Leasehold. Held for a term of 999 years from June 2021 at a peppercorn ground rent

Site area approximately 102.80 sq m (1,106 sq ft)

Let to an individual (t/a Precious Sprouts) on a lease that expired in October 2024. A lease renewal for a term of 10 years from October 2024 has been agreed but not yet completed. The current rent payable is £15,600 per annum.

Previous Sprouts website

The property lies within the jurisdiction of the London Borough of Lewisham and is subject to its planning policies and guidance.

The head lease permits use as Class E (shop) or residential, providing flexibility for a purchaser who may wish to convert part of the building in the future, subject to obtaining the necessary planning consents (STPP).

The rear of the shop benefits from a licence to alter permitting the shop to be converted into a flat.

In addition, the land at the rear offers potential for future extension or could be utilised as private amenity space for a residential unit, again subject to planning permission.

Interested parties are advised to make their own enquiries with Lewisham Council to confirm that any proposed works or changes of use are acceptable.

Website: London Borough of Lewisham

Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack.

Additional charges and fees might be charged by the seller and/or other third parties. You are strongly advised to read the Special Conditions of Sale for the Lot prior to bidding to check for any additional charges and fees.