From
£145,000
Property for saleLewisham High Street, London SE13
About this property
To be offered on Wednesday 22 April
Virtual Freehold Shop Investment
Comprising shop with land to the rear
Well located on Lewisham High Street
Shop holding over with new 10 year lease to October 2034 agreed
Head lease permits Class E use or Residential
Maybe suitable for redevelopment subject to consents
Investment let at £15,600 p.a. (10.75% giy on Guide Price)
Auction Sale - 21/04/2026 - To book viewings, view the legal pack and register to bid please refer to the full sales particulars on the Savills Auctions website. -
Well positioned virtual freehold shop and land to the rear. Shop holding over with new 10 year lease to October 2034 agreed with future devleopment potential subject to consents. Current Rent Reserved £15,600 p.a.
Description
The property is arranged over ground floor only to provide a ground floor shop along with land to the rear.
Location
The property occupies a prominent position on Lewisham High Street in South East London, set within a busy stretch of established local shops, services, and amenities. The area benefits from strong footfall and good connectivity, with Ladywell rail station providing convenient transport links nearby. The open green spaces of Ladywell Fields are also easily accessible, enhancing the appeal of the wider location.
Transport
Railway - Ladywell rail station provides convenient mainline services within close proximity, offering direct links into Central London and wider South East London.
Bus - The location is also well served by numerous local bus routes running along Lewisham High Street, ensuring excellent accessibility for commuters, shoppers, and residents.
Tenancy
Let to an individual (t/a Precious Sprouts) on a lease that expired in October 2024. A lease renewal for a term of 10 years from October 2024 has been agreed but not yet completed. The current rent payable is £15,600 per annum.
Previous Sprouts website
Accommodation
Site area approximately 102.80 sq m (1,106 sq ft)
Planning
The property lies within the jurisdiction of the London Borough of Lewisham and is subject to its planning policies and guidance.
The head lease permits use as Class E (shop) or residential, providing flexibility for a purchaser who may wish to convert part of the building in the future, subject to obtaining the necessary planning consents (STPP).
The rear of the shop benefits from a licence to alter permitting the shop to be converted into a flat.
In addition, the land at the rear offers potential for future extension or could be utilised as private amenity space for a residential unit, again subject to planning permission.
Interested parties are advised to make their own enquiries with Lewisham Council to confirm that any proposed works or changes of use are acceptable.
Website: London Borough of Lewisham
Mortgage calculator
£725 per month
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