183-187 High Street
Bromley BR1
£1,250,000
Development / Investment / freehold 288 m2 (3097 ft2)
Description
Offers in excess of £1,250,000
The properties comprise two x three storey and one x single storey mid-terraced Victorian properties, benefitting from a large yard area to the rear fronting Walters Yard.
There are three separate buildings, which are all vacant apart from the ground floor of 187 High Street. This is let on a 10 year full repairing and insuring lease from 17 November 2017 at £14,000 per annum. The rent review dated 24 June 2020 has not been instigated. There is also one further review on 24 June 2025.
The site offers significant development potential. Various feasibility studies have been carried out, including converting the offices to residential and developing part of the large rear area.
SUMMARY
Development Opportunity
Prominent main road location
Freehold
Low Capital Value
Asset management opportunities with high yielding reversionary potential
Location
The properties are situated on the northern side of the High Street (A222), close to the junction with Market Square. The premises are 0.3 miles from Bromley North (South Eastern) Railway Station and are located within the Bromley Town Centre Conservation Area, between Walkers Yard and the High Street.
Location
Nearest stations
- 0.2 miles Bromley North
- 0.5 miles Bromley South
- 0.5 miles Shortlands
Local area
David Bowie’s family moved to Bromley from Brixton when the future superstar was six years old. Over 60 years later and young families still have the same idea, for leafy Bromley lies just 12 miles and 15 minutes from central London, yet offers a world of calm and charm.
