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115-119 High St 592 sq ft Retail Unit Offered at £302,500 in Beckenham BR3 1AG
INVESTMENT HIGHLIGHTS
- Ground floor commercial unit for sale
- Virtual freehold (999 years)
- Prominent position on established high street
EXECUTIVE SUMMARY
The property is located on a retail parade that occupies a favourable position on Beckenham High Street. Beckenham is an affluent area with a busy town centre which boasts a varied array of retailers including Café Nero, Boots, Sainsburys, as well as restaurants, bars and other typical high street facilities
PROPERTY FACTS
| Total Property Size | 10,000 sq ft | Floors | 3 |
| Property Type | Retail (Unit) | Typical Floor Size | 3,333 sq ft |
| Property Subtype | Shopfront | Year Built | 1979 |
| Costar Property Class | B | Total Plot Size | 0.13 ac |
| Total Property Size | 10,000 sq ft |
| Property Type | Retail (Unit) |
| Property Subtype | Shopfront |
| Costar Property Class | B |
| Floors | 3 |
| Typical Floor Size | 3,333 sq ft |
| Year Built | 1979 |
| Total Plot Size | 0.13 ac |
AMENITIES
- Roller Shutters
1 UNIT AVAILABLE
Unit 119
| Unit Size | 592 sq ft | Sale Type | Investment |
| Price | £302,500 | Tenure | Long Leasehold |
| Price Per sq ft | £510.98 | Net Initial Yield | 8.00% |
| Unit Use | Retail | NOI | £24,200 |
| Unit Size | 592 sq ft |
| Price | £302,500 |
| Price Per sq ft | £510.98 |
| Unit Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Net Initial Yield | 8.00% |
| NOI | £24,200 |
DESCRIPTION
Ground floor retail space available comprising 502 sq ft.
SALE NOTES
A unique opportunity to purchase a virtual freehold commercial investment on Beckenham High Street. Measuring c. 592sqft internally, the ground floor commercial unit is currently let to ‘Beckenham Flower Studio’, an established business very popular with the local community. The unit is currently achieving £24,200 per annum in rental and is let on a 12-year lease expiring May 2030. From a Landlord’s perspective the lease also has the benefit of rent reviews to RPI or open market value – whichever is the higher.
NEARBY MAJOR RETAILERS
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115-119 High St
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