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131-133 High St 1,087 SF Retail Condo Unit Offered at $623,333 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 | 1,087 SF | Floors | 3 |
| Property Type | Retail (Condo) | Typical Floor Size | 362 SF |
| Property Subtype | Storefront | Year Built | 1934 |
| Building Class | B | Lot Size | 0.02 AC |
| Total Building Size | 1,087 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 362 SF |
| Year Built | 1934 |
| Lot Size | 0.02 AC |
AMENITIES
- Automatic Blinds
- Storage Space
1 UNIT AVAILABLE
Unit 131-133
| Unit Size | 1,087 SF | Sale Type | Investment |
| Price | $623,333 | Tenure | Long Leasehold |
| Price Per SF | $573.44 | Cap Rate | 8.00% |
| Condo Use | Retail | NOI | $49,866.63 |
| Unit Size | 1,087 SF |
| Price | $623,333 |
| Price Per SF | $573.44 |
| Condo Use | Retail |
| Sale Type | Investment |
| Tenure | Long Leasehold |
| Cap Rate | 8.00% |
| NOI | $49,866.63 |
DESCRIPTION
A unique opportunity to purchase a virtual freehold commercial investment on Beckenham High Street. Measuring c. 1,087sqft internally, the ground floor commercial unit is currently let to ‘Emma Coleman Skin’, an established business on Beckenham High Street. The unit is currently achieving £37,426 per annum in rental and is let on a 12-year lease expiring September 2029. From a Landlord’s perspective the lease also has the benefit of rent reviews to RPI or open market value – whichever is the higher.
SALE NOTES
Offers in excess of £467,830 are invited for a new 999-year virtual freehold with 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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131-133 High St
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