Under the SE1 (South East Central One) postcode, areas included stretch from Bermondsey, London Bridge, Elephant and Castle; all the way East to Vauxhall. It includes the south side of the Thames riverside, an area opposite (juxtaposed) to Westminster, the Houses of Parliament, all the way round to Wapping, past London Bridge. Central London Bridges primarily stretch from the north side of the river to SE1.
SE1 bears the hallmarks of having been at one time, London's and very possibly England's, primary location for industry; where the city stood as ground zero for the industrial revolution for the British Empire and the rest of the world, manufacturing and bringing in key imports such as food and raw materiels. It is here, in SE1, that infrastructure along the waterways demonstrate a history in stark contrast with the economics of the city now, which has since evolved into becoming the centre of the world's financial network.
Buildings in SE1 provide a major advantage for smaller organisations; buildings and floor plates are smaller, the area is highly diversified with commercial buildings for offices, restaurants, bars and also numerous iconic residential buildings (One Blackfriars, Heron Tower) whilst there are also other key icons such as Tower Bridge and the Tate Modern gallery.
SE1's ambience is still very industrial; old warehouses and factories have been converted into modern offices and residential buildings; demonstrating a unique, differentiated and arguably a less gentrified character in comparison to the north side of the river.
London, South East Central, SE1
Primary Streets
London Bridge St, Southwark St, Waterloo Road, Lambeth Road, Webber St, Great Suffolk St, Southwark Bridge Road, Abbey St.
Famous Landmarks
London Eye, London Bridge, The Shard, Tate Modern, IMAX theatre, Borough Market, Bermondsey High St.
Asset Types:
Modern Skyscrapers, Office (Warehouses conversions), retail, restaurants/bars, residential.
Office Purchase prices in SE1
Southwark Bridge Road: £725 / Sq. Ft, Tooley St: £915/Sq. Ft; Waterloo Road: £215 /Sq. Ft; Boundary Row: £285/Sq. Ft, Cathedral St: £625 / Sq Ft.
Office Rental prices in SE1
Great Suffolk St: £57.50 /Sq Ft; Morocco St: £38.88/Sq Ft; Tooley St: £70/Sq Ft. London Bridge: £65 / Sq Ft.
Verdict
A rare and treasured glimpse into London's historic industrial past; keeping the city's economic presence alive, evolved and diversified; the area now is still held with great confidence as major investments have resulted in iconic skyscrapers, vigorous and unbridled revival of historic icons and a renewal in the design and character of the area.
Rent Price per Sq Ft: £80-£90 / Sq Ft
Purchase Price Per Square Foot: £700 / Sq Ft
Example Sale: Comparables from Borough High St.
Featured buildings: The Shard
Description: London Bridge St is a crescent, horseshoe shape that hosts bus stops and gives direct, frontage access to London Bridge train station, The Shard and other similar buildings that were developed by the same group, reflecting some similarities in design. Modern ambience.
London Bridge St, SE1
Tooley St, London Bridge (And vicinity)
Rent Price per Sq Ft: £55 / Sq Ft; reaching a high of £62.50 / Sq Ft
Purchase Price Per Square Foot: £725 / Sq FT
Example Sale: £5m, 7000 Sq Ft;
Featured buildings: 6 More London Place, Hay's Galleria; One London Bridge
Description: Tooley St is a bustling street, providing access to London Bridge train station and therefore acts as a major
thoroughfare during rush hour. However, with Queen's walk along the river and the nostalgic, Victorian vanity architecture of Hay's Galleria, make this not only commercially significant but aesthetically and culturally too; apt that HMS Belfast is stationed at riverside.
Rent Price per Sq Ft: £52.50 - £62.50 / Sq Ft
Purchase Price Per Square Foot: Approx. £1350 / Sq Ft to purchase.
Example Sale: £107m, 79,000 Sq Ft; Yield varies between 4-5%.
Featured buildings: Blue Fin Building, Cooper & Southwark Building, The Hop Exchange, The Harlequin Building, Flat Iron Tower.
Description: Southwark St is a major road running parallel to the River Thames; stretching from Blackfriars Bridge Road in the west and arriving at London Bridge in the east.
southwark St, SE1
Disclaimer
The information displayed here comprises of a location summary, of which Mountesque Ltd makes no warranty as to the accuracy or completeness of the information, which is to act as a guide at the viewers discretion. Whilst the information is periodically maintained by Mountesque; they are subject to market, economic and geographic changes and influences, as well as individual and collective interpretation and viewpoint. Please contact us directly for direct assistance with enquiries and guidance on our consulting packages.