Freehold Investment Opportunity For Sale

Tranquil Vale, Blackheath, London SE3

£900,000

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Description

Rare opportunity to purchase freehold income producing asset in the heart of Blackheath. The property consists of ground floor and basement commercial space let to John Lewis of Hungerford on a 10 year lease until May 2025 at a rent of £45,900 per annum with rent reviews every 5 years, the next of these being on 30th May 2020. The residential uppers at 70A Tranquil Vale have been sold on a 150 year lease from 2016 with no ground rent and a 66% contribution to the building insurance. There is no history of planning on the building.

Location

70 Tranquil Vale, Blackheath, London SE3 0BN

Given the central location in Blackheath Village, an affluent area of South East London, buildings such as these rarely come to market making this a rare opportunity for any incoming purchaser. There are a wide range of local restaurants, shops and bars in the immediate vicinity and Blackheath Station is 0.2 miles from the property and has a travel time of 12 minutes to London Bridge. The Heath is located 150 metres away.

Accommodation

UNIT SIZE (SQM) SIZE (SQFT)
Basement 13.4 144.2
Ground Floor Commercial 55.8 600.6
TOTAL 69.2 744.9

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