The subject property comprises an end of terrace two storey building of typical brick construction set beneath a pitched roof with tiled coverings. The ground floor provides a retail unit and is arranged internally to provide front sales area, rear ancillary storage, kitchen and WC. The first floor comprises a self-contained one bedroom flat and is accessed via a separate entrance at the side of the property. To the rear of the property there is a detached garage accessed via a shared service road.
Orpington is a residential area located some 16 miles to the south of Central London and 5 miles from Bromley. The town is adjacent to the A224 and junction 4 of the M25 motorway. The property is located on Marion Crescent close to the junction with Poverest Road and Stanley Way. The surrounding area comprises a mixture of residential dwellings and commercial premises within an established parade. Free parking is available at the roadside.
The ground floor is let upon a Full Repairing and Insuring lease granted to ‘Cunningham of London Ltd’ for a term of 5 years expiring 19th December 2022 at a rent of £12,000 per annum exlusive. The lease is to be surrendered at completion of the sale and the premises offered with vacant possession.
The residential accommodation is occupied and let upon on a Assured Shorthold Tenancy at a current rental of £10,200 pax.
Offers in excess of £400,000 (Four Hundred Thousand Pounds) are invited for the Freehold interest subject to the existing residential tenancy and vacant possession of the ground floor on completion.