The property comprises a mid terrace building arranged over ground and first floor level set beneath a part pitched/part flat roof with extensive rear yard areas. The ground floor is currently vacant and configured internally to provide an open plan double fronted sales area with partitioned storage, kitchen and WC. The residential upper parts are tenanted and accessed from the rear of the property comprising 2 x 1 bedroom flats fully refurbished in 2019 to each provide open plan kitchen/living room, bathroom and bedroom. To the rear there is a parking area/rear yard accessed via a service road off Queens Road. Whilst now lapsed, planning permission (Ref: DC/20/01395/FULL1) was granted in September 2020 for the construction of a part single/part two storey detached office building (approx. 1367sq.ft/127sq.m) to rear of 22-24 High Street, Chislehurst.
We believe this is an ideal opportunity for an owner/occupier, investor or developer.
Chislehurst is an affluent suburb located within the London Borough of Bromley and lies to the east of Bromley and south west of Croydon. The town is situated adjacent to the A20 proving direct access to London and the M25. Elmstead Woods and Chislehurst station provide rail connections to London Cannon Street, Charing Cross and southbound to Sevenoaks. The property is situated in a prominent and central High Street position close to the junction with Park Road and Willow Grove. Surrounding occupiers include Cote Brasserie & Costa.
The property is held freehold and subject to the following leases and tenancies, copies available on request; The ground floor commercial premises are vacant and currently being marketed on a new lease basis at a guide rent of £50,000pax. The residential accommodation is each let to two private individuals on periodic tenancies producing a combined income of £28,800 per annum. Total Income: £28,800.00 pax.
We are instructed to seek offers in the region of £1,150,000 (One Million One Hundred and Fifty Thousand Pounds) exclusive of VAT and subject to contract.