Savills | The Bridge Tap, 32-34 Borough High Street, SE1 1XU | Property for sale
226.31 to 481.61 sq m(2,436 to 5,184 sq ft)
Excess of £4,500,000($6,332,274)

The Bridge Tap, 32-34 Borough High StreetSE1 1XU

  • Sold
  • Virtual freehold
Leisure
226.31 to 481.61 sq m (2,436 to 5,184 sq ft)

Key features

  • Virtual freehold public house investment
  • Prime location on Borough High Street
  • Business unaffected by sale
  • Close to Borough Market, The Shard, Guy’s Hospital and Southwark Cathedral
  • Let to the Stonegate Pub Company, the UK’s largest pub company with an estate of around 4,500 sites
  • Current rent of £215,000 per annum subject to RPI increases from 2021
  • Lease expiry December 2040 giving an unexpired term of 20 years
  • We are seeking offers in excess of £4,500,000 (4.50% NIY)

Pub Investment For Sale. Located in the heart of Southwark fronting Borough High Street in one of London’s most vibrant areas.

About this property

  • Description
    The Bridge Tap is arranged over the ground and basement of a five storey building with brick elevations beneath a slate mansard roof.

    Terms
    We are instructed to invite offers in excess of £4,500,000 (4.50% NIY) assuming purchasers costs of 6.57%.

    The business will continue to trade unaffected from the premises during the marketing of the property and post completion of the sale.

Local information

  • Located in the heart of Southwark fronting Borough High Street in one of London’s most vibrant areas having benefited from significant investment and regeneration in recent years.
  • The area is home to London’s tallest building, The Shard, which was completed in 2012 and has benefited from the recent £1bn redevelopment of London Bridge Station which has further enhanced its reputation as one of the capital’s major transport terminals with in excess of 61m passengers using the station in 2019.
  • The Bridge Tap occupies a prime position fronting Borough High Street, an established leisure and tourist destination in Southwark known for is excellent mix of bars, restaurants and tourist attractions.

Energy performance

EPC Rating is E (106)

Available space

Floor / UnitTypeSizeStatus
Ground-2436 sq ftSold
Basement-2748 sq ftSold