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Dover Castle, 6A Great Dover Street, London, SE1 4XW

Offers in Excess of
£1,950,000

£1582.79 per sq ft

Business rates & charges may apply

Savills, Margaret Street - Licensed Leisure
SIZE AVAILABLE

1,232-6,428 sq ft

114-597 sq m

SECTOR

Pub for sale

Key features

  • Zone 1 Freehold public house and hostel investment
  • Close Proximity to Borough Market and London Bridge
  • Ground floor pub with 84 bed hostel on upper floors
  • Entire property let to Minni 1 Limited
  • Property arranged over five levels extending to 6,428 Sq Ft (597 Sq M)
  • Current rent of £90,203 per annum
  • Lease expires October 2026
  • Ex Act lease providing potential to obtain vacant possession on expiry
  • We are instructed to invite offers in excess of £1,950,000 (4.35% NIY) which reflects a low capital value of £303 per Sq Ft

Description

Description
The property comprises the ground, basement and three upper floors of a four storey corner building with part exposed brick and part painted elevations beneath a mansard roof.

Location
Located in within the London Borough of Southwark, 1.0 mile (1.6 kilometres) east of Waterloo and 1.8 miles (2.9 kilometres) south east of Central London.

The Dover Castle is situated at the intersection between Swan Street and Great Dover Street (A2), a short walk from Borough Underground Station which provides London Underground services via the Northern Line giving fast travel to the City of London (Bank Station) in approximately 5 minutes. Notable local leisure occupiers include Borough Market (0.4 mile walk to the north), the Trinity (Fuller’s) and The Ship (True Pub Co).

Licensing
The property has the benefit of a Premises Licence in accordance with the Licensing Act 2003. The premises are permitted to sell alcohol on the following times:
Monday to Saturday: 11:00 - 02:00
Sunday: 11:00 - 00:00

Tenure
The property is held freehold (Title Number SGL508372).

Tenancy
The entire property is let to Minni 1 Limited which expires on 3 October 2026 at a current rent of £90,203 per annum which is subject to annual stepped rental increases with the rent passing increasing to £90,207 per annum as of 3 October 2025. The lease is excluded from section 24-28 of the Landlord and Tenant Act 1954 which provides the potential to obtain vacant possession upon expiry of the lease.

Planning
The property is not listed nor is it situated within a Conservation Area.

VAT
It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis the purchasing entity is VAT registered.

EPC
C-67

Rateable Value
2023 - £60,000

Terms
We are instructed to invite offers in excess of £1,950,000 (4.35% NIY) assuming the usual purchasers costs.

Fixtures and Fittings
The fixtures and fittings are currently owned by the occupational tenant.

Money Laundering
Money Laundering Regulations require Savills to conduct checks upon all prospective purchasers. Prospective purchasers will need to provide proof of identity and residence.

Energy Performance Certificates

EPC

Brochures

Dover Castle, 6A Great Dover Street, London, SE1 4XW

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Borough Station0.0 miles
  • London Bridge Station0.4 miles
  • Elephant & Castle (Bakerloo) Station0.5 miles

About Savills, Margaret Street - Licensed Leisure

33 Margaret Street, London, W1G 0JD

Notes

These notes are private, only you can see them.

Disclaimer - Property reference 327614-1. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Margaret Street - Licensed Leisure. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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