Retail premises for sale in Lewisham High Street, London SE13

Offers over £725,000 (£457.99/sq. ft)
Interested in this property? Call +44 114 446 9322 * or Request Details

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Retail premises for sale 1,583 sq. ft*
Tenure: Freehold Council tax band: Not available

Property description

Key Points

  • Located in Lewisham, South East London directly opposite Lewisham Shopping Centre
  • Current income of £42,000 pa
  • Whole property (ground floor, first floor, and second floor) entirely let to tenant t/a Jenningsbet
  • Within a very high density area undergoing significant regeneration and investment
  • Medium / longer term potential to convert upper floors to residential use and / or add a further storey of accommodation
  • Nearby occupiers include Three, Marks & Spencer, Timpsons, Superdrug, McDonalds, Specsavers and so on
  • Description

    The property comprises a three storey building of brick construction with flat roof coverings. The building was constructed in the early 20th century. The accommodation is arranged at ground floor, first floor and second floor level. Internally the property is currently fitted our as a bookmakers with a sales area at ground floor with office and staff room at first floor; the second floor accommodation is used for storage. We understand the ground floor and first floor space was recently re-fitted by the current tenant.

    There is a concrete yard area to the rear / car parking use (1 or 2 cars).

    Tenure

    The property is offered for sale on a Freehold basis.

    Freehold - Title Number 413781

    Asset Management Potential

    The current lease was agreed during the initial onset of the March 2020 covid lockdown and therefore we are of the view that there should be some margin for an uplift in the rental level at the next lease event.

    We are of the opinion, should the tenant use the break option or vacate at the end of the lease, there is likely to be an opportunity to convert the upper floors to residential use whilst retaining the ground floor for commercial / retail use.

    There also may be scope for an additional floor or extension at 1st and/or second floor levels for residential use. We would advise interested parties to make their own enquiries with their professional advisers on this matter.

    Price

    Offers in excess of £725,000. We understand VAT is not payable on the purchase price.

    Legal Costs

    Each party to bear their own legal costs incurred in this transaction.

    Viewing Arrangements

    For further information or accompanied viewings, please contact the agent:
    Francois Neyerlin
    Telephone: Email:

    Viewings strictly via appointment with the agent only.

    Identity Checks

    In order to comply with Anti-Money Laundering Legislation, the successful purchaser will be required to provide certain identification documents. The required documents will be confirmed to and requested from the successful purchaser.

    Property info

    137Lewishamhighstreetse136Aahigh 1.Jpg View original

    * Sizes listed are approximate. Please contact the agent to confirm actual size.

    Arrange Viewing

    For more information about this property, please contact
    SMC Chartered Surveyors, S1 on +44 114 446 9322 * (local rate)

    Contact SMC Chartered Surveyors about this property

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    Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by SMC Chartered Surveyors, and do not constitute property particulars. Please contact SMC Chartered Surveyors for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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