Generating an income of £110,000 per annum, the 2,629 sq ft store has already been occupied by Moss for 10 years, demonstrating the retailer’s confidence in this 100% prime, pedestrianised retailing pitch. The upper parts comprise residential units which have been sold off on long leaseholds at a peppercorn rent.
Tapping into an extensive consumer base of 630,000 people, this investment opportunity will enable investors to capitalise on an incredibly strong and growing London market, with a retail property that benefits from strong footfall generated by its prime location adjacent to Marks & Spencer and the entrance to the thriving Glades Shopping Centre.
FMX's Patrick Kilvington and Oliver Smart have been instructed to market the freehold of 133 High Street in Bromley for £1.3m, reflecting a net initial yield of 8%. Get in touch to find out more and discuss the opportunity in more detail.
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