Price
Rent
Net Initial Yield
Tenure
• Bromley is the largest town in southeast London and is a popular London commuter town.
• The London Borough of Bromley is one of the largest economies in Greater London with an extensive consumer base of 630,000 people.
• The property is situated on the eastern side of High Street, within the towns 100% retailing pitch.
• The subject property is adjacent to a full range Marks & Spencer, who have been in occupation since 1931.
• Let to Moss Bros Group Limited for a term of five years from 13th April 2024, at a current rental of £110,000 per annum.
• The tenant has been in occupation for over 10 years.
• Freehold.
We are instructed to seek offers in excess of £1,300,000 (One Million Three Hundred Thousand Pounds) subject to contract and exclusive of VAT. Allowing for purchaser’s costs of 5.99%, a purchase at this price reflects a net initial yield of 8%.
A purchase of the SPV which the subject property is held in may be considered by the vendor. Further information is available upon request.
Enter your email address to subscribe to our property email alerts.
Enter your name and email address below to subscribe to our property email alerts.
