14 Royal Parade, Blackheath, London, SE3 0TL

  • Freehold Investment Overlooking Blackheath Common
  • Ground Floor Shop and Basement + Self Contained 3 Bed Flat
  • Potential for 2 flats, subject to planning
  • Total Rental Income £56,400 pa
  • Freehold

Description

A freehold investment comprising ground floor and basement of approximately 1324 sq ft (123 sq m) currently trading as Yield Art Gallery. The upper part comprises a 3 bedroom self-contained apartment over 3 floors which has been completely renovated within the last 3 years. Gross area approximately 1144 sq ft (106 sq m) with potential for 2 flats subject to planning. Ground floor shop and basement let to Yield Art Gallery on a lease by way of assignment for a term of 10 years from September 2018 at £30,000 per annum subject to review in September 2023, Self-contained 3 bedroom, 2 bathroom apartment over 3 floors overlooking Blackheath Common - let on AST for 12 months from 31st July 2022 producing £26,400 per annum gross, The whole property has been maintained throughout to a very high standard.

Location

The property occupies an enviable position overlooking Blackheath Common in an active trading parade where other occupiers include Cote restaurant and a raft of other eating establishments. The village has a number of fashion shops, bars and restaurants serving the densely populated residential area nearby. Blackheath railway station is within 4 minutes' walk offering fast and frequent services to London Charing Cross and Victoria.