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166B Tower Bridge Road, London, SE1 3LZ - Image 1
166B Tower Bridge Road, London, SE1 3LZ - Image 2
166B Tower Bridge Road, London, SE1 3LZ - Image 3
166B Tower Bridge Road, London, SE1 3LZ - Image 4
166B Tower Bridge Road, London, SE1 3LZ - Image 5
166B Tower Bridge Road, London, SE1 3LZ - Image 6

166B Tower Bridge Road, London, SE1 3LZ

London

£1,025,000
Listed on 02/04/2026

Property Details

Bedrooms
N/A
Type
Office
Area
1578 sqft

Description

This character-rich commercial unit, currently utilized as an office space, presents a prime opportunity for refurbishment and transformation. The layout consists of an open-plan office area complemented by three glass-partitioned meeting rooms or private offices, making it versatile for various business needs. It includes essential amenities such as a kitchenette and two toilets, one of which features a shower. The property benefits from natural light streaming in from two sides, showcasing its exposed brickwork and wooden flooring against the backdrop of a concrete ceiling. With a long leasehold of 999 years dating from December 2002, this unit is ideally situated just 250 meters south of Tower Bridge and within a mile of London Bridge Station, offering excellent transport links to the City, West End, and Docklands. Additionally, the vibrant atmosphere of Bermondsey Street and Maltby Street Market with their numerous dining and leisure options are easily accessible on foot. A renovation here could unlock significant value in this sought-after location.

Investment Analysis

(SE1 area)

Below Market Value

This property is priced -27.7% below area average per sq ft

-27.7%
Potential saving
This Property
£650/sq ft
Area Average
£899/sq ft
Avg Rent (weekly)
£636
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£1,559,703
10% above area average per sq ft
Potential ROI
+43.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (SE1)

Area prices are stable by -0.9% over the last 12 months
3 year growth: -10.8%
5 year growth: -27.0%
Investment Disclaimer: Analysis based on SE1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

166B Tower Bridge Road, London, SE1 3LZ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,630
Based on a loan of £768,750 over 30 years at 3.91% 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.

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