62 Gravel Rd - Retail FOR SALE


Bromley, LND BR2 8PF
$1,100,000 USD
62 Gravel Rd, Bromley, LND for Sale
$1,100,000 USD
Retail - FOR SALE
1/2
null | 7.11% Cap Rate

62 Gravel Rd
Bromley, LND BR2 8PF


HIGHLIGHTS

  • Property arranged over three levels: basement, ground and first floors
  • Located in South London within the London Borough of Bromley
  • The Bird in Hand is situated at the intersection between Gravel Road and Cross Road within a predominantly residential area

OVERVIEW

The entire property is let to private individual on a 20 year lease from 26 October 2023 at a current rent of £82,800 per annum which is subject to five yearly open market reviews and annual RPI increases with a collar of 2% and cap of 5% (except in the open market review year). A rent deposit of £20,339 is held by the landlord.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$316 USD /SF

CAP RATE

7.11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bird In Hand

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,298 SF

ZONING

-

APN/PARCEL ID

SGL34695

ASK ABOUT THIS PROPERTY

Stuart StaresSavillsMore Info

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