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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.

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
  • Listing ID: 31573651

  • Date on Market: 2024-04-22

  • Last Updated:

  • Address: 98 Tower Bridge Rd, London SE1 4TP

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