19 Widmore Road, Bromley

Property Details: • Type: 3,387 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • High Yielding Mixed-Use Investment Opportunity • Multi-Let to Two Tenants • 3,387 sq ft (314.86 sq m) • Asset Management Potential • Development/Conversion Potential (stp) • Established and Popular Location • Investment Let at £49,000 p.a. (10% GIY on Guide Price)

Location: • Nearest Station: Bromley North Station • Distance to Station: 0.2 miles

Agent Information: • Address: 33 Margaret Street, London, W1G 0JD

Full Description: The property comprises a high yielding mixed use investment forming part of a popular retail parade in central Bromley.Arranged across ground, first and second floors, the property comprises a ground floor retail unit with separately accessed commercial upper parts.The property is fully let to two tenants and producing a total income of £49,000 per annum.19 Widmore Road is let to a 1917 Chill Cafe on a seven lease expiring 24/12/2030 and producing £32,000 per annum.19A Widmore Road is let to Pond Group on a five year lease expiring 24/03/2028 and paying £17,000 per annum.The property benefits from asset management potential, with both leases benefitting from 3 yearly rent reviews. There may also be potential to convert the upper parts to alternative uses, including residential (subject to the existing leases and any requisite consents).The property occupies a prominent pitch on Widmore Road, a popular, high footfall, street immediately to the north of the pedestrianised centre of Bromley. The street also forms one of the principal pedestrian routes between the Glades Shopping Centre and Bromley North Station. The area is characterised by a mix of local and national retailers, in particular restaurants and other leisure tenants including Pizza Express, Nando's, Franco Manca and Five Guys.