348 Crofton Road, Locksbottom, Orpington, Kent ... - Acorn Commercial
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Description
Accommodation
Location
Terms
Freehold, mixed-use investment Retail, warehouse, and residential flat c. 3,500 sqft of ground floor accommodation Popular parade in affluent suburb Fully let producing £75,000 pax Development potential (STPP) Guide Price £1,500,000 F/H
DESCRIPTION A rare opportunity to acquire an attractive, detached freehold mixeduse investment producing £75,000 pax. Ideally located in a popular parade, the property comprises a ground floor retail premises, with a large warehouse to the rear, and a three bedroom maisonette on the first floor. Opportunities to acquire freehold investments in the immediate area are extremely rare, and as such the property is likely to prove of interest to local and regional investors.
ACCOMMODATION The ground floor and warehouse is occupied by Laithwaites Wines and comprises a generous double fronted open-plan shop, warehouse, kitchen, and toilets. The warehouse is approximately 1,700 sqft with a 4.3m ceiling height, a 3.6m wide cantilevered door and a 9m delivery bay. The area demised to Laithwaites also includes 7 allocated parking spaces. The first floor accommodation is accessed from the side and has a private entrance and lobby leading to the first floor, comprising lounge, kitchen, three bedrooms and a bathroom.
FURTHER INFORMATION Copies of the existing floor plans, existing leases and EPCs are available on request.
348 Crofton Road, Locksbottom, Orpington, Kent BR6 8NN Freehold mixed-use investment for sale
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348 Crofton Road, Locksbottom, Orpington, Kent BR6 8NN
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Description
Accommodation
Location
Terms
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LOCATION The property is situated on Crofton Road (A232) in the heart of Locksbottom; equidistant to Bromley and Orpington town centres. Crofton Road is adjacent to the Farnborough Park Estate, and within 1/4 mile of Keston Park Estate; two of the most sought after residential locations in the borough. Crofton Road (A232) joins the A21 which provides access to Kent and the M25 to the South, with Bromley and Lewisham to the North. Orpington is the closest station; situated within 1 mile of the property and providing access to London Bridge and Charing Cross. Numerous bus routes also pass along Crofton Road. Neighbouring occupiers include Costa Coffee, Lidl and Marks & Spencer.
E: [email protected] W: acorncommercial.co.uk 1 Sherman Road, Bromley, Kent BR1 3JH T: 020 8315 5454
120 Bermondsey Street, London SE1 3TX T: 020 7089 6555
348 Crofton Road, Locksbottom, Orpington, Kent BR6 8NN
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Description
Accommodation
Location
Terms
View all of our instructions here...
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LEASE TERMS The ground floor was let to Laithwaites on the 15th March 2006, on full repairing and insuring terms for 15 years. The remaining 5 years will be paid at £60,000 pax. The lease is subject to 5 yearly reviews and is secured inside the ‘54 Act. The residential flat on the first floor is rented at £15,000 pa. The current tenants have been in occupation since October 2016 on a 12 month AST.
TERMS Offers in excess of £1,500,000 are invited for the freehold interest subject to the existing leases. A deadline for offers may be set and therefore, interested parties are advised to contact our offices for further information.
VAT We understand that VAT is not applicable in this transaction.
VIEWINGS All viewings are strictly by prior appointment with Acorn’s Commercial & Development Division on 020 8315 5454.
INVESTMENT SUMMARY Freehold investments in Locksbottom rarely come available. The subject property offers buyers the prospect of securing a NIY of 4.75% (based on the guide, and allowing for purchase costs of 5.75%) with the future potential to develop the warehouse and upper parts, stpp.
For more information contact: Tony Wood on 020 8315 5454 Meet the rest of the team...
This [brochure and its content] is copyright of Acorn Limited © 2016. All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited. You may not, except with our express written permission, distribute or commercially exploit the content, nor may you transmit it or store it in any form. Acorn as our vendor’s agents have endeavoured to check the accuracy of these sales particulars, but however can offer no guarantee, we therefore must advise that any prospective purchaser employ their own experts to verify the statements contained herein. All measurements are approximate and should not be relied upon. No equipment, utilities, circuits or fittings have been tested.
