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Retail Investments, Ground Rents for Sale
Montpelier Vale, Blackheath, London, SE3
Retail Investments, Ground Rents for Sale
Montpelier Vale, Blackheath, London, SE3
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
Location
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 SouthRelated links
Investment property for SaleInvestment property for Sale in LondonInvestment property for Sale in BlackheathJohn Payne Commercial
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