One of London’s favourite markets has hit the market – with an estimated price tag of £80,000,000.
Brixton Market has been owned by the same two companies since 2018, but have now listed the iconic location with Savills and Bruce Gillingham Pollard.
The large location attracts around 5 million visitors each year, with its wide variety of shops and eateries.
90% of the sprawling market is let out to individual companies and businesses.
The market in Brixton dates back to the 1870s, and is comprised of an astounding 179 shops and restaurants.
Oliver Bamber, a director in Savills’ central London investment team, told the Standard: ‘Brixton Market is an exciting opportunity for a buyer to own a truly unique London destination, which is located at the heart of the vibrant Brixton community.
‘The Markets attract nearly 100,000 visitors each week, and is an irreplaceable property that enables a buyer expand upon Brixton’s local significance and legacy.
‘With consistently high occupancy and tenant retention levels, as well as a strong underlying reversion, Brixton Market is strategically positioned for future growth, all while staying true to its tradition of supporting the local community.’
Wesley Ankrah, Savills director of social value, added: ‘Representing over 32 nationalities, Brixton Market is a cornerstone of local entrepreneurship and success, offering not just financial returns but also a direct social impact.’
