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Freehold Commercial Investment In Shortlands, Kent For Sale

Bromley, UK
Asking Price:
£895,000
Turnover:
Undisclosed
Net Profit:
Undisclosed

ADVERT TEXT
FREEHOLD COMMERCIAL INVESTMENT
2 ADJACENT RETAIL SHOP UNITS WITH UPPERS

BUSINESS
Two prominent shops/offices arranged over two floors, one end of terrace and the other mid terrace, with upper parts and rear yards/gardens accessed via a side access.
Number 106 is let to Chang Thai Spa, arranged over the ground and first floors. Number 108 is let to Gledhill & Sons Funeral Directors office on the ground floor. We are advised that the first floor self-contained one bedroom flat is let out to an individual. Contact us for further information.
There is potential to convert the upper floors and rear yard/garden areas into additional residential units, subject to planning and vacant possession.

TENURE
Freehold. With the benefit of a 10 year lease from December 2024 on number 106 (Chang Thai Spa), at a passing rent of £25,000 per annum, with 3 yearly rent reviews and a tenant break in 2029.
Number 108 (Gledhill & Sons) has a 3 year lease in place from February 2025 for the ground floor shop/office, at a passing rent of £12,000 per annum. The self-contained first floor flat above is let out at £1,000 per calendar month.

EPC RATING
TBA

Property Information

Property:

Freehold

Location:

Situated on Beckenham Lane (A222) between Ravensbourne Avenue and Meadow Road in Shortlands, diagonally opposite the train station and close to Bromley town centre. Neighbouring occupiers include a supermarket, kitchen showroom, cafe, hairdressers, laundrette, fish & chip shop, estate agents, tailors and fire place showroom. Shortlands mainline railway station is opposite the premises, providing services to London Victoria, London Blackfriars, Orpington and Sevenoaks. There are also buses serving the area located on Beckenham Lane.

Premises Details:

ACCOMMODATION NUMBER 106 NUMBER 108

Ground Floor Shops 46.91 m2 505 ft2 41.81 m2 450 ft2

First Floor 39.95 m2 430 ft2 36.69 m2 395 ft2

TOTAL 86.86 m2 935 ft2 78.50 m2 845 ft2 G.I.A

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Member ? This broker is part of BrokerCode, a BusinessesForSale.com initiative recognising brokers who commit to integrity, transparency, and professional standards.

This broker is part of BrokerCode, a BusinessesForSale.com initiative recognising brokers who commit to integrity, transparency, and professional standards.