Fully Fitted Basement Gym Premises To Let

LOCATION
The property is located on Southwark Street 350m to the west of London Bridge Station. It is between the major office developments at Bankside and the transport hub.

Borough Market and the new Borough Yards development are also situated nearby.

Nearby occupiers include Lantana and Miraflores.

TENURE
A new lease is to be made available for a term to be agreed.

RENT
£55,000 per annum exclusive.

ACCOMMODATION
The property is currently fully fitted as a gym and is accessed from Thrale Street via a discreet entrance. The gym includes changing and shower facilities and W/C accommodation.
The unit has the following approximate dimensions and areas:

Basement                 2,761 sq ft / 256.50 sq m

RATES 2023/24
Rateable Value:                                               £66,500
Rates payable (UBR multiplier: £0.512):  £34,048

A business may be entitled to 75% off the chargeable amount, up to a figure of £110,000, from 1 April 2023 to 31 March 2024. All interested parties should verify the business rates with the relevant local authority.

USE
The premises benefit from Class E planning consent which will enable the premises to be used for various commercial uses such as retail, restaurant, office and gym without the need for change of use.

VIEWING
By appointment with sole agents Stephen Kane & Company.

Kristian Kendall kjk@stephenkane.co.uk | 07917 347 434
Ewan Stacey es@stephenkane.co.uk | 07415336490

MARKETING DETAILS