This property presents a noteworthy opportunity in the heart of Blackheath, featuring a freehold retail investment currently leased to William Hill on the ground floor. The lease ensures a steady income stream, with William Hill occupying the primary retail space under a term set to last for ten years at an annual rent of £16,000.
The ground floor retail area encompasses approximately 156.3 sq.m. (1,682.72 sq.ft.), efficiently designed with two entrances—one from High Street and an additional access point at the rear, facilitating easy loading and unloading operations through a shared driveway that leads to Short Street and nearby public parking.
The first-floor office space offers considerable renovation potential. Spanning around 83.44 sq.m. (898 sq.ft.), it has been vacant for several years and is ready for reimagining and refurbishment. Currently partitioned into various rooms—including former kitchen and toilet facilities—the space could be transformed into modern offices or alternative uses, depending on market demand.
At the rear of the property, two workshop spaces provide additional options for income generation or expansion of business activities, although they will require some attention before they can be fully utilized. It’s essential to note that these workshops are expected to provide vacant possession in early October 2025.
In terms of utilities, mains electricity is connected to both the ground floor and workshops; however, the first-floor supply requires upgrading due to disconnection from previous usage. Prospective buyers should verify water supply arrangements for all areas as these have not been in operation for some time.
Located within a bustling part of Blackheath, this property benefits from high foot traffic and visibility, making it an attractive investment prospect. With ongoing developments potentially enhancing local infrastructure and amenities, there is significant upside potential for both rental yields and capital appreciation upon completion of renovations.
Overall, this property not only delivers immediate rental income through its established tenant but also boasts rare potential for value addition through refurbishment and redevelopment opportunities across multiple levels of the building.
