Offers over
£740,000
Property for sale65 High Street, Bromley, Kent BR1
About this property
Retail investment property let to Blacks until 2029
Producing £52,000pa
Prime position on Bromley's busy high street
Measures 3,073 sqft across four floors
Tenant in occupation since 1973
Oieo: £740,000 + VAT (7.02% return)
Reflecting £240 per sqft
The property comprises a red brick, Victorian terraced property with well configured retail accommodation over basement, ground and two upper floors. The property measures a total of 3073 sqft internally with the ground floor serving as the main retail area and the remaining floors as storage, staffroom & ancillary. The tenants have been in occupation since 1973 and signed a new, 5-year lease in 2024 (Fri) at a passing rent of £52,000pa. Blacks Outdoor Retail Limited is one of the largest outdoor retailer in the UK with stores nationwide is a subsidiary of jd sports, which is listed on the ftse 250. The property has potential for future development of the uppers into residential (STPP) however, the property is being sold subject to the existing tenancy agreement. This property would make an ideal purchase for a local investor or sipp and is available immediately
Mortgage calculator
Monthly repayment
£3,701 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}