Freehold Public House Investment with Development Potential
Broadway, Bexleyheath, Kent DA6
The Property
A substantial detached Victorian public house, let to the largest pub operator in the country, with a short lease-term un-expired and medium/longer term development potential.
Located in the centre of Bexleyheath, the building occupies a prominent position on Broadway, and is surrounded by countless national businesses.
The property is let in its entirety to Stonegate Pub Company Limited, who are the UK’s largest pub company. At the point of sale Stonegate’s passing rent was well below the market value, and there was an open-market upward-only (uncapped) rent review outstanding.
Separately, the building offered potential for conversion and extension in the medium/long term, particularly given the properties substantial existing upper parts, and the land to the rear. The existing building measures circa 8,000 sqft NIA.
Location