E: [email protected] W: acorncommercial.co.uk 1 Sherman Road, Bromley, Kent BR1 3JH T: 020 8315 5454
120 Bermondsey Street, London SE1 3TX T: 020 7089 6555
• • • • • • •
Description
Accommodation
Location
Terms
Freehold, mixed-use investment Retail, warehouse, and residential flat c. 3,500 sqft of ground floor accommodation Popular parade in affluent suburb Fully let producing £75,000 pax Development potential (STPP) Guide Price £1,500,000 F/H
DESCRIPTION A rare opportunity to acquire an attractive, detached freehold mixeduse investment producing £75,000 pax. Ideally located in a popular parade, the property comprises a ground floor retail premises, with a large warehouse to the rear, and a three bedroom maisonette on the first floor. Opportunities to acquire freehold investments in the immediate area are extremely rare, and as such the property is likely to prove of interest to local and regional investors.
ACCOMMODATION The ground floor and warehouse is occupied by Laithwaites Wines and comprises a generous double fronted open-plan shop, warehouse, kitchen, and toilets. The warehouse is approximately 1,700 sqft with a 4.3m ceiling height, a 3.6m wide cantilevered door and a 9m delivery bay. The area demised to Laithwaites also includes 7 allocated parking spaces. The first floor accommodation is accessed from the side and has a private entrance and lobby leading to the first floor, comprising lounge, kitchen, three bedrooms and a bathroom.
FURTHER INFORMATION Copies of the existing floor plans, existing leases and EPCs are available on request.
348 Crofton Road, Locksbottom, Orpington, Kent BR6 8NN Freehold mixed-use investment for sale
View more information...
348 Crofton Road, Locksbottom, Orpington, Kent BR6 8NN
Home
Description
Accommodation
Location
Terms
View all of our instructions here...
III
III
LOCATION The property is situated on Crofton Road (A232) in the heart of Locksbottom; equidistant to Bromley and Orpington town centres. Crofton Road is adjacent to the Farnborough Park Estate, and within 1/4 mile of Keston Park Estate; two of the most sought after residential locations in the borough. Crofton Road (A232) joins the A21 which provides access to Kent and the M25 to the South, with Bromley and Lewisham to the North. Orpington is the closest station; situated within 1 mile of the property and providing access to London Bridge and Charing Cross. Numerous bus routes also pass along Crofton Road. Neighbouring occupiers include Costa Coffee, Lidl and Marks & Spencer.
E: [email protected] W: acorncommercial.co.uk 1 Sherman Road, Bromley, Kent BR1 3JH T: 020 8315 5454
120 Bermondsey Street, London SE1 3TX T: 020 7089 6555
348 Crofton Road, Locksbottom, Orpington, Kent BR6 8NN
Home
Description
Accommodation
Location
Terms
View all of our instructions here...
III
III
LEASE TERMS The ground floor was let to Laithwaites on the 15th March 2006, on full repairing and insuring terms for 15 years. The remaining 5 years will be paid at £60,000 pax. The lease is subject to 5 yearly reviews and is secured inside the ‘54 Act. The residential flat on the first floor is rented at £15,000 pa. The current tenants have been in occupation since October 2016 on a 12 month AST.
TERMS Offers in excess of £1,500,000 are invited for the freehold interest subject to the existing leases. A deadline for offers may be set and therefore, interested parties are advised to contact our offices for further information.
VAT We understand that VAT is not applicable in this transaction.
VIEWINGS All viewings are strictly by prior appointment with Acorn’s Commercial & Development Division on 020 8315 5454.
INVESTMENT SUMMARY Freehold investments in Locksbottom rarely come available. The subject property offers buyers the prospect of securing a NIY of 4.75% (based on the guide, and allowing for purchase costs of 5.75%) with the future potential to develop the warehouse and upper parts, stpp.
For more information contact: Tony Wood on 020 8315 5454 Meet the rest of the team...
This [brochure and its content] is copyright of Acorn Limited © 2016. All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited. You may not, except with our express written permission, distribute or commercially exploit the content, nor may you transmit it or store it in any form. Acorn as our vendor’s agents have endeavoured to check the accuracy of these sales particulars, but however can offer no guarantee, we therefore must advise that any prospective purchaser employ their own experts to verify the statements contained herein. All measurements are approximate and should not be relied upon. No equipment, utilities, circuits or fittings have been tested.
E: [email protected] W: acorncommercial.co.uk 1 Sherman Road, Bromley, Kent BR1 3JH T: 020 8315 5454
120 Bermondsey Street, London SE1 3TX T: 020 7089 6555
