132 Tanner Street, London, SE1 2HG
Virtual freehold, commercial investment, close to Maltby Street Market and Tower Bridge Road285,000
664 sq ft
retail
Under Offer
Key features
- Virtual Freehold 999 years, the headlease commenced in February 2020
- The whole property is occupied on a single lease, outside of the Act, expiring 2043
- Peppercorn ground rent
- Passing rent of £22,000 per annum
- Guaranteed rental increase through stepped rent mechanism and 5 yearly rent reviews
- Close proximity to London Bridge Station and Bermondsey stations
Property 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
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