Savills : brings “towering” London development opportunity to market

Savills has been instructed to sell the freehold of Tower Bridge Court, 224-226 Tower Bridge Road, a prime development opportunity overlooking Tower Bridge and the River Thames, by a private client.

The site comprises an existing office building of 68,090 sq ft (6,325 sq m) and has the potential for redevelopment with offices, hotel or residential uses. The building is currently occupied by the vendor and is part-sublet to multiple tenants with a passing rent of £1,458,266 (£35.92 per sq ft average), on leases expiring by July 2019.

Simon Tate, director in the central London commercial development team, comments: 'Tower Bridge Court is situated in an iconic position only moments from one of London's most recognisable sights. With positive pre-application talks having already taken place with the London Borough of Southwark around the future of the site, the new owner will have the exciting opportunity to create a landmark development in this dynamic and popular part of the city.'

Tower Bridge Court is positioned directly opposite St Katharine Docks, the Tower of London and the City of London to the north, situated within a 0.6 mile (0.96 km) walk of London Bridge Station and 0.5 mile (0.80 km) walk of Tower Hill tube station.