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123-125 High St 450 SF Retail Condo Unit Offered at $450,456 in Beckenham BR3 1AG
INVESTMENT HIGHLIGHTS
- Ground floor commercial unit for sale
- Virtual freehold (999 years)
- Prominent position on established high street
EXECUTIVE SUMMARY
The property is located on a retail parade that occupies a favourable position on Beckenham High Street. Beckenham is an affluent area with a busy town centre which boasts a varied array of retailers including Café Nero, Boots, Sainsburys, as well as restaurants, bars and other typical high street facilities.
PROPERTY FACTS
| Total Building Size | 450 SF | Typical Floor Size | 150 SF |
| Property Type | Retail (Condo) | Year Built | 1928 |
| Property Subtype | Storefront | Tenancy | Single |
| Building Class | B | Lot Size | 0.13 AC |
| Floors | 3 |
| Total Building Size | 450 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 150 SF |
| Year Built | 1928 |
| Tenancy | Single |
| Lot Size | 0.13 AC |
AMENITIES
- Bus Line
- Commuter Rail
1 UNIT AVAILABLE
Unit 123-125
| Unit Size | 450 SF | Sale Type | Investment |
| Price | $450,456 | Tenure | Long Leasehold |
| Price Per SF | $1,001.01 | Cap Rate | 8.00% |
| Condo Use | Retail | NOI | $36,036.52 |
| Unit Size | 450 SF |
| Price | $450,456 |
| Price Per SF | $1,001.01 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 8.00% |
| NOI | $36,036.52 |
DESCRIPTION
A unique opportunity to purchase a virtual freehold commercial investment on Beckenham High Street. Measuring c. 450sqft internally, the ground floor commercial unit is currently let to a Gentleman’s Grooming Salon. The unit is currently being fully refurbished and due to re-commence trading in Summer 2025. The unit is currently achieving £27,000 per annum in rental and is let on a 12-year lease expiring June 2037. From a Landlord’s perspective the lease also has the benefit of rent reviews to RPI or open market value – whichever is higher.
SALE NOTES
Offers in excess of £337,500 are invited for a new 999-year virtual freeholdbwith the benefit of the existing lease and income. We understand that VAT is not applicable on the sale
NEARBY MAJOR RETAILERS
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123-125 High St
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