184-186 Westcombe Hill, Blackheath, SE3 7DH

  • FOR SALE FREEHOLD
  • COMMERCIAL INVESTMENT WITH RESIDENTIAL POTENTIAL
  • A2 OFFICES & VACANT UPPER PART PLUS POTENTIAL TO EXTEND
  • GOOD LOCATION IN BLACKHEATH

Description

A pair of A2 office premises on ground and basement floors, plus a self-contained upper part on two floors with potential for a third. This is currently used as a Complimentary Health Centre but would easily convert into residential (subject to planning) and provide 4 flats and possibly more by utilising the high roof space. There are doors on both landings leading out onto a flat ROOF TERRACE/FIRE ESCAPE. The ground floor and basement of 184 is occupied by Brown & Brooke and 186 by Your Move, both estate agents. Lease terms as below. 184 - Renewed lease of ground floor and basement from February 2020 for 10 years with break clause and 5 year rent review to RPI. Current rent £19,000 pa. paid monthly + 33.3% service charges . 186 - Renewed 10 year lease of ground floor and basement from September 2016 with breaks and 5 year rent review, being September 2021, to open market value. Current rent £15,400 pa. paid quarterly in advance + 33.3% service charges.

Location

Situated in an area known as the Blackheath Standard opposite Marks & Spencer's supermarket on a busy junction between Westcombe Hill and Vanbrugh Park. Other users in the parade include Barclays Bank, Ladbrokes, together with a wide variety of independent retailers and restaurateurs.