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40-42 High St 2,042 sq ft 100% Let Retail Property Bromley BR1 1EA £1,200,000 (£587.66/sq ft)
INVESTMENT HIGHLIGHTS
- Mixed-use freehold for sale
- ERV £95,563pa (second floor currently vacant)
- Prominent location on the high street
- Currently let producing £78,063
- Development potential (STPP)
- Guide price £1,350,000 F/H
EXECUTIVE SUMMARY
The subject property is a part-let, part-vacant mixed-use building, measuring 3088sqft in total. The commercial offering comprises a ground floor unit (let to a nail bar), a ground a first-floor unit (let to an opticians) and a second-floor office (currently vacant). On the third floor, there is a 2-bedroom flat which is let on an AST. The property currently produces a total of £78,063 with an ERV of £95,563pa. There is potential for conversion of the second-floor office into residential accommodation (STPP).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold/Long Leasehold
Property Subtype
Shopfront Retail / Residential
Property Size
2,042 sq ft
Costar Property Class
B
Year Built
1930
Price
£1,200,000
Price per sq ft
£587.66
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
3
Plot ratio
0.94
Total Plot Size
0.05 ac
Frontage
36 ft on High Street
AMENITIES
- Security System
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE END
- All Smiles Dental Care
- -
- 705 sq ft
- -
- Dec 2026
- Classique Nails
- -
- 279 sq ft
- -
- Apr 2026
- Holmes Hosking
- -
- 718 sq ft
- -
- -
- Rush Networks
- -
- 267 sq ft
- -
- -
- Wilkinsons the Opticians
- -
- 1,058 sq ft
- -
- Jun 2020
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE END | ||
| All Smiles Dental Care | - | 705 sq ft | - | Dec 2026 | ||
| Classique Nails | - | 279 sq ft | - | Apr 2026 | ||
| Holmes Hosking | - | 718 sq ft | - | - | ||
| Rush Networks | - | 267 sq ft | - | - | ||
| Wilkinsons the Opticians | - | 1,058 sq ft | - | Jun 2020 |
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40-42 High St
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