Revealed: 'For sale' sign hoisted over Brixton Market

For sale: Investors have the opportunity to buy Brixton Market, comprising Brixton Village and Market Row

A £30 million for-sale sign has been hoisted over one of London’s most vibrant properties — the food market in Brixton.

Listed landlord London & Associated Properties plans to sell the covered market, the Evening Standard can reveal.

There has been a market on this south London spot since the 1870s, with the specific sites up for sale — Brixton Village and Market Row — serving the Afro-Caribbean communities who migrated to Brixton in the Fifties. Today the buildings are home to 140 retailers and restaurants.

Market Row acts as a thoroughfare between Electric Avenue and Coldharbour Lane, and Brixton Village is nearby. The area has come under fire for becoming gentrified, driving up rents as luxury flats spring up across Brixton.

London & Associated Properties bought the covered markets in 2006. It originally mooted plans to redevelop Brixton Village, including building a 10-storey block of homes above it.

But locals campaigned against the plans, and the market was given Grade-II listing in 2010, cutting redevelopment options.

The properties are let to a division of private market operator Groupe Geraud. Rental income per year for the landlord is £1.3 million

Property firms GCW and Lewis & Partners have been appointed selling agents.