133 High Street

Description

• 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.