Unique investment opportunity to purchase an income generating serviced office in the heart of Bromley.
The property is fully tenanted generating a gross income of £124,874.08. The Landlords are responsible for utilities which is £28,311.71 per annum and therefore the net income after bills (rates, gas, water, electricity, insurance) is £96,562.37 per annum.
Unconditional offers with the tenants in situ will be considered and a full legal pack is available.
Location
The property is situated in a leafy and affluent part of Bromley near Keston and Farnborough Park. It is located in a mixed-use area on the west side of Oakley Road, near the junction with Cross Road. It is close to sports grounds, residential properties and Ravenswood Secondary School. The property forms part of the Bencewell Farm complex which is a lovely rural location for prospective businesses. The property is 10 minutes’ drive from Orpington Station which provides trains to London Bridge within 20 minutes.
Accommodation
The property is located within a former agricultural building, converted into a serviced office centre with a mezzanine floor. The property measures 6,358 sqft over ground and mezzanine floors and there is a 2,944 sqft yard space used for parking. The property comprises 11 office suites along with a kitchen, toilets, storage room and a communal meeting room. The 11 office suites occupy only 3,329 sqft of the building and the rest is communal areas. There is a large reception and first floor storage room measuring just over 1,300 sqft in total which could be converted into additional units.
Please see attached brochure for accommodation schedule.
Terms
Tenure - Freehold
VAT - The property is not VAT elected.
Proposals - Offers in excess of £825,000.