Summary - WEAR TAVERN, SAINT LUKES TERRACE SR4 6NF
1 bed 1 bath Office
Freehold tenanted office with stable income in central Pallion.
Let to long-standing occupier with strong covenant (£30,000 pa)
Freehold sale — immediate, secure rental income
Large overall size: approximately 4,707 sq ft across two floors
Edwardian character with arched brick windows and high conference ceilings
EPC Rating D89 — energy upgrades likely required
Assumed cavity walls with no insulation; glazing age unknown
Located near Pallion Metro Station; excellent transport links
Area classified as very deprived — may limit rental growth potential
This detached Edwardian commercial building on St Luke’s Terrace is offered as a freehold investment with a secure, long-standing tenant in place. The premises provide substantial office accommodation across ground and first floors, including two large conference rooms and dedicated staff facilities, making it suitable for an investor seeking a stable income stream.
The property benefits from strong passing footfall in an established commercial location, excellent transport links (short walk to Pallion Metro Station), and nearby local amenities. Tenanted at £30,000 per annum to a charity with a strong covenant, the sale is subject to the existing tenancy and provides immediate, predictable rental income.
Buyers should note material service and energy considerations: EPC D89 and assumed cavity walls without insulation, with double glazing of unknown age. The building dates from the 1930s and will likely require ongoing maintenance and potential energy-efficiency upgrades. The wider area is classified as very deprived, which may affect future rental growth but sustains steady local demand for community and charity services.
This is a value-driven purchase for investors prioritising secure income and long-term hold potential. The freehold interest, substantial floor area and central Pallion location create options for longer-term repositioning once vacant, subject to planning and refurbishment investment.
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