A detached Victorian pub, located at the corner of Maple Road and Padua Road in Penge, is currently on the market for over £900,000. This property spans approximately 5,600 square feet across four floors, offering a substantial space for various uses.
The basement and ground floors cover around 3,100 square feet, designed previously for public house operations. The first and second floors provide an additional 2,500 square feet of self-contained living space, which was formerly utilized for residential purposes.
One significant feature of this pub is its large rear garden area, measuring about 3,200 square feet. This outdoor space could serve as an attractive area for patrons or be transformed into a garden for residential use. Additionally, the property includes an 800 square feet single-storey garage, providing ample storage or parking options.
The sale comes with full vacant possession, meaning the new owner can take immediate control of the property without any existing tenants. This aspect is attractive to potential buyers looking to start fresh.
The property offers full vacant possession, allowing new owners immediate control without tenant complications.
Moreover, the absence of planning history or constraints enhances the property’s appeal, as it presents significant redevelopment potential. Buyers can consider various commercial and residential uses, making it a versatile investment opportunity.
In Penge, where demand for both residential and commercial properties continues to rise, this pub stands out as a rare freehold option.
The potential for redevelopment allows buyers to explore options, whether they wish to maintain its pub identity or convert it into residential units. Prospective buyers should weigh the possibilities carefully, as this property could serve as a prime location for a new business or a family home with a unique character.
With its desirable features, including the garden and garage, this Victorian pub represents a compelling opportunity in the ever-evolving market of Penge.
