FREEHOLD OFFICES WITH DEVELOPMENT POTENTIAL, 1-2 North Street, Bromley, BR1 1SD
6,281 Sq Ft / Offices
For Sale
- £1,250,000.00
Available - Last updated: 31 May 2024
Freehold tenanted offices in the heart of Bromley Town Centre with residential conversion potential. The property has been owned by Pearce Bros. Management Services Limited since 1983. These premises include a two commercial offices, a two-bed flat, and a two storey stables building to the rear with annexes. The property currently receives £76,280 per annum (p.a) across eight different tenants. The rents have already been negotiated to be increased to £82,140 from October 2024.
The buildings measure approximately 6,281 sqft with parking for 10 cars. 1 - 2 North Street was formerly houses which were converted into offices and a large 2 bedroom flat (86 sqm). The stables is a former horsing stables that has since been converted into 3 x offices.
The properties are held in an SPV under one title.
The vendors will consider offers in the region of £1,250,000 for the SPV or asset.
Property Quote Price(s)
| Description | Sale type | Guide price | Price type |
| |
For Sale Freehold
|
£1,250,000.00
| NA |
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