Office / Sale
2,599 Sq Ft

8 Union Street, London, SE1 1SZ

SE1 1SZ

Overview

Attractive freehold office property for sale with opportunities to extend. Part income producing - full vacant possession available from May 2024.
8 Union Street is an attractive freehold property currently used as offices. It is arranged over five storeys, serviced by lift and stairs, with offices on ground and upper floors. The lower ground floor incorporates kitchen, WCs, shower, storage and additional office space. The building is understood to date from the early 19th Century, originally built as a thee storey terraced house. It is within the Borough High Street Conservation Area but is not listed. Opportunities to extend the property include, addition of new upper floor, extending upper floors to the rear and infilling arch at 1st floor level. Preliminary architectural studies have been undertaken but all these options are subject to necessary planning permissions. The 2nd floor is currently let. The lease expires May 2028 with annual break options for landlord and tenant every May subject to 3 months notice. The annual rent is £15,600 + VAT. There is a 3 month rent deposit held. The remaining floors are vacant.

Amenities

  • Fully self-contained
  • Newly decorated
  • Air-cooling/heating (wall mounted)
  • Lift
  • Shower
  • Kitchen
  • Perimiter trunking
  • Suspended ceilings with inset lighting
  • Wood laminate flooring
  • Entry phone
  • Bike racks
  • Storage

Accommodation

Floor Availability Area (sq ft) Desks
3rd Floor Under Offer 504 4-7
2nd Floor Under Offer 574 5-8
1st Floor Under Offer 314 2-4
Ground Floor Under Offer 470 4-7
Lower Ground Floor Under Offer 737 6-11
Total TODO

Details

Type Office
Rates Rateable Value £77,000 therefore c. £39,500 per annum payable.
Sale Price Guide £1,350,000 + VAT for freehold interest
Service Charge Upon application
Lease Terms For sale freehold. 2nd Floor is currently let (rent £15,600 pax), lease expiring May 2028 but with annual mutual break options from May 2024. Remainder of building will be vacant upon purchase.
Tenure Freehold
Download Particulars

Get in touch

Rupert Cowling
t: 020 3757 8578
Philip Martin
t: 020 3328 5372