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 most recent 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.
Viewings can be provided upon request and offers in excess of £750,000 will be considered.
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.
|UNIT||SIZE (SQM)||SIZE (SQFT)|
|Ground Floor Commercial||55.8||600.6|