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79-81 Queensway 1,842 sq ft 100% Let Retail Property Orpington BR5 1DQ £790,000 (£428.88/sq ft) 7% Net Initial Yield



Investment Highlights
- Situated In Suburban Borough Of Bromley
- Ground Floor Retail And Upstairs Residential
- Across From Train Station
Executive Summary
The property comprises two terraced buildings arranged over ground and first floors, with retail on the ground floor and residential on the first floor.
The property provides the following approximate net internal floor areas (NIA):
79 Queensway (Grd): 1,037 sq ft 96.30 sq m
81 Queensway (Grd): 1,000 sq ft 92.89 sq m
81a Queensway (FF): 723 sq ft 67.18 sq m
Total: 2,760 sq ft 256.37 sq m
We have been instructed to seek offers in excess of £790,000 (Seven Hundred and Ninety Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7%, assuming standard purchaser costs.
The property provides the following approximate net internal floor areas (NIA):
79 Queensway (Grd): 1,037 sq ft 96.30 sq m
81 Queensway (Grd): 1,000 sq ft 92.89 sq m
81a Queensway (FF): 723 sq ft 67.18 sq m
Total: 2,760 sq ft 256.37 sq m
We have been instructed to seek offers in excess of £790,000 (Seven Hundred and Ninety Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7%, assuming standard purchaser costs.
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Shopfront Retail / Residential
Property Size
1,842 sq ft
Costar Property Class
B
Year Built
1930
Price
£790,000
Price per sq ft
£428.88
Yield
7%
NOI
£55,300
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
2
Plot ratio
0.32
Total Plot Size
0.13 ac
Parking
1 Spaces (0.54 Spaces per 1,000 sq ft Leased)
Frontage
37 ft on Queensway
Amenities
- 24 Hour Access
- Bus Route
- Storage Space
1 1
Nearby Major Retailers
1 of 5
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79-81 Queensway
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