SE3 32 Montpelier Vale, Blackheath, London

A ground floor lock-up shop premises, one of the larger retail outlets in the Village, let to Pets Corner. In addition there are 2 self-contained flats above both sold on residential leases - one having approximately 67 years unexpired.

Shop let to multiple covenant at £56,000pa

Assignment of 15 year FRI lease from May 2023 incorporating 5 yearly rent reviews

Next rent review May 2028

No provision for early termination

Lease within 1954 Landlord and Tenant legislation

Significant potential for rental uplift

Potential premium for residential lease extension

Current total income approximately £56,000 pa

*Pets corner turnover for year end September 2023 £90m + and profits before tax of £9.3m

The property is located on the East side of Montpelier Vale close to the junction with Wemyss Road and a few minutes walk of the station. Lewisham town centre lies some 1.3 miles to the West and Bromley 4.9 miles to the South