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Amelia St - Printworks 2,971 sq ft Office Unit Offered at £1,400,000 in London SE17 3AS
INVESTMENT HIGHLIGHTS
- Within walking distance of the transport hub at Elephant & Castle.
- Kennington Underground station (Northern line – City and West End branches) is also within a short walk.
EXECUTIVE SUMMARY
The Printworks are located just off Walworth Road within walking distance of the transport hub at Elephant & Castle, serviced by the mainline rail (Thameslink) and Underground (Northern & Bakerloo lines) stations together with numerous bus routes providing ease of access to central London and outer London. Kennington Underground station (Northern line – City and West End branches) is also within a short walk. The entire Elephant & Castle locality continues to be subject to development and regeneration to provide a vibrant mix of residential, commercial and leisure activities, together with enhanced transport links.
PROPERTY FACTS
| Total Property Size | 11,858 sq ft | Floors | 8 |
| Property Type | Office (Unit) | Typical Floor Size | 1,482 sq ft |
| Property Subtype | Office / Residential | Year Built | 2010 |
| Costar Property Class | B |
| Total Property Size | 11,858 sq ft |
| Property Type | Office (Unit) |
| Property Subtype | Office / Residential |
| Costar Property Class | B |
| Floors | 8 |
| Typical Floor Size | 1,482 sq ft |
| Year Built | 2010 |
1 UNIT AVAILABLE
Unit A&B
| Unit Size | 2,971 sq ft | Sale Type | Investment |
| Price | £1,400,000 | Tenure | Long Leasehold |
| Price Per sq ft | £471.22 | Net Initial Yield | 6.50% |
| Unit Use | Office | NOI | £91,000 |
| Unit Size | 2,971 sq ft |
| Price | £1,400,000 |
| Price Per sq ft | £471.22 |
| Unit Use | Office |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 6.50% |
| NOI | £91,000 |
DESCRIPTION
The available commercial unit is located on the ground floor of the development and is directly accessed from Amelia Street or via the gated communal paved pedestrian walkway. Units A&B are let as offices with the suite benefitting from a flexible modern predominantly open plan, high exposed concrete ceiling design with excellent natural light and a good level of specification including air conditioning, raised floors and fully DDA accessible.
SALE NOTES
The unit is offered for sale by way of a 999 year leasehold with a peppercorn ground rent Offers are sought in the region of £1,400,000. This reflects a gross initial yield of 6.5%.
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Amelia St - Printworks
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