For Sale

Newhams Yard, Tower Bridge Road, 153, London, SE1 3LW

Name: Newhams Yard, Tower Bridge Road, 153, London, SE1 3LW
Address: London

Overview

Description

Location

Newhams Yard is a major development undertaken by Galliard Homes and Acorn Property Group. The mixed-use scheme comprises 86 residential units, 143 room Aparthotel operated by Locke Living (an upscale design-led offering from SACO situated in well serviced communities) together with a range of commercial space to provide co-working, office, retail, restaurant and gym.

Planet Organic has been open and trading since mid-2021, while the Bermondsey Boxing Club have recently completed on their lease and are currently fitting out. The gym will be completed to a high standard similar to their existing boxing clubs www.rathboneboxingclub.com and www.camdenboxingclub.com. The Planet Organic and Bermondsey Boxing Club are positioned on ground and basement levels fronting Tower Bridge Road at the entrance to the scheme adjacent to Bermondsey Larder and
Shaman Coffee and Premier Inn.

Summary

Key points

Part of the prestigious newly developed Newham's Yard, which comprises; 143 room Aparthotel operated by Locke Living, 86 apartments with further retail, restaurant and office accommodation.
Situated off Tower Bridge Road providing direct access onto Bermondsey Street via Newhams Row.
Bermondsey Street is a well established location for creative business with a diverse range of restaurants and artisan retailers.
Let to two tenants Bermondsey Boxing Club (New 10 year lease) and Planet Organic the UK's largest organic supermarket (15 years with a break at 10)
The supermarket occupies the ground floor while the boxing gym is located at basement with access from Tower Bridge Road.
Planet Organic NIA - 3,210 sq ft and Bermondsey Boxing Club GIA - 5,651 sq ft - Totalling 8,861 sq ft.
Total passing rent of £245,000 per annum.
Secure income with a combined WAULT of 12 years to expiry and 9.5 years to break.