Prominent Victorian corner asset with reversionary upside for investors.
Zone 1 freehold pub plus 84-bed hostel, total 6,428 sq ft
Short-dated lease to Oct 3, 2026; current rent £90,203 pa
Excluded from LTA 1954 — vacant possession possible on expiry
Tenant owns fixtures and fittings; limited control until lease ends
Prominent Victorian corner building; close to Borough Market and transport
Not listed and outside a Conservation Area — conversion potential
EPC C-67; Rateable Value £60,000 (2023)
No private garden, small plot; local area records very high crime
A rare Zone 1 freehold investment combining a ground-floor public house with an 84-bed hostel across upper floors. The property occupies a prominent Victorian corner building a short walk from Borough Market and London Bridge, delivering strong pedestrian footfall and excellent transport links via Borough underground (Northern Line).
The entire building is let to Minni 1 Limited until 3 October 2026 at a current rent of £90,203 pa (stepped increase to £90,207 pa in 2025). The vendor is inviting offers in excess of £1,950,000 (c. 4.35% NIY), offering a low capital value per sq ft for central London stock and opportunity for reversionary value on lease expiry.
Key practical points: fixtures and fittings are owned by the tenant; the lease is excluded from parts of the Landlord and Tenant Act 1954 so vacant possession is possible on expiry; the building is not listed and is outside a conservation area, which may ease change-of-use or redevelopment proposals subject to planning. EPC rating C-67 and Rateable Value £60,000 (2023).
Important drawbacks: tenancy runs only until October 2026, so income is short-dated; the tenant holds the fixtures and fittings; the local area records very high crime levels, and the site has no private garden and a small plot footprint. Prospective purchasers should request full particulars, floorplans and arrange a site inspection.
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