Summary
| Property Type | Office |
| Tenure | For Sale |
| Size | 2,990 sq ft |
| Price | £1,350,000 |
| Rates Payable | Upon Enquiry |
- Attractive Capital Value at just £450/sq ft.
- Located in the heart of the Canada Water & British Land's Masterplan.
- ERV of £90,000 pa.
- Presenting a gross yield of 6.6%.
- Well maintained and in excellent condition throughout.
- Appealing to both investors and owner-occupiers.
About
Unit B is arranged across the ground floor of a striking modern mixed-use development and benefits from extensive glazed frontage onto Needleman Street, creating strong visibility and natural light throughout the space.
The accommodation is predominantly open-plan, offering excellent flexibility for a wide variety of occupiers under Class E use. It is ideally suited to office, retail, showroom, fitness, health, or studio operations, and can be easily configured to meet specific requirements.
The unit has been fitted to a high standard with contemporary finishes, dual air-conditioning, recessed lighting, and sound insulation. Multiple access points provide convenience for staff and visitors, while the generous frontage enhances both branding opportunities and customer access.
Overall, the space provides a modern, adaptable environment that is well positioned to serve the needs of both local businesses and national operators seeking a base within one of London’s fastest-growing regeneration areas.
Location
Located in the heart of Canada Water, less than 50m from the station (Jubilee line and Overground) plus bus station. This locality is subject to massive regeneration spearheaded by British Land’s Masterplan which will provide two million sq ft of workspace, one million sq ft of education and leisure facilities together with circa 3,000 new homes. In addition, there a numerous other close by completed or upcoming developments including those by Seller, London Square and Barrett. These have transformed this area into one of London’s most sought after business, leisure and residential destinations.
Mainline Stations
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Canada Water2 mins
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New Cross2 mins
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Rotherhithe4 mins
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Surrey Quays8 mins
Underground Station
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Canada Water2 mins
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Rotherhithe5 mins
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Surrey Quays8 mins
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Wapping9 mins
Further Information
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Terms
Guide Price: £1,350,000.
Title & Tenure: 125 years from March 2014 with a nominal ground rent of £1. Title Number: TGL395293.
Leasing: Consideration would be given to a commercial let of the premises, details on application.
Use Class: Commercial space - Class E.
EPC: Commissioned and available upon request.
VAT: The property is not elected for VAT.
Rates Payable: 2025/2026: £7,185 per annum (after retail discount).
Rateable Value: The current rateable value is £24,000. We advise to check with the Local Authority: The London Borough of Southwark.
AML: The purchaser will be required to provide the necessary information to satisfy AML requirements.
Services: Water, electricity, gas and drainage are provided but it is the responsibility of the purchaser to check these services.
Viewings: Strictly by appointment only via the Sole Agents.
Gallery
