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65 High Street, Bromley, Kent

Offers Over
£740,000

Business rates & charges may apply

Acorn Limited, Acorn Commercial
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Key features

  • Retail investment property let to Blacks until 2029
  • Producing £52,000pa
  • Prime position on Bromley's busy high street
  • Measures 3,073 sqft across four floors
  • Tenant in occupation since 1973
  • OIEO: £740,000 + VAT (7.02% return)
  • Reflecting £240 per sqft

Description

The property comprises a red brick, Victorian terraced property with well configured retail accommodation over basement, ground and two upper floors. The property measures a total of 3073 sqft internally with the ground floor serving as the main retail area and the remaining floors as storage, staffroom & ancillary. The tenants have been in occupation since 1973 and signed a new, 5-year lease in 2024 (FRI) at a passing rent of £52,000pa. Blacks Outdoor Retail Limited is one of the largest outdoor retailer in the UK with stores nationwide is a subsidiary of JD sports, which is listed on the FTSE 250. The property has potential for future development of the uppers into residential (STPP) however, the property is being sold subject to the existing tenancy agreement. This property would make an ideal purchase for a local investor or SIPP and is available immediately

Brochures

65 High Street, Bromley, Kent

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Bromley South Station0.1 miles
  • Bromley North Station0.5 miles
  • Shortlands Station0.7 miles

About Acorn Limited, Acorn Commercial

9 St. Marks Road Bromley Kent BR2 9HG

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Disclaimer - Property reference 37190FH. 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 Acorn Limited, Acorn Commercial. 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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