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Agent's details

8 & 1D Princess Parade, Crofton Road, Locksbottom BR6 8NP

For sale: £395,000.00|1,000 Sq Ft|Retail, Flat, Retail - Out of Town, Residential

Property details

FOR SALE£395,000.00
SIZE1,000 Sq Ft
ADDRESS8 & 1D Princess Parade, Crofton Lane, Locksbottom BR6 8NP
TYPERetail, Flat, Retail - Out of Town, Residential
TENUREInvestment Opportunity, For Sale Leasehold
POSTED ON24th November 2022

Description

Locksbottom is situated within the London Borough of Bromley between Orpington and Bromley. The property is located on the A232 Crofton Road close to the junction with A21 Farnborough Common providing direct access to Junction 4 of the M25 motorway.

The property is set within an established parade at ground floor level plus first floor flat. Surrounding occupiers include Sainsburys Superstore, Lidl, Costa Coffee and a variety of retail and restaurant operators.

The premises a ground floor retail unit let to William Hill Bookmakers and an upper two bedroom flat (not inspected), let upon an Assured Shorthold Tenancy.

The property forms part of an established parade offering a range of retail and professional office units, with a number of residential flats arranged at the upper levels.

To the front of the property there is a pay and display parking area and to the rear a substantial Sainsburys Superstore with car parking.

8 Princess Parade (Ground Floor)
Let to William Hill Organization Limited for a term of years expiring August 2023. The passing rent is £31,000 per annum exclusive.

1D Princess Parade (First Floor Flat)
Let on an AST at a current rent of £800 PCM.

Total Income – £41,100 per annum

Location

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Location: 8 & 1D Princess Parade, Crofton Lane, Locksbottom BR6 8NP

New Cross (8.4 miles)

New Cross Gate (8.5 miles)

North Greenwich (9.4 miles)

Orpington (1.4 miles)

Petts Wood (1.7 miles)

Hayes (Kent) (2.1 miles)

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