The Royal Bell Hotel, 175 High Street, Bromley BR1 1NN

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STATUS

For Sale or To Let

DESCRIPTION

The property comprises a prominent Grade-II Listed former hotel building within the heart of Bromley Town Centre.

Internally, the building provides largely open plan commercial space at ground floor level, function rooms at first floor level and 11 newly refurbished, self-contained letting suites at second and third floor levels. The basement provides WC Facilities plus fitted kitchen areas and ancillary staff space. The building substantially retains its original design and character and internally, many of the original decorative features remain, including the grand staircase, mosaic feature floor, decorative ceiling plasterwork and original fireplaces. The external terrace and function rooms incorporate attractive fitted bars, ready for an occupier to begin trading. The front façade and roof have recently been restored.

Planning has been granted for the provision of a 9-storey extension plus a basement to provide a 50-bedroom hotel with a gym, swimming pool and retail unit. Full details and all documentation can be studied via the following link: 18/03252/FULL1

LOCATION

The building is an important and well-known landmark adjacent to Market Square, dating back as far as the 17th Century. Surrounding occupiers incorporate numerous national Tenants including M&S, Next, JD Sports and McDonalds. The property is located within close proximity to the northern entrance to the Glades Shopping Centre, thus benefiting from high levels of footfall.

FLOOR AREA

25,574 sq ft (2,376 sq m)

TERMS

We consider this building offers the occupier a rare and unique opportunity to arrange a flexible subleasing model, in the form of a food, drink and entertainment destination. The building previously traded successfully as the Bromley Garden Bar, a 400-capacity outdoor space with multi-level terraces.

The building is available to let in its entirety on the basis of a new effectively full repairing and insuring lease for a term of years at a rent of £300,000 per annum exclusive, subject to contract and vacant possession. Alternatively solely the Basement, Ground Floor, First Floor and External Areas are available to let at a rent of £200,000 per annum exclusive.

Our Client will consider offers for the Freehold Interest with vacant possession or subject to a lease granted in respect of the second and third floors at a rent £100,000 per annum exclusive. Price on Application.