93 Cotmandene Crescent, Orpington BR5 2RA

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STATUS

Under Offer

DESCRIPTION

The property comprises a prominent mid-terrace retail unit, facing Cotmandene Crescent.

The premises are currently arranged to provide open plan office accommodation, partitioned private office, staff/storage areas, kitchenette and WC.

The property has recently been refurbished to a good specification, benefitting from a modern glazed aluminum framed shop front, gas central heating, LED lighting panels, air conditioning and fitted kitchenette.

LOCATION

Orpington is a prosperous town located 16 miles to the south of central London and 5 miles from central Bromley. The town is adjacent to the A224 and Junctions 3 and 4 of the M25 Motorway and benefits from regular rail services to various London Mainline stations.

The subject property forms part an established local shopping parade benefitting from free roadside parking. Surrounding occupiers include, Coop Food, Greggs Bakery and numerous independent retailers and caterers.

FLOOR AREA

861 sq.ft (80.01 sq m)

TERMS

Available by way of lease assignment. The premises are held upon an existing Full Repairing and Insuring lease commencing 17/02/2021 for a term of 10 years at a rental of £9,000 (Nine Thousand Pounds) per annum exclusive, subject to rent review at the 5th year of the term. The lease incorporates tenant-only break clauses at the 2nd, 5th and 7th years of the term and such is granted outside the security provisions of the Landlord and Tenant Act 1954 (as amended).

Our client is seeking a premium of £10,000 for the benefit of the fixtures and fittings. Alternatively, the premises can be cleared prior to completion.