Orpington is a prosperous town 16 miles to the south of central London and 5 miles from Bromley. The town is adjacent to the A224 and Junctions 3 and 4 of the M25 Motorway and benefits from regular rail services to various London Mainline stations.
The property is close to the Walnuts Shopping Centre which has recently undergone extensive regeneration to include the development of a new Odeon cinema along with 4 new retail units, 3 restaurants and remodeling of the public square. The subject premises occupy a prime retail pitch and surrounding occupiers include Finch House, Graham Webb, Barclays Banks plus a range of independent retailers.
This large and very well placed Commercial unit occupies a dominant and principal location in the busy Orpington High Street. Enjoying excellent footfall and vehicular passing trade this three storey building comprises a long and large ground floor split level retail element which as a build depth of 33m (108ft)~ by 6m in width (20 ft). The ground floor is currently used as an electrical retail display area and lighting centre to a long established business which is soon to vacate. The ground floor is well decorated and bright and provides an amazing and functional retail space which will appeal to a variety of users. To the rear there is a storage room and rear exit and yard providing 2 parking spaces. The ground floor is approximately 1989 sq ft (184 sq m) in size.
The first floor is approximately 9.4m in depth and 6.2m wide providing an additional 56.4 sq m (607 sq ft).
The 2nd floor accessed through the same central staircase is used as a storage room and is approximately 6.9 x 5.4m 37.26 sq m ((401 sq m).
Please see terms as some of these floors can be offered separately.
Harpers & Co are delighted to offer this large property on a new lease 15 year lease inside the 1954 Landlords & Tenants Act.
* Rent reviews every 3 years.
* Whole Building offered at £36,000 per annum or Ground floor only at £27,000. * The first floor can also be offered at £14,000 per annum.
The property is subject to VAT.
The above is open to some negotiation to serious inquiries and strong covenants.
The landlords request that their reasonable legal fees are paid in this transaction.
This property is elected for VAT and so VAT is chargeable.
HARPERS & CO SPECIAL REMARKS
We are delighted to offer this unique commercial unit spread over three floors enjoying fantastic depth and width o the ground floor. The unit is well located in the middle of the popular high street and enjoys excellent footfall and passing trade. We strongly recommend viewings by appointment only through Harpers & Co on 01322 524425.
Applicants are encouraged to make their own inquiries through the VOA. Our own inquiries suggest a rateable value of £21,500 per annum with an intended 2017 revaluation to £24750.00.