A 19th-century corner pub in south-east London has been put on the market for £950,000, as reported by our sister title London Now.
The British Oak on Old Dover Road in Blackheath is being marketed as a “highly reversionary” investment opportunity.
The distinctive early-Victorian pub at Blackheath Standard, long regarded as a cornerstone of the SE3 community, is now seeking a buyer, London Now reports, where further details of the listing can be read.
The property, fitted with residential accommodation on the upper floors and attractive front and rear gardens.
The public house, operating from an extensive 5,808sq.ft space, is positioned in the affluent Blackheath Standard area.
Located on Old Dover Road and adjoining Shooters Hill Road, the establishment carries the promise of substantial 'reversionary potential' owing to its low passing rent, the residential setup in the upper floors, and potential for further development on the side and rear.
The attractiveness of this Victorian corner public house is further heightened by a secure commercial investment.
It has a new Fully Repairing and Insuring lease to EI Group Ltd, a wholly-owned subsidiary of Stonegate Pub Company Ltd, which is a major player in the UK's pub scene with operations in more than 4,500 locations.
The lease, which started in January 2026, promises no break options within a 25-year term.
With an 'extremely low' passing rent of £60,000 annually exclusive, this property is set up favourably for the potential owner.
The rent, which equates to £10.33 per sq. ft., is subject to five yearly cpi-linked rent reviews.
The projected net initial yield is 6.05 per cent.
The British Oak, bearing an iconic stamp on the Blackheath Standard area, is nestled between Blackheath Village and Greenwich.
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Historians and enthusiasts alike recognise the three-storey London brick building for its unique architecture that features a glazed brown-brick dado at ground-floor level and a beautiful cast-iron balcony across the first floor.
The interior of the British Oak keeps the charm of the past alive, retaining its traditional two-bar layout.
The left bar is smaller and sports-oriented, while the right bar is larger and used as a saloon bar.
CAMRA highlights the bar for its Victorian bar-back with decorative mirror strips and cut glass, an old, now blue-painted bar counter, matchboard panelling painted in a deep green, and a later inter-war extension that expanded the saloon.
The bar's special interior has earned it a “pub interior of special national historic interest” star from CAMRA, even though the building is not statutorily listed.
Stonegate holds the freehold of the pub, with the lease managed by Blackheath British Oak Limited.
The pub, in keeping with its historical roots, promotes itself as a Victorian local pub offering cask ales, local beers, bottled craft, wine, and classic pub food.
The establishment, known as the "heart of the community," hosts live chickens in the garden and various events such as open-mic Tuesdays, a first-Wednesday pub quiz, live music, and community events.
Social channels and local listings reveal it to be a popular venue for church and community meet-ups.
Local reports say the British Oak received a national “Excellence in Cellar Standards” award, highlighting its reputation for quality beer.
The British Oak has been a trading hub since at least the mid-19th century, initially linked to Oak Terrace off Shooter’s Hill Road, offering fascinating historical charm to not just property investors but history enthusiasts too.
The classic London “street-corner” local maintains a two-bar set-up and visible Victorian features amidst the proliferation of gastropubs in the city.
This investment opportunity sees the pub at a guide price below the building’s replacement cost, which reflects a low capital value of £163.57 per sq. ft.
A true example of old-English charm fused with modernity, the British Oak has held on to its classic Victorian features while providing the comfort and convenience expected from a neighbourhood pub in the 21st century.
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