Guide price
£600,000
(£175.34/sq. ft)
Retail premises for saleAlbemarle Road, Beckenham, Kent BR3
3,422 sq. ft
Just added
About this property
Long leasehold office building for sale
Situated over ground and first floors
Let to Angels Media with 5 occupiers subletting office spaces in the building, producing a gross rent of £75,000
To be sold with vacant possession or with new leases granted for the remaining tenants upon completion
Lapsed consent in 2021 for the conversion of first floor into 3 flats
Guide Price: £600,000 (L/H: 102 years remaining)
An opportunity to purchase a long leasehold office building in the heart of Beckenham. The property is comprised of smart, open plan offices arranged over the ground and first floor of a modern, mixed-use development. The space measures approx. 3422sqft in total and is subdivided into 5 offices across the two floors. The office spaces are air-conditioned throughout with kitchen and WC facilities on both floors as well as a communal boardroom on the first floor. Offered with a flexible E class use and a wide glazed frontage onto the pavement, the space can serve a range of occupiers.
The property is currently let at £75,000 to 'Angels Media' who sublet the spaces to separate tenants at a passing rent of £67,800pa paid to the leaseholder. The head lease is held by Angels Media who will be dissolving their lease and vacating on completion. As such, there is an opportunity for the property to be purchased with vacant possession or as an investment, with a new buyer forming new licenses for the remaining tenants upon completion.
The office spaces are air-conditioned throughout with kitchen and WC facilities on both floors as well as a communal boardroom on the first floor. Offered with a flexible E class use and a wide glazed frontage onto the pavement, the space can serve a range of occupiers.
The Long Leasehold of the ground and first floor is available to purchase, with approx. 102 years remaining.
The property is currently let at £75,000 to 'Angels Media' who sublet the spaces to separate tenants at a passing rent of £67,800pa paid to the leaseholder. The head lease is held by Angels Media who will be dissolving their lease and vacating on completion. As such, there is an opportunity for the property to be purchased with vacant possession or as an investment, with a new buyer forming new licenses for the remaining tenants upon completion.
The office spaces are air-conditioned throughout with kitchen and WC facilities on both floors as well as a communal boardroom on the first floor. Offered with a flexible E class use and a wide glazed frontage onto the pavement, the space can serve a range of occupiers.
The Long Leasehold of the ground and first floor is available to purchase, with approx. 102 years remaining.
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