For Sale/To Let
The property provides a ground floor unit with excellent visibility onto Orpington High Street currently occupied by an Estate Agents. Internally the premises are configured to provide front reception, separate offices/meeting rooms, kitchenette and WC. The flexible layout is considered suitable for retail, showroom, leisure or medical occupiers. Externally, the property incorporates a rear yard for parking accessed via Augustus Lane. The upper parts comprise residential accommodation held under two 125-year leases, with a nominal rent of £125 per annum.
Orpington is a popular suburb within the London Borough of Bromley. Orpington Railway Station is approx. 0.5 miles away, offering direct train services to London Bridge, Charing Cross and Sevenoaks. The town is positioned on the A224 (Court Road) with the M25 (Junction 4) within an 8-minute drive. The property is situated at the southern end of the High Street close to the junction with Station Road benefiting from strong pedestrian footfall. Surrounding occupiers include McDonalds, Oxfam & Demelza.
918sq.ft (85.3sq.m)
Freehold. £350,000 (Four Hundred and Fifty Thousand Pounds) for the benefit of our client’s freehold interest with vacant possession of the ground floor and subject to the existing long leasehold interests granted on upper parts.
Alternativly, the premises are available to let on the basis of a new full repairing and insuring lease for a term of years to be agreed at a commencing rent of £27,000 (Twenty-Seven Thousand Pounds) per annum exclusive, payable quarterly in advance.
We have been advised by our clients that VAT will not be payable under current legislation.
