132 Tanner Street, London, SE1 2HG
£429.22 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
664 sq ft
62 sq m
- SECTOR
High street retail property for sale
Key features
- Virtual Freehold 999 years, the headlease commenced in February 2020
- Passing rent of £22,000 per annum
- The whole property is occupied on a single lease, outside of the Act, expiring 2043
- Guaranteed rental increase through stepped rent mechanism and 5 yearly rent reviews
- Peppercorn ground rent
- Close proximity to London Bridge Station and Bermondsey stations
Description
An income producing virtual freehold investment opportunity, situated on Tanner Street SE1, in a residential area within a small parade of independent retailers. The premises comprise ground floor and basement retail space, occupied by an independent operator. The existing lease has 2 years unexpired; the tenant has signed a new 15 year reversionary lease, without break clauses, representing an attractive, long-term investment. This lease is subject to an open market rent review at commencement and subsequent reviews every 5th year, linked to RPI (collar 2%, cap 5% per annum, compounded).
Location
The property is in a prime location on Tanner Street, close to Maltby Street Market, Bermondsey Street and Bermondsey Square. The surrounding area offers a mix of office and residential environment, with a wealth of independent coffee shops, cafes, restaurants and bars nearby. It is within close walking distance of London Bridge and Bermondsey stations, offering excellent connections via National Rail and the Northern and Jubilee lines.
Brochures
132 Tanner Street, London, SE1 2HG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bermondsey Station0.5 miles
- London Bridge Station0.6 miles
- Tower Hill Station0.6 miles
About Strettons, Commercial and Industrial Agency
Telephone House, 69‑77, Paul Street, London, EC2A 4NWNotes
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