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55-57 Borough High St 1,453 sq ft Retail Unit Offered at £1,500,000 in London SE1 1NE
Investment Highlights
- Freehold ownership with future vacant possession in April 2027
- High Footfall Area Close to London Bridge Station
- Prime Borough High Street location opposite Borough Market
- Potential to Convert Upper Parts to Residential
Executive Summary
The property occupies a prominent position on the east side of Borough High Street, directly opposite the renowned Borough Market in the heart of Bankside. This is a well-established, high-footfall retail, leisure, and commercial area, with nearby occupiers including Holland & Barrett, Pret, Ryman, Subway, Wasabi and The George / Coach House pubs. London Bridge station offering mainline services and the Northern and Jubilee underground lines is only a very short walk away. Extensive recent and ongoing redevelopment has transformed the wider Bankside and London Bridge quarter into one of London’s most desirable destinations for business, leisure, and residential use.
1 Unit Available
- Unit
- Unit Size
- Unit Use
- Price
- NOI
| Sale Type | Investment | Tenure | Freehold |
| Net Initial Yield | 4.33% |
| Sale Type | Investment |
| Net Initial Yield | 4.33% |
| Tenure | Freehold |
The property comprises a compact mid-terrace period building arranged over basement (ceiling height approx. 6 ft 6 ins / 2ms), ground floor and three upper floors. The ground floor provides an open-plan sales area behind a prime retail frontage position with a central staircase leading to the upper levels, each of
which contains two small rooms positioned front and back on either side of the stairwell.
| Unit | Unit Size | Unit Use | Price | NOI |
| Unit 57 | 1,453 sq ft | Retail | £1,500,000 (£1,032.35/sq ft) | £65,000 |
Unit 57
| Unit Size |
| 1,453 sq ft |
| Unit Use |
| Retail |
| Price |
| £1,500,000 (£1,032.35/sq ft) |
| NOI |
| £65,000 |
Unit 57
| Unit Size | 1,453 sq ft |
| Unit Use | Retail |
| Price | £1,500,000 (£1,032.35/sq ft) |
| NOI | £65,000 |
| Sale Type | Investment |
| Net Initial Yield | 4.33% |
| Tenure | Freehold |
| Description | |
|
Current use is restaurant / takeaway with ancillary accommodation and rooms above. There is potential to convert the upper parts to residential use subject to planning permission. The property comprises a compact mid-terrace period building arranged over basement (ceiling height approx. 6 ft 6 ins / 2ms), ground floor and three upper floors. The ground floor provides an open-plan sales area behind a prime retail frontage position with a central staircase leading to the upper levels, each of which contains two small rooms positioned front and back on either side of the stairwell. |
|
| Sale Notes | |
| The building is currently occupied by a restaurant and takeaway operator, with the existing lease due to expire in April 2027. |
Property Facts
| Total Property Size | 2,190 sq ft | Floors | 5 |
| Property Type | Retail (Unit) | Typical Floor Size | 825 sq ft |
| Property Subtype | Shopfront Retail / Residential | Year Built | 1774 |
| Costar Property Class | C | Total Plot Size | 0.03 ac |
| Total Property Size | 2,190 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront Retail / Residential |
| Costar Property Class | C |
| Floors | 5 |
| Typical Floor Size | 825 sq ft |
| Year Built | 1774 |
| Total Plot Size | 0.03 ac |
Amenities
- Bus Route
- Commuter Rail
- Security System
Nearby Major Retailers
Presented by
55-57 Borough High St
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