John The Unicorn Pub 157-159 Rye Ln 5,531 sq ft Retail Property London SE15 4TL £1,200,000 (£216.96/sq ft) 6.67% Net Initial Yield

A rare opportunity to acquire a freehold public house investment located in the popular South London district of Peckham.
We are instructed to invite offers in excess of £1,200,000 (6.67% NIY) assuming usual purchaser’s costs. A sale at this level would reflect a very low capital value of £217 per square foot.
The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.
Tenure and Tenancy
The property is held freehold (Title Number 241992).
The property is let to Gosnells Beverages Ltd on a 20-year lease from 5 November 2025 at an initial rent of £85,000 per annum, which is payable quarterly in advance. The lease provides for five-yearly open market rent reviews in 2030, 2035 and 2040. The lease is contracted out of the Landlord and Tenant Act 1954 and is subject to a mutual break option in 2035, exercisable on not less than six months’ notice.
Gosnells Beverages Ltd is an established London brewer and hospitality business formed in 2014, operating from its Enid Street taproom in Bermondsey and, more recently, John the Unicorn in Peckham.
Description
John the Unicorn is arranged over the ground, first and second floors of a mid-terraced property fronting Rye Lane. The building is of traditional brick construction beneath a pitched roof, with a prominent glazed frontage at ground floor level and upper floor accommodation above.
Accommodation
GROUND FLOOR:
The ground floor comprises an open plan bar area with central servery and mixed seating for approximately 70 covers. A DJ area is positioned to one side. Ancillary areas include accessible WC, hoist, under-stairs cupboard and small rear cellar.
FIRST FLOOR:
The first floor provides a series of trading areas, including a bar with servery, the Rosary Room, and a restaurant area with open kitchen, providing approximately 66 covers. Customer WCs and a hoist are also located on this floor.
SECOND FLOOR:
The second floor contains a walk-in fridge, two larger rooms and two smaller rooms providing storage and ancillary accommodation.
Local information
Located in Peckham, a well-established South London district, John the Unicorn occupies a prominent position on Rye Lane, one of the area’s main commercial thoroughfares. The surrounding locality benefits from regular footfall and a broad mix of retail, leisure and food and beverage occupiers, together with a strong local residential catchment that supports day-to-day and evening trade. Surrounding occupiers include a number of independently owned retail and restaurant units as well as national groups such as William Hill, McDonald’s and Santander.
Peckham Rye Station is within easy walking distance, providing convenient access via London Overground and National Rail services to Central London and the wider South East. The property therefore benefits from good public transport connectivity and an established position within one of South London’s best-known mixed-use neighbourhoods.