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45 High St, Beckenham

Retail storefront for sale in Beckenham

£1,900,000 / 3,335 sq ft

by Davis Brown
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Highlights

Features

Full address
45 High St, Beckenham BR3 1AW – Beckenham
Asking price
£1,900,000
Links
Pdf #1 marketing brochure/flyer

Sale details

There is 1 space available. This measures 3,335 sq ft.

Sale unit Available

Unit
Sale unit
Size
3,335 sq ft
Price
£1,900,000
Price per sq ft
£569.72
  • The property is held freehold in an SPV and is subject to the two commercial lettings and a long leasehold interest in respect of the four flats.
  • The long leasehold interest is held by a connected party in a separate SPV.
  • The lease was granted for a term of 125 (less three days) from 26 August 2015 and is subject to the ASTs.
  • The property consists of both the freehold and long leasehold interests.
  • Tenure: The property is held freehold in an SPV and is subject to the two commercial lettings and a long leasehold interest in respect of the four flats.
  • The long leasehold interest is held by a connected party in a separate SPV.
  • The lease was granted for a term of 125 years (less three days) from 26 August 2015 and is subject to the ASTs.
  • The property consists of both the freehold and long leasehold interests.
  • Planning: The building is not listed but comes within the Beckenham Town Centre Conservation Area.
  • Planning permission was granted for Unit 1 from Class A1 to Hair Salon (Class A1) and Beauty Spa (Sui Generis).
  • Mixed Use Investment providing 4 self-contained flats and 2 retail (A1/A3) Units in Beckenham, Kent producing £127,100 pa (gross).
  • A substantial detached freehold building located on the busy High Street, Beckenham.
  • Recently converted to provide 4 self-contained residential flats and 2 retail (A1/A3) Units.
  • 4 allocated car parking spaces to the rear for the residential flats with direct access off the High Street.
  • Further scope for further development potential subject to planning.
  • Retail element producing £78,500 pa on the ground floor on effect FRI terms.
  • Residential income from AST lettings producing £48,600 pa (gross).
  • Total gross income £127,100 pa.
  • This is a substantial detached property and was originally constructed as a police station.
  • It was converted about 5/6 years ago to provide four self-contained flats (3 x one bedroom and 1 x two bedroom) with a large well maintained communal terrace area and four allocated car parking spaces to the rear.
  • The ground floor provides two retail units, one which trades as Coppers, a British Restaurant and the other retail unit trading as The Boutique Spa (hair and beauty salon).
  • This is an imposing brick built building of traditional construction on a larger than average rectangular site of about 0.07 ha (0.17acre).
  • Beckenham is an affluent suburb of Bromley in Kent and the High Street has a cosmopolitan array of restaurants and retailers including Ask Italian, NatWest Fee & Brown, M&S Simply Food, Sainsbury's, Boots, Costa, Superdrug and Waitrose.
  • Beckenham is one of the four district centres within the London Borough of Bromley.
  • The property is located on the eastern side of the High Street, close to its junction with Manor Road (A222) and Bromley Road.
  • Beckenham Junction mainline train station is within a short walking distance with trains to London Victoria.
  • London Victoria services Gatwick Express, Southern, Southeastern and Thameslink trains, together with London Victoria Underground Station serving the Victoria, District and Circle lines.
  • Beckenham High Street is undergoing a series of improvements which will cover all public areas between Beckenham Junction Station and the War Memorial Roundabout.
  • The scheme is being funded by Bromley Council in partnership with Transport for London and it is understood that the works will be completed by late 2018..
Sale type Investment
Tenure Freehold
More building details Less building details

Property facts for 45 High St, Beckenham

The property comprises a two storey red brick building, built circa 1905. Internally, the property has two floors, the ground floor offers retail accommodation. which is split into two units. The first floor is given over to provide residential accommodation in the form of 4 individual flats, externally, there are four car parking spaces to the rear of the building, which are reserved for the use of the residential occupiers. The property was previously used as a police station.

The property is located on the High Street between the junctions of Manor Road and Bromley Road. Beckenham Junction Railway and Tram Station is located 0.23 miles away whilst the Clock House Railway Station is also close by.

Building subtype
Retail storefront
Number of storeys
2
Parking ratio
1.19
Total building area
3,335 sq ft
Rentable building area
3,335 sq ft
Lot size
0.17 acres
Construction material
Masonry
Year built
1906
Parking
Surface, Covered, Covered tandem, Reserved: 4

Map & nearby

45 High St, Beckenham

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Davis Brown

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Disclaimer. Property descriptions, images and related information displayed on this page are based on marketing materials found on the website registered to Davis Brown. Realla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Davis Brown for full details and further information. 7453648