50a, 50b and 50c Chatterton Road, Bromley BR2 9QE

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STATUS

For Sale

DESCRIPTION

The properties are arranged within a private courtyard area which is accessed from Chatterton Road and comprises three self contained two storey office/warehouse/workshop business units. The buildings are of traditional construction all sharing a common yard/ access area.

Please note there are pedestrian rights of way granted in favour of the owners and occupiers of 50, 48-48a & 46-46a Chatterton Road.

We consider that the properties offer considerable refurbishment or redevelopment potential for alternative uses subject to the grant of planning permission.

LOCATION

Bromley is a popular and affluent commuter town located approximately 12 miles south-east of Central London. The premises are situated in an established parade within the Chatterton Village area of South Bromley, approximately 1 mile from Bromley South Railway Station, which provides regular direct services to central London. Chatterton Village offers a mixture of shops, professional offices, restaurants/takeaways and residential dwellings including the Chatterton Arms Public House.

FLOOR AREA

4940 sq.ft (453.89 sq.m)

TERMS

It should be noted that each of the leases granted upon the three units are granted outside of the provisions of the Landlord and Tenant Act 1954 (as amended)

50a – let upon a lease expiring 28/09/2023 at a rental of £11,000 pax the rent rising on 29/09/2022 to £11,500 pax

50b – a new lease is to granted for a period of approximately 2 years at a rental of £5,500 pax

50c – let upon a lease granted 15/06/2020 to 14/06/2023 at a rental of £10,000 pax

Total rental income £26,500 pax

Offers invited in excess of £500,000 (Five Hundred Thousand Pounds), for the freehold interest subject to the existing tenancies granted.