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Ringers Road, Bromley, Kent - Image 1
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Ringers Road, Bromley, Kent

South East

£2,000,000
Listed on 06/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This freehold commercial property presents a distinct opportunity in Bromley Town Centre, offering a total internal area of 11,872 sqft. Located on a 0.1ha plot between Ringers Road and Ethelbert Road, the site is just steps away from Bromley High Street, ensuring high visibility and foot traffic. Currently, the ground and part first floor is operated as a restaurant under a lease with an annual rent of £75,000, which allows for a mutual break option after January 2025. The upper levels make up approximately 5,580 sqft of creatively used space generating £25,000 per year with a similar break option available post-July 2025. The property holds significant potential for value enhancement through careful management or redevelopment (subject to planning permissions). With the flexible use class E designation, it opens avenues for various commercial opportunities including retail outlets, offices, eateries, medical facilities, and more. Investors or developers can explore multiple pathways for revitalization or repositioning to maximize returns.

Investment Analysis

(BR1 area)
Area Average
£514/sq ft
Avg Rent (weekly)
£430
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (BR1)

Area prices are falling by -4.3% over the last 12 months
3 year growth: +0.5%
5 year growth: +1.6%
Investment Disclaimer: Analysis based on BR1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Ringers Road, Bromley, Kent
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£7,213
Based on a loan of £1,500,000 over 30 years at 4.06% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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