Worst House on the Street Logo
Tooley Street, London SE1 - Image 1
Tooley Street, London SE1 - Image 2
Tooley Street, London SE1 - Image 3

Tooley Street, London SE1

London

£1,200,000

Listed on 25/07/2023

The listing

Property details

Bedrooms
N/A
Type
Mixed Use
Area
3981 sqft

Description

This property consists of a robust masonry building with six levels, including both lower ground and ground floors. The ground and lower ground floors are currently utilized for retail purposes, leased to a hospitality business, featuring an open-plan layout complemented by seating areas, a kitchen, and storage space at the rear. The upper floors—first through fourth—offer office accommodation with a flexible open-plan design, enhanced by ample natural light and generous ceiling heights. Situated in a highly sought-after location, the property benefits from excellent transport connections. It is just a short stroll from the newly revamped London Bridge Station, with convenient access to various bus routes and London Underground services. Additionally, it is within walking distance of vibrant spots such as Borough Market, Butlers Wharf, Bermondsey Street, and Maltby Street Market, all known for their diverse dining options and lively atmosphere. The Unicorn Theatre lies directly across the street, adding to the area’s cultural appeal. In terms of layout specifics, the property encompasses a total of 3,981 square feet (369.89 square meters), distributed as follows: - Lower Ground Floor: 992.43 ft² (92.20 sq.m) - Ground Floor: 893.94 ft² (83.05 sq.m) - First Floor: 909.65 ft² (84.51 sq.m) - Second Floor: 487.06 ft² (45.25 sq.m) - Third Floor: 446.70 ft² (41.50 sq.m) - Fourth Floor: 251.66 ft² (23.38 sq.m) The current lease for the retail space runs until March 2029 and generates an annual rental income of £40,000. This arrangement not only provides immediate financial returns but also presents significant renovation opportunities that could enhance value over time. Given its prime location and flexible layout across multiple levels, this property holds considerable investment potential for those looking to make improvements or capitalize on the growing demand in this vibrant area of London.

Unlock investment analysis

Sign up to see below-market value, yields, renovation ROI, and local market trends for this and every other property.

Sign up free

Already have an account? Sign in

Interested in similar properties?

Create an alert and we'll notify you when similar renovation opportunities are listed.

Sign in to create alert

Map

Location

Tooley Street, London SE1
Loading map...

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£4,533
Based on a loan of £900,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Tax

Stamp duty calculator

Indicative tax based on the asking price and the options you select.

This calculation uses non-residential (land/commercial) tax rates.

Pricing

Price history

-40.0% since listed
£1,200,000£300,000(-20.0%)
18/05/2024
Current price
£1,500,000£500,000(-25.0%)
03/03/2024
£2,000,000Initial listing
25/07/2023

Services

Next steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.