Collegiate House, 9 St. Thomas Street, SE1

Rare Historic Southwark Freehold Opportunity

  

The property is majority let to Butcher Robinson & Staples Holdings Ltd, a leading independent broker at Lloyd's of London, on a lease expiring 25th February 2015, with a further extension until 29th September 2015.

The current rent payable by Butcher Robinson & Staples is £149,350 per annum which equates to £21.73 per sq ft overall.

The third floor is let to Orb Communications until 30th August 2017, subject to a mutual break option on 20th September 2015. Notice has been served to terminate the lease on the stated break date.

The current rent payable by Orb Communications is £33,000 per annum which equates to £24.96 per sq ft overall.

A lease was granted to Cathedral Group for a term of 125 years from 5th October 1988 (approximately 99.5 years term certain) for part basement accommodation at a rent of £10.00 per annum.

The total passing rent is £182,360 per annum, equating to £22.25 per sq ft overall.