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Alliance House, 29 London Road, Bromley, BR1 1DG

Offers in Region of
£4,250,000

£191.11 per sq ft

Business rates & charges may apply

Robert Irving Burns, Robert Irving Burns
SIZE AVAILABLE

22,238 sq ft

2,066 sq m

SECTOR

Office for sale

Key features

  • Purpose-built office building extending 17,262 sq ft NIA (22,238 sq ft GIA) over four floors
  • The site extends 0.45 and accommodates 39x car parking spaces
  • Comprising 15 office suites, with seven units currently vacant
  • Current rental income: £235,566 per annum with a WAULT of 2.35 years
  • Planning consent granted for partial demolition, a fifth-storey addition, and a rear extension (1–4 storeys), replacing 6,652 sq ft of office space and seven residential units measuring 5,931 sq ft-
  • Estimated rental value (ERV): £617,500 per annum, with full vacant possession achievable by 2028 following full refurbishment and extension
  • Guide price: £4,250,000 (stc), which equates to a capital value of £183 psf on the proposed NIA and NSA

Description

Description
Alliance House is a purpose-built office building extending 17,262 sq ft (NIA) and 22,238sqft (GIA) with 39 car parking spaces on a 0.45-acre site. The building comprises 15x self-contained office suites arranged over four floors, served by a passenger lift.

Eight units are currently occupied, generating a rental income of £235,566 per annum.

Vacant possession achievable by 2028 with a WAULT of 2.35 years.

Potential to reconfigure existing tenancies and undertake a full refurbishment to enhance rental value. Opportunity to create a modern office environment with upgraded amenities to increase occupancy and rents.

Partial demolition and a new-build extension, replacing 6,652 sq ft of office space. Seven new residential flats, comprising a mix of 1, 2, and 3-bedroom apartments. The scheme will provide 17,262 sq ft of office space and 5,931 sq ft of residential accommodation.

Location
Bromley is a suburb of London which sits approximately 13 miles south-east of Central London and 7 miles east of Croydon. Alliance House is prominently positioned in Bromley, a major commercial and retail centre within an affluent commuter belt. The town enjoys excellent
connectivity, situated on the A21 and within easy reach of Junctions 3 & 4 of the M25.

Bromley benefits from two railway stations, both within walking distance:
- Bromley South offers direct services to London Victoria in 17 minutes
- Shortlands Station provides access to Central London in 30 minutes

The property is located north of Bromley town centre, just a short walk from The Glades shopping centre, Bromley Magistrates' Court, and a variety of retail and leisure amenities.

Brochures

Alliance House, 29 London Road, Bromley, BR1 1DG

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bromley North Station0.3 miles
  • Shortlands Station0.4 miles
  • Sundridge Park Station0.6 miles

About Robert Irving Burns, Robert Irving Burns

19 Margaret Street London W1W 8RR

Notes

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