22 & 24 Southwark Bridge Road, SE1

22 Southwark Bridge Road was constructed in the 1980’s and comprises 55,866 sq ft NIA over basement, lower ground, ground and six upper floors, with typical upper floors of c.6,500 sq ft. 24 Southwark Bridge Road was also constructed in the 1980’s and comprises 23,565 sq ft NIA over lower ground, ground and six upper floors. The properties are multi-let to five tenants, producing an annual rent of £161,400. The leases are all outside the L&T Act and provide the ability to achieve vacant possession in September 2025.

The site benefits from a resolution to grant planning permission for an office redevelopment under (ref. 24/AP/2246). The consent provides for the ‘redevelopment of the site including demolition of 24 Southwark Bridge Road and partial demolition of 22 Southwark Bridge Road, to provide a mixed-use development'. Designed by Orms Designers & Architects Ltd, the scheme will deliver 141,459 sq ft NIA and 205,397 sq ft GIA of best-in-class office accommodation over lower ground, ground and 12 upper floors.

Avison Young have prepared a detailed planning note, which explores the potential for alternative uses on site. The note demonstrates that subject to justification for the loss of the existing office space, an alternative use should be supported. Orms Designers & Architects has produced high level indicative schemes to demonstrate the potential for alternative uses on site; Co-Living, Student and Hotel.