Investment
COMMERCIAL AND RESIDENTIAL INVESTMENT - DOUBLE FRONTED RETAIL PREMISES.
- GROUND FLOOR LET - TWO RENT REVIEWS OUTSTANDING
- TWO 77 YEAR LEASES ON UPPER PARTS
The property comprises a double fronted
mid terrace retail shop with residential
upper parts which are sold on long leases.
To the rear of the property is a lock up
garage which connects internally to the
back of the shop. The garage is accessed
from a shared service road .
Access to Flat 271A is via the front of the
shop which leads to an external staircase
situated to the rear of the shop unit.
Flat 273A is accessed independently via
the service road to the rear into a small
garden area.
EPC Rating: TBC
Location
The property is located in a neighbourhood
shopping location in Beckenham in the
London Borough of Bromley,
approximately 9.5 miles to the south of
Central London. Croydon Road runs
between Elmers End to the south and
Beckenham town centre to the north.
Beckenham Junction mainline railway
station is approximately 1 mile away
Accommodation
The ground floor shop has an approximate
net internal floor area of:-
122.6 sq. m (1,320 sq. ft).
Rates
2023 Rateable Value: £26.750
Terms
FREEHOLD
Subject to the following
leases:
Ground Floor Shop: Lease for a term of 12
years from 24th December 2015. Current
passing rent £14,000 pa. Rent reviews
outstanding from 24/12/2018 & 24/12/2022.
The lease is contracted inside the Landlord
& Tenant Act 1954.
271A Croydon Road: 99 year lease from
29th September 2002 at a ground rent of
£100 pa for the first 33 years and doubling
thereafter.
273A Croydon Road: 99 year lease from
29th September 2002 at a ground rent of
£100 pa for the first 33 years and doubling
thereafter.