October 1st 2024.
The bustling city of London is known for its vibrant markets, and one of the most beloved is Brixton Market. This iconic location has recently been put up for sale, with an estimated value of a whopping £80,000,000. For the past two years, Brixton Market has been under the ownership of two companies, but now it has been listed with real estate firms Savills and Bruce Gillingham Pollard.
With its prime location and diverse selection of shops and eateries, Brixton Market attracts approximately 5 million visitors each year. This sprawling market consists of 179 shops and restaurants, with 90% of its space being leased to individual businesses. Its rich history dates back to the 1870s, making it a cherished part of the Brixton community.
Oliver Bamber, a director at Savills, shared his excitement about the market, stating, "Brixton Market is an exciting opportunity for a buyer to own a truly unique London destination, which is at the heart of the vibrant Brixton community." This mix of shops and eateries have a strong appeal, drawing in nearly 100,000 visitors every week. It is a valuable property that not only provides financial gains, but also supports the local community and its traditions.
Wesley Ankrah, director of social value at Savills, also recognizes the impact of Brixton Market. He explains, "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." This market is more than just a place to shop and eat, it is a symbol of diversity and community in Brixton.
Despite its popularity and success, Brixton Market still has room for growth. Its consistently high occupancy rates and strong tenant retention levels make it a strategic investment for the future. And with its commitment to supporting the local community, this market will continue to thrive while staying true to its roots. Brixton Market is not just a market, it is a cultural hub and a valuable asset to London's diverse landscape.
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