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1-3 Ravensbourne Rd 1,635 sq ft 100% Let Retail Property Bromley BR1 1HN £575,000 (£351.68/sq ft) 7.75% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Two ground & first floor commercial units
- Currently let producing £44,500pa
- Measures 1,635sqft
EXECUTIVE SUMMARY
Offers in excess of £575,000 are invited for the freehold interest with the benefit of the existing leases and income. We understand that VAT is not chargeable.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront
Property Size
1,635 sq ft
Costar Property Class
B
Year Built
1925
Price
£575,000
Price per sq ft
£351.68
Yield
7.75%
NOI
£44,563
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.54
Total Plot Size
0.07 ac
Parking
2 Spaces (1.22 Spaces per 1,000 sq ft Leased)
Frontage
37 ft on Ravensbourne Road
AMENITIES
- Bus Route
- Commuter Rail
- Security System
- EPC - E
- Storage Space
- Air Conditioning
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NEARBY MAJOR RETAILERS
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1-3 Ravensbourne Rd
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