109 Old Dover Rd 5,808 SF Retail Building London SE3 8SU $1,270,104 ($218.68/SF) 6.32% Cap Rate

HIGHLY REVERSIONARY FREEHOLD PUB INVESTMENT
• Attractive Victorian corner public house with residential accommodation over the upper floors and front and rear gardens.
• Prominently positioned in affluent Blackheath Standard on Old Dover Road (B211) adjoining Shooters Hill Road (A207).
• Extending circa 5,808 sqft (540 sqm) GIA.
• Let on a new Fully Repairing and Insuring lease to EI Group Ltd (a wholly owned subsidiary of Stonegate Pub Company Ltd).
• Guaranteed by Stonegate Pub Company Ltd, who are the UK’s largest pub operator, trading from over 4,500 locations.
• The lease commenced in January 2026 for a term of 25 years with no break options.
• Extremely low passing rent of £60,000 per annum exclusive (£10.33 per sqft).
• Five yearly CPI-linked rent reviews, annually compounded, with a collar of 1% and cap of 4%.
• Significant reversionary potential underpinned by the low passing rent, residential accommodation in the upper floors, and apparent development potential to the side and rear.
• The guide price reflects a low capital value of £163 per sqft, and a Net Initial Yield of 6.05% (assuming purchaser's costs of 4.4%).
• The guide price is less than the building’s replacement cost.