Property photos
Freehold
£930,000
Retail premises for sale
32 Montpelier Vale, London, Greater London SE3Local area information
Property location
Nearby amenities
- Heath House Preparatory School 0.1 miles
- John Ball Primary School 0.1 miles
- Blackheath 0.1 miles
- Kidbrooke 0.9 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guides for Blackheath, Blackheath Park and Westcombe Park to find out more about the local area.
Features and description
- Freehold
- Freehold mixed use investment plus 2 flats above
- Retail shop let to pets corner
- Good rental growth
- Potential residential lease extension
A ground floor lock-up shop premises, one of the larger retail outlets in the Village, let to Pets Corner. In addition there are 2 self-contained flats above both sold on residential leases - one having approximately 67 years unexpired.
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
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
More information
Listed by
John Payne Commercial
View agent properties.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - John Payne Commercial. 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 John Payne Commercial for full details and further information.