High Street, Orpington, Kent, BR6
- PROPERTY TYPE
Residential Development
- SIZE
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Key features
- Investment/development site for sale
- Currently a restaurant and 4 flats
- Planning permission to create 9 flats through extension and conversion
- Pre-let commercial unit for a 10 year term at a passing rent of £65,000pa
- ERV of built out development c.£210,000pa
- Guide price £1,750,000 F/H
Description
The three flats included within the planning permission are let on ASTs and therefore vacant possession can be achieved within a short period of time. The restaurant operator has been trading from the property for 5 years, entering into a new 10 year lease upon completion of the sale at a passing rent of £65,000pa with a break and rent review at the 5th anniversary.
A rare opportunity for developers & investors to acquire a prominent freehold building on Orpington High Street with planning permission for residential development in the uppers and a pre-let commercial unit.
Brochures
Brochure 1High Street, Orpington, Kent, BR6
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Orpington Station0.4 miles
- Chelsfield Station1.3 miles
- St. Mary Cray Station1.4 miles
About the agent
Established in 1984 as a single, independent estate agency, The Acorn Group, which incorporates Acorn, Langford Russell and John Payne, now spans 40 offices throughout South London, Kent, and Medway. Our highly skilled team is dedicated to providing tailored services to all our clients. We cover a comprehensive range of property services including financial services, chartered surveyors, property management, lease extensions and more.
Industry affiliations
Notes
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