88 Tower Bridge Road London SE1 4TP

88 Tower Bridge Road
London
SE1 4TP

Freehold Retail and Residential Investment

Retail let until 2019
Includes a self-contained two bedroom maisonette on upper floors
Busy Central London Location
Nearby occupiers include Greggs, Ladbrokes, William Hill and Tesco
Approximately ½ mile from Tower Bridge and the Tower of London

Lot
4
Auction
9th July 2014
Rent
£28,900 per Annum Exclusive
Status
Sold
Price
£475,000
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Retail and Residential Investment

Retail let until 2019
Includes a self-contained two bedroom maisonette on upper floors
Busy Central London Location
Nearby occupiers include Greggs, Ladbrokes, William Hill and Tesco
Approximately ½ mile from Tower Bridge and the Tower of London

Lot 4
Auction 9th July 2014
Rent £28,900 per Annum Exclusive
Status Sold
Price £475,000
Sector
High Street Retail
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: ½ a mile south of the City of London, 2.5 miles south-east of the West End
Roads: Tower Bridge Road (A100), A2, A3
Rail: Borough Underground Station (Northern Line), Elephant and Castle National/Underground Station (Northern & Bakerloo Lines)
Air: London City Airport, London Heathrow Airport, London Gatwick Airport

Situation

The property is located on the busy arterial route between south east London and the City of London and is prominently situated on the east side of the busy Tower Bridge Road close to its junction with Grange Road. Nearby occupiers include Greggs, Ladbrokes, William Hill, HSS and Tesco. The property benefits from being approximately ½ a mile from Tower Bridge, The South Bank and the Tower of London whilst the historic Bermondsey Antique Market is some 50m to the north.

Tenure

Freehold.

Location

Miles: ½ a mile south of the City of London, 2.5 miles south-east of the West End
Roads: Tower Bridge Road (A100), A2, A3
Rail: Borough Underground Station (Northern Line), Elephant and Castle National/Underground Station (Northern & Bakerloo Lines)
Air: London City Airport, London Heathrow Airport, London Gatwick Airport

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail accommodation with a self-contained two bedroom maisonette on the first and second floors. The property benefits from a rear yard.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises ground floor retail accommodation with a self-contained two bedroom maisonette on the first and second floors. The property benefits from a rear yard.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Restaurant	51.35 sq m	(553 sq ft)	INDIVIDUAL t/a Jad Grill	10 years from 17/12/2009	£14,500	17/12/2014
First & Second	Residential – 2 Bedroom Maisonette	Not Measured		INDIVIDUALS	AST for 12 months from 23/08/2013	£14,400 (1)
Totals		51.35 sq m	(553 sq ft)			£28,900

(1) The rent reserved under the terms of the Assured Shorthold Tenancy is £1,200 per calendar month exclusive. The rent shown above has been annualised.