Retail parade investment sale in Lewisham

Located adjacent to the Lewisham Centre in the heart of Lewisham town centre, 86-92 High Street is an unbroken parade of four retail premises leased to Paddy Power, CeX, VPZ and Family Leisure. The upper parts have been converted and extended to provide 14 self-contained flats let on ASTs.  

Total rents are reserved of £521,300 per annum exclusive with an average WAULT on the retail element to the expiry of 6.5 years and 4.1 years to break. 

We sold the terrace of buildings for £6,600,000 representing a net initial yield of 7.4%.