128 Southwark Street, London, SE1

128 SOUTHWARK STREET, LONDON, SE1

Description

A 15,593 sq ft Victorian warehouse located in a rapidly improving South Bank location overlooking Tate Modern close to the River Thames.

Opportunity

‍An opportunity to comprehensively refurbish the building to provide high grade and contemporary office accommodation with full air conditioning, full metal tiled ceilings, a new reception and timber decked external areas enjoying stunning views to the North across the Thames past Tate modern and St Paul's Cathedral.

Value Added

  • When the building was acquired it was a tired Victorian warehouse.
  • Having assembled a high quality team of Architects, Quantity Surveyors and Property Agents, an exciting and contemporary office scheme was designed.
  • The building was stripped back to the original frame, retaining all the original Victorian features and then comprehensively refurbished.
  • Once completed the building was leased to high quality tenants.
  • When fully income producing the building was sold for £4.75m showing an IRR of almost 25%.