On behalf of private clients, Cooper Rose Real Estate has today completed the sale of Butlers Wharf, Shad Thames, London SE1.
The property comprises a 17,733 sq ft restaurant across ground and lower ground floors, plus an outdoor seating area.
The property is let to Mitchells and Butlers Retail Limited (trading as Browns Bar & Brasserie) until 28 September 2028 at a current rent of £320,000 per annum.
The price achieved was in excess of the asking terms of £6,050,000, reflecting a net initial yield of 5%.
Contact Ben Rose or Giles Cooper or our joint agents Springer Nicolas.