• Address
    Sainsbury’s and Costa, Great Suffolk Street, London
  • Price
    £4,350,000
  • Yield
    4.25%
  • Sector
    Mixed Use
  • Size
    5,908 Sq Ft
  • Lease Term
    Prime high street retail investment close to the Tate Modern. Let in Part to Sainsbury’s/Costa on 15-year leases with RPI uplifts.
  • Client
    Overseas Real Estate Investment Company
  • Type
    Acquisition

Sainsbury’s and Costa – London

The property is located on Great Suffolk Street, in close proximity to its junction with Southwark Street, the A3200 which links London Bridge to Blackfriars Bridge.

Great Suffolk Street is a busy thoroughfare which has undergone an amazing transformation in recent times driven by the opening of the Tate Modern in 2000, which is only 300 metres to the north. Since then, many new developments have been built to include a 180 bed Premier Inn Hotel and a 230 room Unite Halls of Residence whilst a new 280 room 5* Hilton Hotel is under construction on the adjoining site.

The 400,000 sq ft Bankside 123 development is only 200 metres to the north with its bars/restaurants and corporate office occupiers of RBS and IPC Media. Such developments, together with numerous smaller residential developments have made Great Suffolk Street a vibrant location.

The street is also highlighted on the Tate Walk which guides people from Southwark station to the Tate Modern. As such, thousands of visitors to the Tate pass by on a daily basis.

Contacts

Steve Orzel

+44 (0)20 7112 8571

Anthony Friedman

+44 (0)20 7112 8572