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115-131 High St 3,811 sq ft 100% Let Retail Property Beckenham BR3 1AG £2,100,000 (£551.04/sq ft) 8% Net Initial Yield



EXECUTIVE SUMMARY
A rare and unique opportunity to purchase a virtual freehold commercial investment on Beckenham High Street. The 6 commercial units are let to proven established businesses to include a Italian Café/Delicatessen, Florists, Poke Bowl, Gentleman’s Grooming Salon, Opticians and a Dermatology Clinic. Each of the 6 leases has the benefit of rent reviews to RPI or open market value – whichever is the higher.
Offers in excess of £2,100,000 are invited for the entire parade for a new 999-year virtual freehold with the benefit of the existing leases and income. We understand that VAT is not applicable on the sale
Offers in excess of £2,100,000 are invited for the entire parade for a new 999-year virtual freehold with the benefit of the existing leases and income. We understand that VAT is not applicable on the sale
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
3,811 sq ft
Costar Property Class
B
Year Built
1910
Price
£2,100,000
Price per sq ft
£551.04
Yield
8%
NOI
£168,000
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.20
Total Plot Size
0.43 ac
Frontage
213 ft on High Street
AMENITIES
- 24 Hour Access
- Restaurant
- Security System
- Signage
- Storage Space
- Smoke Detector
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115-131 High St
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