0 bed Office (for sale) 150, Long Lane, London SE1

£5,800,000
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Knight Frank - Auctions
55 Baker Street, London
020 3641 9814
First Published

12th Jul 2021

Last Published

16th Jul 2021

 

Features

  • Type: Office
  • Bedrooms: 0
  • Listing status: sale
  • Country: England

Description

For Sale by Unconditional Auction

Freehold. Office let to Zwift producing £356,000 p.a. Residential sold-off on long leases producing £2,150 p.a. Total current rents reserved £358,150 p.a.

A freehold office premises with optional ground rent income from 6 flats.

Office:

- Let to Zwift UK Ltd with Zwift Inc. Acting as guarantor
- 7,490 sq ft / 696 sq m arranged over ground and first floors
- Private outside space
- 10 year lease from 1 July 2020 (approx. 9 years unexpired)
- Passing rent £356,000 per annum

Ground Rents:

- Ground Rent income from 6 flats producing £2,150p.a.

Please note the seller is happy to retain the ground rent income and could separate this element of the building via a 999 year lease upon request.

Please not there are two car parking spaces available under separate agreement.

Location:

The property is located on the north side of Long Lane, just to the west of the junction with Bermondsey Street. Bermondsey is recognised as a collage of artistic and commercial activity offering bars, cafes, restaurants, shops and food markets. Its historic profile has been rewritten with mass regeneration and investment in recent years.

Note:

The buyers fee is £4,800 inc VAT

Virtual Tour

 

Local info for SE1

Floor plan

 

Property Value Data/Graphs for SE1

Property Type % Avg. current value Avg. # beds Avg. # bathrooms
Flat 88.5% £1,055,087 1.9 1.5
Studio 4.5% £555,319 0 0.9
Terraced house 2.4% £1,359,714 2.7 1.8
Other 2% £1,094,647 3.2 2.1
Maisonette 0.5% £733,125 2.5 1.1
Detached house 0.5% £1,180,000 3 1.8
Semi-detached house 0.3% £877,000 2.6 1.4
Town house 0.3% £1,385,000 3 2.3
End terrace house 0.2% £673,333 2.7 1.3
Lodge 0.1% £199,950 3 3
Land 0.1% £258,000 0 0
Retail premises 0.1% £835,000 0 1
Barn conversion 0.1% £1,100,000 2 0
Office 0.1% £5,800,000 0 0
Cottage 0.1% £920,000 2 1
Parking/garage 0.1% £37,000 0 1
Block of flats 0.1% £3,633,000 0 0

Area Information

Average Price Paid

£759,059

Sales

5034

Current Average Value

£1,040,628

Value Change

£281,569 37.1%

 

Current Asking Prices in SE1 Average: £1,040,628

Property Type 1 Bed 2 Beds 3 Beds 4 Beds 5 Beds
Houses £543,632 (11) £1,012,726 (31) £1,241,376 (29) £1,371,250 (8) £3,200,000 (3)
Flats £624,368 (450) £1,058,218 (637) £1,717,280 (208) £3,481,816 (22) £587,500 (4)
All £622,441 (461) £1,054,753 (669) £1,659,047 (237) £2,832,900 (31) £1,707,143 (7)

Nearby Properties

0 bed Block of flats () Hyde Park, London W2 £225,000,000
0 bed Block of flats () London, Kensington SW7 £65,000,000
3 bed Flat () Knightsbridge, London SW1X £30,000,000
7 bed Semi-detached house () Tregunter Road, London, United Kingdom SW10 £30,000,000
8 bed Town house () Princes Gate, London SW7 £27,000,000
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