60 Borough High Street, London, Southwark, SE1 1XF
Property Description
The property is located on Borough High Street, 150m south of Borough Market, and 50m south of Southwark Street. London Bridge Main Line Trains Station (Jubilee & Northern Lines) is 250m to the north east. The property comprises a retail unit on the ground and basement floors, with excellent street frontage onto Borough High Street. It has separate access to office space over first to third floors.
Freehold
(Measurements based on EPC)
The property comprises:
Ground & Basement Floor: Retail Unit (Barbers), kitchen, toilet and office 710 Sq Ft (66 Sq M)
First to Third Floors: Five Offices and two toilets 1,420 Sq Ft (132 Sq M)
Total 2,130 Sq ft (198 Sq M)
Retail Unit - Barbers Shop - 15 years from 04/07/2020 at £35,000 p.a. (Rent Review 2026)
Office Unit - Vacant
FREEHOLD BOROUGH HIGH STREET PROPERTY (PART VACANT) PRODUCING £35,000 PER ANNUM
1. Area have been taken from EPC's and are for guidance only.
2. Rent review 2026 (please see legals)
Auction Surveyor: Rob Hills
Contact : 0207 614 9933
Robert.hills@strettons.co.uk
MONDAY 1ST JUNE 2026 - 1.00 - 2.00PM
Wednesday 03rd June at 14:00pm - 15:00pm
"The Property is sold subject to and with the benefit of a Lease of the ground floor shop dated 26th June 2020 granted to Merve Dari ("the Tenant") for a term of 15 years commencing on 26th June 2020 ("the Lease"), a copy of which is included in the Legal Pack.
The Seller confirms that the Lease has not been registered at HM Land Registry. As a lease for a term exceeding 7 years, the Lease takes effect as an equitable interest only by virtue of section 27(2)(b) of the Land Registration Act 2002. The Seller confirms that registration of the Lease was and remains an obligation of the Tenant.
The Seller further confirms that the Tenant is in occupation of the ground floor shop, that the rent is up to date and that there are no known subsisting breaches other than the failure to register the Lease.
The Buyer acknowledges that it has had the opportunity to inspect the Legal Pack including the Lease and purchases the Property with full knowledge of the Lease and its unregistered status. The Buyer shall raise no requisition, objection, or claim for compensation against the Seller in respect of the Tenant's failure to register the Lease or in respect of the Lease taking effect as an equitable rather than a legal interest.
The Buyer acknowledges that it will take the Property subject to the Tenant's equitable interest under the Lease and shall not take any step that would undermine, disturb, or extinguish the Tenant's occupation or rights under the Lease. Any liability arising from the Tenant's failure to register the Lease shall not affect the Seller after the date of completion.
The Buyer is purchasing with full knowledge of the position and that the sale price reflects the property being sold subject to the equitable lease. "
Joint Auctioneer:
* The Notice to Bidders, which can also be seen on the inside front cover of the hard copy catalogue, includes a definition of Guide Price [section #16] Note that in addition to the purchase price there is a buyer’s administration fee [section #11] and there may be additional non-optional fixed or variable fees and costs [section #12]. To establish the full cost of purchasing a property, please inspect the legal documentation/special conditions. Please also check strettons.co.uk for updates.
