£750,000
(£429.55/sq. ft)
Retail premises for sale143 Lee Road, Blackheath SE3
1,746 sq. ft
EPC Rating: A
Freehold
About this property
Recently Reduced £750,000 Freehold
Investment Opportunity
Mixed Use Investment
Highly Visible Location
Five Story Victorian Property For Sale
Located Midway Between Lee And Blackheath Railway Station
Description
The property comprises a large five story Victorian building.
The commercial element comprises of ground floor shop retail area, lower ground floor, including kitchen and WC facilities, additional rear area (giving direct access onto Osborn Terrace at the rear) and basement fully tanked, kitted out and with good head height.
The tenant trades as a Veterinary surgeon and the premises has been fitted out to a very high level throughout, including good quality finishing in all areas, ac, a mix of LED and spotlights and mix of tiled and laminate wood floors. The premises are Let on an effectively fr&I Lease for a term of 15 years from 17/03/2023 at a rent of £24,000 pax subject to rent reviews on the anniversaries of the 5th and 10th year. With provisions for a tenant only break clause exercisable on the expiration of the 5th and 10th years upon giving 6 months prior written notice.
The upper part comprises a very spacious and well maintained self-contained maisonette over three floors. Providing a lounge, kitchen, 3 large bedrooms, a full bathroom with bath, shower and W.C and a separate shower room with W.C. In addition, benefiting from gfch and Double Glazing.
Location
The premises are located on the Eastern side of Lee Road, close to its junction with Lee High Road and Eltham Road and midway between Lee and Blackheath railway stations. There is a good mix of retailers with the nearby area being anchored by a Sainsburys supermarket.
The existing Lee Gate Shopping Centre is now largely vacant and about to be developed for a large-scale mixed-use development of commercial and residential space.
Viewings
Strictly via prior appointment with sole agents, Hindwoods
Ben Lewis
Terms
Freehold subject to lease in place to the commercial element.
The property comprises a large five story Victorian building.
The commercial element comprises of ground floor shop retail area, lower ground floor, including kitchen and WC facilities, additional rear area (giving direct access onto Osborn Terrace at the rear) and basement fully tanked, kitted out and with good head height.
The tenant trades as a Veterinary surgeon and the premises has been fitted out to a very high level throughout, including good quality finishing in all areas, ac, a mix of LED and spotlights and mix of tiled and laminate wood floors. The premises are Let on an effectively fr&I Lease for a term of 15 years from 17/03/2023 at a rent of £24,000 pax subject to rent reviews on the anniversaries of the 5th and 10th year. With provisions for a tenant only break clause exercisable on the expiration of the 5th and 10th years upon giving 6 months prior written notice.
The upper part comprises a very spacious and well maintained self-contained maisonette over three floors. Providing a lounge, kitchen, 3 large bedrooms, a full bathroom with bath, shower and W.C and a separate shower room with W.C. In addition, benefiting from gfch and Double Glazing.
Location
The premises are located on the Eastern side of Lee Road, close to its junction with Lee High Road and Eltham Road and midway between Lee and Blackheath railway stations. There is a good mix of retailers with the nearby area being anchored by a Sainsburys supermarket.
The existing Lee Gate Shopping Centre is now largely vacant and about to be developed for a large-scale mixed-use development of commercial and residential space.
Viewings
Strictly via prior appointment with sole agents, Hindwoods
Ben Lewis
Terms
Freehold subject to lease in place to the commercial element.
Mortgage calculator
Monthly repayment
£3,751 per month
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