Commercial Development for sale

183-191 High Street, Bromley, Kent, BR1

Under Offer £2,000,000

Property Description

Full description

Location:
The properties are situated on the northern side of the High Street (A222), close to the junction with Market Square.

The premises are 0.3 miles from Bromley North (South Eastern) Railway Station.
The properties are located within the Bromley Town Centre Conservation Area, between Walkers Yard and the High Street.

Executive Summary
Development Opportunities
Prominent main road location
Freehold
Low Capital value
Asset management opportunities with high yield reversionary potential
Unconditional or conditional offers considered
Guild price offers in excess of 2m unconditional

Description:
The properties comprise three storey (apart from 185 High Street which is single storey) mid-terraced Victorian properties, benefitting from a large yard area to the rear fronting Walters Yard.
There are four separate buildings, as 189 and 191 High Street occupy the same building, with two smaller retail units at the ground floor and shared upper parts.

Asset Development
A number of tenants have been holding over for some time and other leases are about to expire shortly. The lessee of 187 High Street is involved with on-going negotiations for a new 10 year lease.

The site offers significant development potential. Various feasibility studies have been carried out, including converting the offices to residential and developing part of the large rear area which fronts Walters Yard.

Tenure:
Freehold subject to the tenancy schedule above.

Price
Offers in excess of 2m for an unconditional purchase. Alternatively our client may consider substantially higher figure for a conditional purchase.

VAT:
VAT maybe applicable on this property.

More information from this agent

Nearest stations

  • Bromley North (0.3 mi)
  • Bromley South (0.4 mi)
  • Shortlands (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kinleigh Folkard & Hayward, London

KFH House, 5 Compton Road, Wimbledon, London, SW19 7QA

020 8012 5505 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Bromley North (0.3 mi)
  • Bromley South (0.4 mi)
  • Shortlands (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Kinleigh Folkard & Hayward, London

KFH House, 5 Compton Road, Wimbledon, London, SW19 7QA

020 8012 5505 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 183_191_High_Street_Bromley. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Kinleigh Folkard & Hayward, London. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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