Office

To buy

215 Vauxhall Bridge Road, London, SW1V 1EJ

Office - 16,216 Sq Ft

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Prominent Freehold development site in the heart of Victoria.

Description

Victoria is one of the largest commercial submarkets of the West End of London. It has gone through a radical period of regeneration over the last few years with LandSec’s Nova scheme, and prior to that, Cardinal Place, transforming the area around the station. Vauxhall Bridge Road is a major arterial route, and has continued to see hotel development schemes such as the Citizen M hotel and the new RIU hotel scheme at One Neathouse Place, both currently underway. 11 Belgrave Road is also close by and will creat a new 120,000 sq ft commercial scheme deliverable in late 2023.

The Royal Parks are close by to the north, and the River Thames is a short walk away. Culturally, the Victoria Palace and Apollo Theatres are within a minute’s walk, with Buckingham Palace, The Palace of Westminster and Westminster Abbey are a few minutes away.

Transport links are provided by Victoria mainline station, St James’s Park, Pimlico and Westminster tube stations. Numerous buses pass the property and a Boris Bike station is immediately outside.

Amenities

  • Prominent Freehold investment development owner occupier opportunity in the heart of Victoria.
  • Situated in an excellent position a 3 minute walk from Victoria Train Station.
  • Ideally positioned to benefit from the ongoing improvements to the Victoria area.
  • Potential for a two year leaseback to Parkinson’s UK, one of the UK’s major charities.
  • Scope for significant refurbishment or complete redevelopment.
  • Seeking offers in excess of £12,500,000 subject to contract.
  • A purchase at this level reflects a low capital value of £770 per sq ft on existing NIA.

Accommodation

The areas quoted below are net internal;

  • Floor
  • Size (Sq Ft)
  • Availability
  • 4th
  • 1,873
  • Available
  • 3rd
  • 3,066
  • Available
  • 2nd
  • 3,061
  • Available
  • 1st
  • 3,048
  • Available
  • Ground
  • 2,913
  • Available
  • Lower Ground
  • 2,255
  • Available

* Subject to re-measurement and IPMS 3 Measurements available upon request

Legal Costs

Each party to be responsible for their own legal costs incurred in the transaction.