Freehold Investment Sale
The property forms part of a mid-terrace three storey mixed use building providing ground floor commercial and residential upper parts. Externally, the property benefits from a rear yard accessed via West Way. The ground floor is occupied as a restaurant and trading as ‘Cyprianis’. The accommodation is arranged to provide front and rear customer seating/sales are, male and female WC’s with commercial kitchen located to the rear of the building. The restaurant benefits from full kitchen extraction. The upper parts do not form part of this sale.
Petts Wood is located within the London Borough of Bromley and lies to the North of Orpington and to the South East of Bromley. The town is well served for road transport with the M25 London orbital, M20 and A20 all within 15 minutes’ drive and is popular with commuters. Petts Wood Rail Station is located approximately 30 meters from the building providing regular direct services to London Victoria, Cannon Street, Charing Cross and London Bridge. 17 Station Square occupies a prominent position with excellent levels of passing traffic close to the junction with Fairway and West Way. Surrounding occupiers include Sainsburys Local, Costa Coffee, Iceland and The Daylight Public House.
2249sq.ft (208sq.m)
17 Station Square: The ground floor commercial premises are to be let on a new Full Repairing and Insuring lease from completion of the sale. The lease will be granted to ‘New Yorker Catering Ltd’ for a term of 15 years. The commencing rent is £60,000 (Sixty Thousand Pounds) per annum exclusive. The lease will incorporate rent review provisions at 5 yearly intervals. A copy of the lease is available on request.
TENURE/PRICE
Freehold. We are instructed to seek offers in the region of £800,000 (Eight Hundred Thousand Pounds) exclusive subject to the new lease to be granted at granted. We are advised the property is not elected for VAT.
