98 Tower Bridge Rd | London SE1 4TP
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98 Tower Bridge Rd
London SE1 4TP
Retail Property For Sale
Investment Highlights
- Comprising a lock up shop with two floors of residential above
- The shop is currently a Turkish barber shop for which it has been well fitted
- The property fronts this very busy main road in a fast improving area
- Sandwiched between the southern end of Bermondsey Street and the massive developments taking place along Old and New Kent Roads
Executive Summary
Comprising a lock up shop with two floors of residential above, probably dating from the late Victorian era. The shop is currently a Turkish barber shop for which it has been well fitted, including a roller shutter door, toilet heating and entrance to the rear.
The property is currently let to Dapper Grooming for a term of 10 years subject to 5 yearly upward only reviews which commenced on the 5th of February 2024. The upper floors were sold off on very long leases some years ago paying a peppercorn ground rent.
The property is currently let to Dapper Grooming for a term of 10 years subject to 5 yearly upward only reviews which commenced on the 5th of February 2024. The upper floors were sold off on very long leases some years ago paying a peppercorn ground rent.
PROPERTY FACTS Sale Pending
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
525 SF
Building Class
B
Year Built
1900
Price
$450,616 CAD
Price Per SF
$858 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Frontage
20 ft on Tower Bridge Road
Amenities
- Bus Line
- Security System
- Signage
- Automatic Blinds
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