£3,650,000
(£411.92/sq. ft)
Office for sale151, Tower Bridge Road, London SE1
8,861 sq. ft
About this property
Part of the prestigious newly developed Newham's Yard, which comprises; 143 room Aparthotel operated by Locke Living, 86 apartments with further retail, restaurant and office accommodation.
Situated off Tower Bridge Road providing direct access onto Bermondsey Street via Newhams Row.
Bermondsey Street is a well established location for creative business with a diverse range of restaurants and artisan retailers.
Let to two tenants Bermondsey Boxing Club (New 10 year lease) and Planet Organic the UK's largest organic supermarket (15 years with a break at 10)
The supermarket occupies the ground floor while the boxing gym is located at basement with access from Tower Bridge Road.
Planet Organic NIA - 3,210 sq ft and Bermondsey Boxing Club gia - 5,651 sq ft - Totalling 8,861 sq ft.
Total passing rent of £245,000 per annum.
Secure income with a combined WAULT of 12 years to expiry and 9.5 years to break.
Planet Organic has been open and trading since mid-2021, while the Bermondsey Boxing Club have recently completed on their lease and are currently fitting out. The gym will be completed to a high standard similar to their existing boxing clubs and . The Planet Organic and Bermondsey Boxing Club are positioned on ground and basement levels fronting Tower Bridge Road at the entrance to the scheme adjacent to Bermondsey Larder and
Shaman Coffee and Premier Inn.
Retail and leisure investment
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