Property photos
Guide price
£590,000
(£285.71/sq. ft)
Retail premises for sale
Well Hall Parade, London SE92,100 sq. ft
Local area information
Property location
Nearby amenities
- Eltham 0.1 miles
- Gordon Primary School 0.2 miles
- StreetVibes Media Academy 0.4 miles
- Kidbrooke 1.1 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Eltham, Eltham Park and Mottingham to find out more about the local area.
Features and description
- Two self-contained retail units, fully let producing £41,120 p.a.
- Freehold interest - secure income with rental growth potential
- Guide Price £590,000 (STC) - Gross Initial Yield approx. 7.0%
- No.13 (Gallery) with large trading area and two rear outbuildings
- Outbuildings offer potential for two residential studios (STPP)
- Prominent position next to Eltham Station
- Excellent road and rail links via A2 & South Circular
Location
The properties occupy a prominent position on Well Hall Parade, just off Well Hall Road (A208) and only 250 yards from Eltham Railway Station, which provides direct train services to London Bridge, Waterloo East, Charing Cross and Cannon Street in around 25 minutes.
Eltham is a busy suburban centre within the Royal Borough of Greenwich, approximately 9 miles south-east of Central London. The area benefits from a strong local population, a large commuter base, and ongoing investment in residential and retail development.
Nearby occupiers include Sainsbury's Local, Co-op, Costa Coffee, and Greggs, alongside various independent cafés, restaurants, and takeaways. Eltham High Street, located less than a mile to the south, has undergone significant regeneration in recent years, introducing new homes, leisure facilities, and enhanced public spaces.
Excellent road links are provided by the A2, approximately half a mile away, connecting to Canary Wharf, the Blackwall Tunnel, and the M25 (Junction 2). Numerous bus routes also serve Well Hall Road and the surrounding area.
Tenancy Schedule
13 Well Hall Parade (Gallery)
Let to a Gallery at a rent of £29,120 per annum on a lease expiring 31st October 2026.
The premises extend to approximately 1,577 sq.ft (146.5 m²) and include a large internal trading area with two self-contained outbuildings to the rear, which offer potential for conversion into two residential studios (STPP).
14 Well Hall Parade (Coffee Shop)
Let to a Coffee Shop at a rent of £12,000 per annum on a 10-year lease from January 2020, expiring December 2029.
The premises extend to approximately 519 sq.ft (48.2 m²).
Ground Rent Income
An additional £600 per annum is received from the upper parts, which are held on a long lease and arranged as HMOs.
Total Income: £41,720 per annum
Total Area: 2,096 sq.ft (194.7 m²)
Tenure: Freehold
Guide Price: £590,000 (subject to contract)
Gross Initial Yield: Approx. 7.1%
Asset Management Opportunity
In addition to the secure rental income, the property offers an excellent asset management and development opportunity.
The two outbuildings at the rear of No.13 are currently ancillary to the Gallery but are self-contained structures with independent access and services. Subject to planning consent, these could be converted into two residential studio units, providing potential to enhance both the property's capital value and rental return.
The properties occupy a prominent position on Well Hall Parade, just off Well Hall Road (A208) and only 250 yards from Eltham Railway Station, which provides direct train services to London Bridge, Waterloo East, Charing Cross and Cannon Street in around 25 minutes.
Eltham is a busy suburban centre within the Royal Borough of Greenwich, approximately 9 miles south-east of Central London. The area benefits from a strong local population, a large commuter base, and ongoing investment in residential and retail development.
Nearby occupiers include Sainsbury's Local, Co-op, Costa Coffee, and Greggs, alongside various independent cafés, restaurants, and takeaways. Eltham High Street, located less than a mile to the south, has undergone significant regeneration in recent years, introducing new homes, leisure facilities, and enhanced public spaces.
Excellent road links are provided by the A2, approximately half a mile away, connecting to Canary Wharf, the Blackwall Tunnel, and the M25 (Junction 2). Numerous bus routes also serve Well Hall Road and the surrounding area.
Tenancy Schedule
13 Well Hall Parade (Gallery)
Let to a Gallery at a rent of £29,120 per annum on a lease expiring 31st October 2026.
The premises extend to approximately 1,577 sq.ft (146.5 m²) and include a large internal trading area with two self-contained outbuildings to the rear, which offer potential for conversion into two residential studios (STPP).
14 Well Hall Parade (Coffee Shop)
Let to a Coffee Shop at a rent of £12,000 per annum on a 10-year lease from January 2020, expiring December 2029.
The premises extend to approximately 519 sq.ft (48.2 m²).
Ground Rent Income
An additional £600 per annum is received from the upper parts, which are held on a long lease and arranged as HMOs.
Total Income: £41,720 per annum
Total Area: 2,096 sq.ft (194.7 m²)
Tenure: Freehold
Guide Price: £590,000 (subject to contract)
Gross Initial Yield: Approx. 7.1%
Asset Management Opportunity
In addition to the secure rental income, the property offers an excellent asset management and development opportunity.
The two outbuildings at the rear of No.13 are currently ancillary to the Gallery but are self-contained structures with independent access and services. Subject to planning consent, these could be converted into two residential studio units, providing potential to enhance both the property's capital value and rental return.
Floor plans and tours
Floor plans (1)
More information
Listed by
Countrywide Commercial
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