Southwark Council KPMG LOCAL REGENERATION Borough High Street is due to benefit from the Elephant and Castle and Bermondsey Spa regeneration projects. The regeneration of London Bridge Station and the surrounding area, including the Shard and More London, have successfully established Southbank as a key business location with ongoing and future developments set to further enhance the area. Southwark Council and Lend Lease have entered into a partnership to deliver the 1.5 billion Elephant & Castle regeneration project which is located less than 1.6 km (1 mile) south west of the property. The regeneration project is expected to take 10 years to deliver and will provide almost 3,000 new homes, create 6,000 new jobs and deliver a number of community assets including a new park, investment into local schools and improved transport networks. Crown Copyright, ES For identification purposes only.

6 DESCRIPTION AND ACCOMMODATION Ebbark House is a Grade II listed building arranged over lower ground, ground and three upper floors, with a passenger lift serving all floors. There are significant asset management opportunities including a full refurbishment of the existing B1 office space to provide high quality office accommodation, as well as significant potential to extend to the rear of the building and by way of an additional floor, subject to necessary consents. ACCOMMODATION SCHEDULE TENURE Freehold. TENANCIES The building is currently subject to a licence over a ground floor suite, which can be terminated subject to two weeks prior written notice. The remainder of the property is offered with vacant possession. Floor NIA (sq m) NIA (sq ft) Proposed NIA (sq m) Lower Ground Floor Ground Floor 148 1, First Floor 104 1, Second Floor 104 1, Third Floor 102 1, Fourth Floor Total 530 5, Areas provided by Weston Williamson + Partners Architects

7 indicative layouts and areas liable to change during design development Do not scale from this drawing indicati PROPOSED GROUND FLOOR EXTENSION PROPOSED SECOND FLOOR EXTENSION Skylight Over BOROUGH HIGH STREET Main Entrance Existing Stair Lift Lobby Offi ce 149 sqm (GIA) Stair to Basement Light Well Over Existing Stair Lift Lobby Offi ce 120 sqm (GIA) Light Well Full floor plans are available to download from the data-room DRAFT Borough High Street Proposed Ground Floor Plan (Without Furniture) Date: Drawn: AW Boro Proposed 2nd to 3rd Floor Date: PLANNING RESIDENTIAL POTENTIAL A OUT SK 02 6 We have been informed that the property is Grade II listed and is situated within the Borough High Street conservation area. There is potential to increase the massing of the property by way of a rear extension and the addition of an additional floor/s on the roof, subject to obtaining the necessary consents. Local Planning Authority London Borough of Southwark PO Box London SE1P 5LX Potential may exist for a change of use to residential (C3) and/or the addition of a single residential floor on the roof, subject to obtaining the necessary consents. VAT The property is elected for VAT purposes. EPC Ebbark House has an EPC rating of C. A copy of the EPC is available on the website. FURTHER INFORMATION / WEBSITE Tel: Website: A further information pack is available at

8 PROPOSAL We are seeking offers in excess of 4,000,000 (Four Million Pounds) for the Freehold interest, subject to contract. An offer at this level equates to a low capital value of 742 per sq ft on the existing accommodation and 573 per sq ft on the proposed accommodation, assuming purchaser s costs of 5.8%. For further information or to organise inspections, please contact: Jack Sawbridge jack.sawbridge@allsop.co.uk James Crawford james.crawford@allsop.co.uk Anthony Dixon anthony.dixon@allsop.co.uk Misrepresentation Act: 1. Allsop LLP on its own behalf and on behalf of the vendor/lessor of this property whose agent Allsop LLP is, gives notice that: (a) these particulars do not constitute in whole or in part an offer or contract for sale or lease; (b) none of the statements contained in these particulars as to the property are to be relied on as statements or representations of fact; and (c) the vendor/lessor does not make or give, and neither Allsop LLP nor any of its members or any person in its employment has any authority to make or give, any representation or warranty whatsoever in relation to the property. The only representations, warranties, undertakings and contractual obligations to be given or undertaken by the vendor/lessor are those contained and expressly referred to in the written contract for sale or agreement for lease between the vendor/lessor and a purchaser or tenant. 2. Prospective purchasers or tenants are strongly advised to: (a) satisfy themselves as to the correctness of each statement contained in these particulars; (b) inspect the property and the neighbouring area; (c) ensure that any items expressed to be included are available and in working order; (d) arrange a full structural (and where appropriate environmental) survey of the property; and (e) carry out all necessary searches and enquiries. Allsop is the trading name of Allsop LLP. October Design: CommandD