This commercial freehold property offers a sizable internal area of 11,872 square feet, strategically located within Bromley Town Centre. With a land parcel of approximately 0.1 hectares, the property is nestled between Ringers Road and Ethelbert Road, just a short walk from the bustling Bromley High Street. Currently, the building features a ground floor restaurant and part first-floor area (totaling around 6,290 square feet) generating an annual rental income of £75,000, with a mutual lease break option available from January 2025. Additionally, the remaining part of the first and second floors (approximately 5,580 square feet) are leased as creative space for £25,000 annually, with a similar lease break option through July 2025. Importantly, both leases fall outside the protections of the 1954 Landlord and Tenant Act. The versatile use class E allows for various commercial applications such as retail, office space, cafés, medical facilities, and more. This presents a unique opportunity for strategic management or redevelopment (subject to planning permission), making it an attractive proposition for investors looking to maximize potential value.
