21 Station Square, Petts Wood BR5 1LY

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STATUS

For Sale

DESCRIPTION

The property comprises a mid-terrace mock tudor design building of traditional brick/block construction beneath a part pitched/part flat roof. The ground floor premises provides a self-contained retail unit occupied as a hairdressing salon. The upper floors are separately accessed via a front entrance and consist of a split level flat (sold off).

To the rear there is a concrete surfaced yard accessed via a service road.

 

LOCATION

Petts Wood lies to the north of Orpington and approx. 5 miles south east of Bromley. The property is situated within Station Square occupying a prominent position within an established parade. Surrounding occupiers include William Hill, Iceland, Costa Coffee, Sainsbury’s Local, The Daylight Inn Public House and a range of independent retailers and restaurant operators.

Pay and display parking is available at the roadside in Station Square and Petts Wood Railway Station is close by, offering direct and frequent services to Central London and Sevenoaks.

FLOOR AREA

1,679 sq.ft (155sq.m)

TERMS

The ground floor is let upon a full repairing and insuring lease to a private individual for a term of 20 years expiring 14th March 2024 at a current rental of £28,750 per annum exclusive. The lease is granted within the security provisions of the Landlord and Tenant Act 1954 (as amended). The upper parts are subject to a 99 year lease from 29.08.1986 at a current ground rent of £150 per annum.

We are instructed to seek offers in excess of £450,000 (Four Hundred and Fifty Thousand Pounds) for the benefit of our client’s freehold interest subject to the existing leases granted.