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Agent's details

48, Rushworth Street, London, SE1 0RB

For sale: POA|5,673 Sq Ft|Residential

Property details

FOR SALEPOA
SIZE5,673 Sq Ft
ADDRESS48 Rushworth Street, London, SE1 0RB
TYPEResidential
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON13th January 2022

Description

• Ideally located 0.4 miles to the south east of Southwark Underground Station (Jubilee Line).
• Situated within a popular residential area and surrounded by a number of new build mixed used developments.
• Freehold.
• Currently arranged as a 21-bedroom student accommodation.
• The building totals 5,673 sq ft / 527 sqm.
• Let to Brittania Student Services Ltd on a reversionary lease expiring in September 2023 at a current passing rent of £221,260 pa.
• The tenant has been in occupation since 2013. The lease is outside the Landlord & Tenant Act 1954.
• There is an opportunity to re-gear the existing lease with the tenant. Additionally, there is scope to obtain vacant possession and directly let or pursue alternative uses such as residential, HMO or serviced apartments. These are all subject to obtaining the necessary consents.

Location

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Location: 48 Rushworth Street, London, SE1 0RB

Southwark (0.2 miles)

Borough (0.3 miles)

Elephant & Castle (0.4 miles)

Elephant & Castle (0.4 miles)

Waterloo (0.5 miles)

Waterloo East (0.5 miles)

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