Summary - UNIT B, VANCOUVER HOUSE, NEEDLEMAN STREET SE16 7BW
1 bed 1 bath Office
High‑visibility Class E unit next to Canada Water station — investment or owner‑occupier opportunity..
- Prominent glazed frontage onto Needleman Street for strong visibility
- Open-plan, adaptable Class E space with high-spec finishes
- Less than 50m from Canada Water station (Jubilee and Overground)
- Attractive capital value c. £450 per sq ft and ERV £90,000 pa
- Gross yield quoted at 6.6% at guide price £1,350,000
- Leasehold with 111 years remaining; nominal £1 ground rent
- Not elected for VAT; rates payable £7,185 (2025/26) after discount
- Local area: deprived with high crime — factor for operators/tenants
A bright, ground-floor commercial unit with wide glazed frontage onto Needleman Street, positioned under a modern mixed-use development in Canada Water. The open-plan layout, high-spec finishes, dual air-conditioning and multiple access points make the space immediately usable for office, showroom, retail, studio or fitness uses under Class E.
The location is the key draw: less than 50m from Canada Water station (Jubilee line and Overground) and within British Land’s major regeneration area, providing strong connectivity and long-term footfall growth. The property is well maintained and offers clear branding opportunity from its generous street frontage.
Financially the lot presents an attractive capital value of c. £450/sq ft with an estimated ERV of £90,000 pa and a quoted gross yield of 6.6%. Leasehold title provides 111 years remaining (125 years from March 2014) with a nominal ground rent of £1; the unit is not elected for VAT. Rates (2025/26) are modest after discount at £7,185 pa.
Buyers should note material local negatives: the immediate area scores as deprived with high local crime rates. Prospective purchasers should confirm services, obtain the EPC, view full floorplans and check local authority rate assumptions. Consideration may be given to letting the space, subject to further leasing details.
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