In October 2021, Clay Street completed on the sale of this Prime Mixed Use Investment on behalf of clients of CBRE Investment Management. The sale attracted strong initial interest from a range of developers and retail focussed investors.

• The property is situated a prime retail trading position directly opposite Brixton tube station in the London Borough of Lambeth.
• Freehold asset comprising six retail units, a college at first floor with seven residential units above. The buildings connect to form an ‘L’ shaped development fronting Brixton Road and the return on Tunstall Road.
• Total retail accommodation of 13,492 sq ft, office/educational of 3,408 sq ft; together with a service yard to the rear the site extends to 0.43 acre.
• The property is 100% let with a large proportion secured against the recently renewed The Body Shop and Poundland.
• Potential to develop above the rear service yard, design options considered in detail by architects, 3DReid.
• Leases structured to create the opportunity to gain vacant possession to enable development in the short to medium term.

The asset was acquired by Essential Living for £12,500,000 reflecting a net initial yield of 5.75% after costs. Levy Real Estate advised the purchaser.