3 bed Sold
Call: 020 3973 8725
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Property Description
- Electric Heating
This is an exceptional opportunity to acquire a fully let freehold, mixed-use property in the highly desirable Sundridge Park area of Bromley. This prominent building features both commercial and residential spaces, generating strong rental income and offering future flexibility for investors.
Commercial Unit: Spanning approximately 1,250sqft across the ground and basement levels, this unit is currently let to a well-established barber, generating a passing rent of £19,500 per annum. With four years remaining on the lease and terms outside the Landlord & Tenant Act 1954, the unit offers a secure income stream and flexibility at the lease’s end.
Residential Flat: A three-bedroom flat occupying the first and second floors, offering 803sqft of living space. The flat is let on an Assured Shorthold Tenancy (AST) at £1,800 per month. Accessed via a private staircase off Plaistow Grove, the flat includes a spacious roof terrace, providing additional appeal to tenants. The flat is in fair condition, with potential for future improvements to enhance rental value.
Freehold properties in this well-regarded area rarely come to market, making this a unique opportunity for active management or future development. With established tenants and an attractive position, the property will appeal to both investors seeking a steady income stream and local property owners looking to expand their portfolio.
Location:
Positioned along Sundridge Parade on Plaistow Lane, this property benefits from excellent visibility and accessibility in the heart of Sundridge Park. It is less than 100 yards from Sundridge Park Railway Station, offering frequent connections to Grove Park (3 minutes) and London Bridge (15 minutes). The nearby 314 bus route provides convenient access to Bromley Town Centre and Eltham.
Sundridge Park is a popular and affluent area known for its quality retailers, cafés, and restaurants, with a Tesco Express within walking distance. Bromley High Street and The Glades shopping centre are also nearby, providing a range of major retail and leisure options.
VIEWINGS BY APPOINTMENT ONLY
USE EXT.110 FOR AGENT
