Summary - PEN INTERNATIONAL, NECKINGER MILLS, 162-164, ABBEY STREET SE1 2AN
1 bed 1 bath Office
Large character-filled SE1 space with high ceilings and strong transport links.
- 2,300 sq ft self-contained ground-floor unit
- Grade II listed Victorian former leather factory
- Strong natural light and very high ceilings
- Retained industrial features: exposed brick, beams, steel columns
- Sold as virtual freehold / new 999-year lease available
- Sold subject to tenancy until 31 Dec 2025; purchaser to assume VAT
- Very slow fixed broadband; excellent mobile signal
- Area deprivation and higher local crime rates
A rare, self-contained ground-floor unit within Neckinger Mills, a Grade II listed Victorian former leather factory in Bermondsey SE1. The 2,300 sq ft accommodation delivers strong natural light, generous floor-to-ceiling heights and retained industrial features including exposed brick, timber beams and steel columns—qualities that suit creative businesses or a conversion with character-led appeal.
The property is offered as a virtual freehold (guiding £1,000,000 plus VAT) and a new 999-year lease at nil ground rent is available. The space is mainly open-plan with several meeting/board rooms, fitted kitchen, toilets, gas central heating, LED lighting and alarm systems. Ground-floor parking and street frontage add practical value in this inner-city location with excellent transport links to Central London.
Important practical points: the unit is Grade II listed which will restrict alterations and may complicate change-of-use or refurbishment. The sale is subject to an occupational lease to tenants expiring 31 December 2025 and will be sold with VAT implications. The immediate area shows signs of deprivation and higher crime rates; broadband speeds are reported very slow despite excellent mobile signal.
For an investor or owner-occupier seeking a substantial, characterful space in a rapidly regenerating part of SE1, this property offers clear upside via long-term repositioning or stable rental income once the current tenancy ends. Buyers should allow for listed-building constraints and factor in connectivity improvements if high-speed broadband is required.
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