This property is strategically located on Well Hall Parade, just a short distance from Well Hall Road (A208) and approximately 250 yards from Eltham Railway Station. This station offers direct train services to key destinations such as London Bridge, Waterloo East, Charing Cross, and Cannon Street, with travel times of around 25 minutes. Positioned within the vibrant suburban center of Eltham in the Royal Borough of Greenwich, this area stands out for its strong local community, substantial commuter base, and ongoing investment in both residential and retail developments.
The surrounding environment features an array of amenities including Sainsbury's Local, Co-op, Costa Coffee, and Greggs, alongside a diverse selection of independent cafés and restaurants. In recent years, Eltham High Street has experienced significant regeneration that has brought new residential units, leisure facilities, and improved public spaces to the area. Accessibility is further enhanced by excellent road links via the A2, which is about half a mile away and connects to major transport routes including Canary Wharf and the M25.
The property consists of two units along Well Hall Parade. Unit 13 is currently leased to a gallery at an annual rent of £29,120 until October 2026. Spanning approximately 1,577 sq.ft (146.5 m²), it features a spacious internal trading area along with two self-contained outbuildings to the rear that have potential for conversion into residential studio flats (subject to planning permission). Meanwhile, Unit 14 is occupied by a coffee shop generating an annual rental income of £12,000 under a lease that runs until December 2029; this unit covers around 519 sq.ft (48.2 m²).
In addition to these rental incomes totaling £41,720 per annum from both commercial units and an extra £600 from long-term upper parts held as HMOs, there is clear potential for asset management here. The outbuildings can offer additional avenues for development; converting them into residential units could significantly enhance both capital value and overall rental yield.
With a total area of approximately 2,096 sq.ft (194.7 m²) under freehold tenure and initial yields estimated at around 7.1%, this property represents not only a stable investment but also offers exciting prospects for future growth through renovations or expansions in line with local real estate trends.
