Property photos
Freehold
£950,000
(£325.45/sq. ft)
Retail premises for sale
67-69 Lee High Road, Lewisham, London SE132,919 sq. ft
Local area information
Property location
Nearby amenities
- St Saviour's Catholic Primary School 0.2 miles
- St Matthew Academy 0.3 miles
- Lewisham 0.4 miles
- Lewisham 0.5 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Lewisham, Hither Green and Ladywell to find out more about the local area.
Features and description
- Freehold
- Prominent period building over three storeys
- Strong redevelopment and value-add angles (STP)
- 67 Lee High Road: £12,000 p.a. - 10yr lease from Feb 2019 (3yrly rent reviews)
- 69 Lee High Road: £13,000 p.a. - 15yr lease from Nov 2013 (3yrly rent reviews)
- Both leases are outside the 1954 Act and have outstanding rent reviews
- Both flats sold with vacant possession.
- Lapsed rear extension consent (Ref: DC/16/098404)
- Not in a conservation area
- Total passing rent: £25,000 p.a.
A high-potential mixed-use freehold investment comprising two ground floor commercial units and two spacious two-bedroom flats above. Both flats are sold with vacant possession and require modernisation, offering scope to add rental income of c. £48,000 p.a. Once refurbished.
The shops are significantly under rented, with outstanding rent reviews providing clear uplift potential. Overall, the property produces just 29% of erv (£86,250 p.a.), offering strong reversionary upside.
Extending to c. 2,919 sqft with a large rear terrace, the property also presents value-add and redevelopment opportunities (STP). Options include reconfiguring layouts, extending, or converting to additional flats or a large HMO. Relocating/removing the central staircase could further optimise layouts.
Highlights
- Prominent period building over three storeys.
- Significant reversionary and redevelopment potential (STP).
- 67 Lee High Road: £12,000 p.a. – 10-year lease from Feb 2019 (3-yearly rent reviews).
- 69 Lee High Road: £13,000 p.a. – 15-year lease from Nov 2013 (3-yearly rent reviews).
- Both shops under-rented, with reviews offering clear scope for uplift (see table below).
- Two vacant two-bedroom flats, requiring modernisation; once refurbished, they could produce c. £48,000 p.a. In total.
- Lapsed rear extension consent (Ref: DC/16/098404).
- Not in a conservation area
- Reversionary upside: Current rent of £25,000 p.a. Is only c.29% of erv (£86,250 p.a.), providing strong asset management and income growth potential.
A rare opportunity to reposition a centrally located mixed-use asset with both short-term value-add and long-term growth potential.
The shops are significantly under rented, with outstanding rent reviews providing clear uplift potential. Overall, the property produces just 29% of erv (£86,250 p.a.), offering strong reversionary upside.
Extending to c. 2,919 sqft with a large rear terrace, the property also presents value-add and redevelopment opportunities (STP). Options include reconfiguring layouts, extending, or converting to additional flats or a large HMO. Relocating/removing the central staircase could further optimise layouts.
Highlights
- Prominent period building over three storeys.
- Significant reversionary and redevelopment potential (STP).
- 67 Lee High Road: £12,000 p.a. – 10-year lease from Feb 2019 (3-yearly rent reviews).
- 69 Lee High Road: £13,000 p.a. – 15-year lease from Nov 2013 (3-yearly rent reviews).
- Both shops under-rented, with reviews offering clear scope for uplift (see table below).
- Two vacant two-bedroom flats, requiring modernisation; once refurbished, they could produce c. £48,000 p.a. In total.
- Lapsed rear extension consent (Ref: DC/16/098404).
- Not in a conservation area
- Reversionary upside: Current rent of £25,000 p.a. Is only c.29% of erv (£86,250 p.a.), providing strong asset management and income growth potential.
A rare opportunity to reposition a centrally located mixed-use asset with both short-term value-add and long-term growth potential.
Floor plans and tours
Floor plans (2)
More information
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