£950,000
Pub/bar for sale
Property photos
Guide price
£950,000
(£163.57/sq. ft)
Pub/bar for sale
Old Dover Road, Blackheath SE3Local area information
Property location
Nearby amenities
- Leigh Academy Blackheath 0.1 miles
- Sherington Primary School 0.3 miles
- Westcombe Park 0.7 miles
- Charlton 0.8 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Kidbrooke, Charlton and Westcombe Park to find out more about the local area.
Features and description
- Freehold
- Income-producing
- Investment
- Commercial Investment
- Pub Investment
- Highly reversionary
- Long income
- Low capital value
• Prominently positioned in affluent Blackheath Standard on Old Dover Road (B211) adjoining Shooters Hill Road (A207).
• Extending circa 5,808 sqft (540 sqm) gia.
• Let on a new Fully Repairing and Insuring lease to EI Group Ltd (a wholly owned subsidiary of Stonegate Pub Company Ltd).
• Guaranteed by Stonegate Pub Company Ltd, who are the UK’s largest pub operator, trading from over 4,500 locations.
• The lease commenced in January 2026 for a term of 25 years with no break options.
• Extremely low passing rent of £60,000 per annum exclusive (£10.33 per sqft).
• Five yearly cpi-linked rent reviews, annually compounded, with a collar of 1% and cap of 4%.
• Significant reversionary potential underpinned by the low passing rent, residential accommodation in the upper floors, and apparent development potential to the side and rear.
• The guide price reflects a low capital value of £163 per sqft, and a Net Initial Yield of 6.05% (assuming purchaser's costs of 4.4%).
• The guide price is less than the building’s replacement cost.
Floor plans and tours
Floor plans (1)
1 floor plan available
View the floor plan to understand the space and layout of this property.
More information
Listed by
Elem Real Estate
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - Elem Real Estate. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Elem Real Estate for full details and further information.