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

John the Unicorn offers buyers a rare opportunity to acquire a substantial freehold public house investment located in the thriving and fashionable district of Peckham, South London. Occupying a prominent position on Rye Lane, one of the neighborhood’s most dynamic commercial corridors, this multi-level property is within close proximity to Peckham Rye Station, ensuring high footfall and superior transport connectivity to Central London and the South East.
The building spans basement, ground, first, and second floors with a combined internal area of approximately 5,531 sq ft. Featuring a prominent glazed frontage and contemporary interior layouts, the property is currently let to Gosnells Beverages Ltd on a secure 20-year lease from November 2025 at £85,000 per annum. This lease is subject to upward-only rent reviews every five years through 2040, with a mutual break option at year ten. The existing business remains unaffected by the sale, providing stability for incoming investors.
With offers sought in excess of £1,200,000, this asset reflects a net initial yield of 6.67% and a low capital value of £217 per sq ft, highlighting a compelling combination of income security and long-term capital growth prospects in one of South London’s most vibrant mixed-use districts.