Guide price
£950,000
(£163.57/sq. ft)
Pub/bar for saleOld Dover Road, Blackheath SE3
5,808 sq. ft
About this property
Freehold
Income-producing
Investment
Commercial Investment
Pub Investment
Highly reversionary
Long income
Low capital value
• Attractive Victorian corner public house with residential accommodation over the upper floors and front and rear gardens.
• Prominently positioned in affluent Blackheath Standard on Old Dover Road (B211) adjoining Shooters Hill Road (A207).
• Extending circa 5,808 sqft (540 sqm) gia.
• Let on a new Fully Repairing and Insuring lease to EI Group Ltd (a wholly owned subsidiary of Stonegate Pub Company Ltd).
• Guaranteed by Stonegate Pub Company Ltd, who are the UK’s largest pub operator, trading from over 4,500 locations.
• The lease commenced in January 2026 for a term of 25 years with no break options.
• Extremely low passing rent of £60,000 per annum exclusive (£10.33 per sqft).
• Five yearly cpi-linked rent reviews, annually compounded, with a collar of 1% and cap of 4%.
• Significant reversionary potential underpinned by the low passing rent, residential accommodation in the upper floors, and apparent development potential to the side and rear.
• The guide price reflects a low capital value of £163 per sqft, and a Net Initial Yield of 6.05% (assuming purchaser's costs of 4.4%).
• The guide price is less than the building’s replacement cost.
• Prominently positioned in affluent Blackheath Standard on Old Dover Road (B211) adjoining Shooters Hill Road (A207).
• Extending circa 5,808 sqft (540 sqm) gia.
• Let on a new Fully Repairing and Insuring lease to EI Group Ltd (a wholly owned subsidiary of Stonegate Pub Company Ltd).
• Guaranteed by Stonegate Pub Company Ltd, who are the UK’s largest pub operator, trading from over 4,500 locations.
• The lease commenced in January 2026 for a term of 25 years with no break options.
• Extremely low passing rent of £60,000 per annum exclusive (£10.33 per sqft).
• Five yearly cpi-linked rent reviews, annually compounded, with a collar of 1% and cap of 4%.
• Significant reversionary potential underpinned by the low passing rent, residential accommodation in the upper floors, and apparent development potential to the side and rear.
• The guide price reflects a low capital value of £163 per sqft, and a Net Initial Yield of 6.05% (assuming purchaser's costs of 4.4%).
• The guide price is less than the building’s replacement cost.
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Monthly repayment
£4,752 per month
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