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Property For Sale - High Street, Bromley - Property King Estate Agents (ID 61)
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Terrace For Sale Price £675,000

High Street, Bromley

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Contact us quoting Ref.61
  • Commercial Premises On Bromley High Street
  • With 4 Bedroom Maisonette Above
  • Basement Storage Area
  • Current Income Approx £60,000 pa
  • RARE INVESTMENT OPPORTUNITY
Homes 4 You are pleased to bring to the market this commercial premises on Bromley`s busy High Street with basement storage and a 4 bedroom maisonette above.

PRICE
Guide Price: £675,000 - £715,000 plus VAT for the freehold interest, subject to contract and with the benefit of the income derived from the current lettings.

LOCATION
At the Northern end of the pedestrianised area of High Street, which forms part of the area, known as ‘Market Square'. Immediately adjacent to Barclays Bank Plc and opposite Primark, Mothercare, HSBC Bank Plc. Other multiples very close by include McDonalds, Lloyds TSB Bank Plc, Northern Rock, Jessops, Ernest Jones, Costa Coffee and The Carphone Warehouse.

DESCRIPTION
Commercial: A ground floor shop in a terraced shopping parade with a basement storage area.
Residential: A 4 bedroom maisonette spread over two floors with a fitted kitchen, bathroom and separate access.

ACCOMMODATION
Ground Floor Shop – Net internal floor area 50.72 sq m (546 sq ft)
Changing Rooms – Net internal floor area 7.25 sq m (78 sq ft)
Basement Storage - Net internal area 35.95 sq m (387 sq ft)
Maisonette – First floor – 2 rooms and kitchen; Second floor – 3 rooms and bathroom

CURRENT RENTAL INCOME
£39,000pa from the leased shop (10 year lease remaining)
Plus £21,000pa from the maisonette
Total: approx £60,000 pa

TENANCIES
Shop – Let under the terms of a full repairing and insuring lease for a period of 20 years from 29/09/2002 at a present rent of £39,000 pa. Rent reviews every 5 years - next due this year. No break clause.

4 Bedroom Maisonette - Let on a room-by-room basis currently producing a gross income of £21,000 pa.

Please contact us to arrange a viewing.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

This is an approximate location - provided for guidance only
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