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Units 54, 55, 56 & 57

To rent: ROA|1001 - 1195 Sq Ft|Retail - High Street, Retail

PROPERTY DETAILS

TO RENTROA
SIZE1001 - 1195 Sq Ft
ADDRESSUnits 54, 55, 56 & 57, London Bridge Station, London, SE1 9SP
TYPERetail - High Street, Retail
TENURETo Let
POSTED ON24th January 2020

DESCRIPTION

Key Points

  • The units are close to the junction with Bermondsey Street
  • An established retail and café pitch for independent operators.
  • The proposed accommodation forms part of the London Bridge Station
  • Summary

    The units will be handed over in shell condition with capped off services and glazed shop fronts.

    Description

    The proposed units form part of the London Bridge Station redevelopment and are located on St Thomas Street, adjacent to the main entrance to the newly refurbished London Bridge Railway Station (up to 60 million passengers per annum). Units 54 - 57 form part of a redevelopment of 6 units which will be available for Small and Medium Sized Enterprises and local businesses on discounted terms as part of a S106 agreement. Units 58 and 59 are expected to open in Winter 2016/2017.

    Viewings

    Strictly by appointment through the sole agents

    Location

    The units are close to the junction with Bermondsey Street, an established retail and café pitch for independent operators.

    Terms

    The properties are to be let on new effectively full repairing and insuring leases, contracted outside the Landlord and Tenant Act 1954, for a term of five years subject to standard Network Rail break clauses.

    Qualifying Occupiers

    The units are subject to a S106 agreement with London Borough of Southwark, whereby the units are offered at a discount to Open Market Value. To qualify tenants must be a Small or Medium Sized Enterprise (employing fewer than 250 people and with turnover not in excess of €50 million) or a ‘Start-Up’ company. Those tenants already based in the borough must not have more than 3 other trading units in the borough.

    Rent

    The qualifying tenant benefits from a S.106 agreement discounting the open market rent over the five years

    Planning

    Units have the benefit of A1, A3, A4 and A5 planning consent.

    EPC

    Energy Performance Certificates are available upon request.

    Legal Costs

    The tenant will be expected to make a contribution towards the legal fees. Further details available upon application.

    VAT

    All figures referred to are exclusive of VAT (if applicable).

    Business Rates

    The premises have not yet been assessed for rating purposes.

    Service Charge

    Years 1-3 - £12.00 per sq ft Years 4 & 5 - £14.00 per sq ft

    LOCATION

    Location: Units 54, 55, 56 & 57, London Bridge Station, London, SE1 9SP

    London Bridge (0.0 miles)

    Monument (0.4 miles)

    Cannon Street (0.5 miles)

    London Bridge (0.0 miles)

    Cannon Street (0.5 miles)

    Fenchurch Street (0.5 miles)

    AGENT'S DETAILS

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