We are delighted to announce that we have successfully acquired Unit 11 Blackfriars Circus on behalf of a private client.
The property in question was bought as an investment for £1.7m with vacant possession. Forming part of Barratt London’s Blackfriars Circus development which is creating 336 new homes in addition to 40,000 square feet of retail and employment space, this was a fantastic purchase in an up and coming area. Totalling 2,557 square feet, we were delighted to have purchased this retail space in an area which is going through a rapid regeneration and is turning Blackfriars Circus into one of London’s newest must-go areas.
Unit 11 Blackfriars Circus fronts onto St George’s Circus at the junction of Borough Road and Blackfriars Road. The property boasts excellent communication links, with four underground stations within easy walking distance. Southwark Station provides easy access to the Jubilee Line, Elephant & Castle is linked to the Northern and Bakerloo Lines, Blackfriars which is linked to the Circle and District lines, and Waterloo Station which provides access to four different tube lines including the Waterloo and City Line as well as National Rail services around the country. These incredible transportation links place Blackfriars Circus as a destination with the potential to become a new hub area in London with significant investment by a number of established developers including the above-mentioned Barratt London.
In addition to acquiring the space, we were also delighted to have been instructed by our private client to let this fantastic retail unit which we are currently marketing. With such a fantastic location, we are certain that we will find an occupier for the space with an excellent covenant who will suit our client’s needs.
Speaking about the deal to investment agent Daniel Freedman, he stated the following: “We were delighted to complete this deal in a highly sought-after area which has undergone significant change in recent years. We are certain that this is a fantastic investment for our client and we will help them find the ideal tenant for the space, perfectly complementing the vibrant mix of occupiers already looking at the area.”
For further information on letting this retail space in Blackfriars Circus, please take a look at our listing for the property.
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