Investment pub with development potential for sale in Bexleyheath

This property is marketed by:
Strettons

Key features

• Substantial public house with residential accommodation over the upper floors, rear garden and outbuilding
• Situated in a prominent high street location in the London suburb of Bexleyheath a short distance west of Bexleyheath town centre
• Gross Internal Area 7,300 sq.ft. Site area 0.137 acres
• Let (on assignment) to Stonegate Pub Company Limited for a term expiring December 2029 (therefore just over five years unexpired)
• Total rents reserved of £60,000 p.a.x
• Subject to an outstanding review as of June 2023, with ERV understood to have been assessed at £65,000 p.a.x.
• Stonegate Group is the largest pub company in the UK trading from 4,500 locations
• Stonegate Pub Company Limited is one of the largest pub chains in the UK presenting a CreditSafe rating of 65B ’low risk’ with a reported turnover of £1.719bn in 2023 and shareholder’s funds of £603m
• Reversionary potential and underpinned by scope to self-contain the upper floors, and redevelopment potential to the rear, subject to necessary consents

Property Description

A detached three storey, purpose built public house comprising a bar with eating area on the ground floor, together with a basement store. The upper floors comprise staff living accommodation and a function room. There is a separate detached building at the rear next to a large open pergola area in the pub garden.

Internally the ground floor is accessed from an entrance on the corner of Broadway and West Street and leads into an open plan area. The bar is situated in the centre and customer seating areas surround it on three sides. Behind the bar is a small office and kitchen and there are female WC’s at the side which forms part of a small extension. At the rear are male WC’s and a disabled WC.

The site is underpinned by redevelopment potential at the rear for a two-storey extension or similar separate building, subject to necessary consents

Situated in a prominent high street location on Broadway at the junction with West Street located just west of the main shopping area of Bexleyheath town centre. Nearby occupiers including Better Gym, Asda, Primark, Ten Pin, Toby Carvery, Pizza Express, and countless household brands within the Broadway Shopping Centre. The area is well-served by educational institutions, including primary and secondary schools, and healthcare facilities such as the Bexleyheath Health Centre and Queen Mary’s Hospital in Sidcup.

Bexleyheath railway station is situated approximately 630 metres to the north of the property and provides direct access to London Bridge (30 mins), London Charing Cross (38 mins) and London Victoria (42 mins).