Land for sale in Brighton Buildings, 42-62 , Tower Bridge Road, London, SE1 4TR

The Brighton Building is situated on Tower Bridge Road which benefits from a busy thoroughfare and is within walking distance of the popular Borough Market, Bermondsey Street and Maltby Street Market providing a variety of restaurants, street food, bars and cafes. The property has excellent transport connections to central London via numerous buses plus London Bridge station is an 8 minute walk, offering direct routes to the West End, City, Docklands and south.

This freehold opportunity comprises 5 retail units measuring approximately 430 sq ft and two units at 860 sq ft (which can be reverted into 4 units at 430 sq ft), 28 x 1 and 2 x 2 bed flats paying a peppercorn ground rent. One additional retail unit has been bought by the Co-op who, in effect, own the long leaseholds for all of the residential units. As the Co-op no longer have a use for the building, it could be possible to purchase this unit back from them. The residential units have 89 years long lease remaining with a yield of 4.5% this would give a value of £225,000. In addition, there is a large car park to the rear and there could be a potential to develop 11 flats above.