Acorn Commercial, Acorn Commercial

4 Chatterton Road, Bromley, Kent

Guide price

£185,000

Size

185,000

Tenure

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EPC

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Parking

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Primary use
Mixed use

No floor / site plan

Key features

  • Freehold for sale in Bromley.
  • Commercial Unit Producing £15,000pa.
  • Two flats above sold of on Long Leasehold Agreements
  • Both flats contribute towards building insurance and pay a ground rent of £200pa.
  • Reflecting 8.32% yield at £15,400pa (Combined Rent & Ground Rent).
  • Guide Price: £185,000.

Description

The subject property comprises a commercial unit and two, 2-bed flats sold off on long leasehold agreements. The property is currently fully let producing £15,400pa. The commercial unit measures 485sqft over ground floor level and is currently let to a Barbers at a passing rent of £15,000pa until 2029. Both flats above are sold off and contribute towards building insurance while paying a ground rent of £200pa The property is let at market rent and occupy a good position on a popular secondary parade in Bromley. The next door property at 6 Chatterton Road which comprised a ground floor commercial unit was recently sold for £185,000.

The property is located on Chatterton Road along a popular secondary retail parade which includes several well-known local businesses, as well as a co-operative supermarket. Chatterton Road is situated just off the A21 which leads directly into Bromley Town Centre which is home to a busy high street and the Glades Shopping Centre. Bickley and Bromley South Railway Stations offer regular services London Victoria and other popular destinations via the Thameslink & Southeastern train lines.

This is an ideal purchase for a local investor and is available immediately, subject to the existing tenancies.
Acorn Commercial, Acorn Commercial

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Brochure

4 Chatterton Road, Bromley, Kent

NEAREST STATIONS

National Rail

Bickley Station

0.67 miles

National Rail

Bromley South Station

0.91 miles

National Rail

Bromley North Station

1.33 miles

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Disclaimer - Property reference 37593FH. 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 Commercial, 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.