icons_size_white icons_size

Agent's details

Rare Freehold Industrial Builidng to Suit Investors or Owner Occupiers

For sale: £3,250,000.00|Industrial, Office, Land, Warehouse, Offices, Commercial Land

Property details

FOR SALE£3,250,000.00
ADDRESS32 Verney Road, Bermondsey, London, SE16 3DH
TYPEIndustrial, Office, Land, Warehouse, Offices, Commercial Land
TENUREInvestment Opportunity, For Sale Freehold
POSTED ON30th November 2023


Following an abortive sale of the above property, the guide price has been substantially reduced by £950,000 to £2,300,000 on the basis of an immediate sale.

The reduced guide price reflects an extremely low capital value of just £150 per sq. ft.

32 Verney Road is a 15,327 sqft industrial building (with current B2 Use) offering significant redevelopment & asset management potential offered for sale on an unconditional basis, with vacant possession.

• The site footprint extends to approx. 0.32 acres / 0.13 hectares and comprises a warehouse and a three-storey office building to the rear across full site coverage

• Total GIA approx. 1,424 sqm (15,327 sqft)

• Industrial element extends to approx. 1,312 sqm (14,125 sqft) GIA

• Office building extends to approx. 111 sqm (1,202 sqft) GIA

• Development options include the potential for refurbishment & re-configuration of the existing building, refurbishment plus partial demolition to create a yard space to the front, in addition to full demolition of the existing building and construction of a new-build replacement

• Southwark Council aim for Verney Road to become a sought after industrial destination which is benefiting from significant investment from British Land, Mileway & Capital Industrial

• Guide price reflects a low capital value of £212 per sqft on the GIA

• Offered for sale freehold with vacant possession upon Legal Completion


Location: 32 Verney Road, Bermondsey, London, SE16 3DH

Surrey Quays (0.7 miles)

Bermondsey (0.9 miles)

Canada Water (0.9 miles)

South Bermondsey (0.2 miles)

Queen's Road (Peckham) (0.7 miles)

Queens Road, Peckham (0.7 miles)

What do you think of our website?
Complete our survey and
you could win £1000
Start here