132 Tanner Street, London, SE1 2HG
Size
664
Tenure
Freehold
EPC
Parking
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- Primary use
- High street retail
- Other use(s)
- Other
- Frontage
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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.
- Service charge
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- Business rates
- £9,435
- Use class
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- Listed building
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An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
132 Tanner Street, London, SE1 2HG
About Strettons Limited, Industrial
Award-winning commercial and industrial agencies with specialist knowledge in East and North London. Our agency teams cover a wide cross-section of the market, with knowledge of each sector and what its investors or modern occupiers need to grow their operations.
Part of a multi-disciplinary firm with a full range of complementary commercial services, we work together to offer advice on every stage of property ownership. As a team, we cover Office, Retail, Licenced & Leisure, Investment, Development, Medical, Educational and Community, Hotels, Flexible Workspace and Tenant Representation.
Please contact us to speak about any of your search requirements or questions.
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Disclaimer - Property reference 360234-1. 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 Strettons Limited, Industrial. 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.