TypeRetail Investments · Apartments · Flat in Commercial

SE3 143 Lee Road, Blackheath, London

TenureFor sale

143 Lee Road, Blackheath, London, SE3 1/1

Specification

Building size
Building size 2,000 sqft
Property type
Property type Retail Investments · Apartments · Flat in Commercial
Tenure
Tenure For sale

Description

A substantial five story Victorian building comprising of ground floor shop and basement with rear additions, let on an effectively FR&I Lease for a term of 15 years from 17/03/2023 at a rent of £24,000 PA 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. See plans attached. Current EPC for the upper is rated C, current EPC for the shop and basement rated D.

Shop and basement let at £24,000 PA - significant uplift on review.

Self-contained three bedroom maisonette over three floors.

Potential to convert to create separate flats.

Good opportunity for home and income.

Location

Situated on the East side of Lee Road, close to the junction with Lee High Road and Eltham Road equidistant to Lee and Blackheath railway stations. 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.

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