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77 Queensway 1,142 SF Retail Building Orpington BR5 1DQ $699,506 ($612.53/SF)


INVESTMENT HIGHLIGHTS
- Petts Wood is a town in south-east London lying south of Chislehurst and north of Orpington.
- The subject property is situated upon the western side of Petts Wood, facing Queensway at its junction with West Approach.
- The town is popular with commuters and Petts Wood Railway Station is located directly opposite approx 100 metres from the property.
EXECUTIVE SUMMARY
The property comprises a two-storey, mid-terrace building of brick construction with pitched, tiled roof. The property may offer potential for conversion of the upper parts to residential use and/or rear extension (STPP and possession). The ground floor is arranged as open-plan sales space, fitted to suit the Tenant’s current use as a pharmacy. The upper parts are accessible via both internal and external staircases and provide ancillary staff accommodation, including a kitchenette and WC. The property benefits from parking areas, which are accessible via a service road.
The entire premises are let to Boots UK Limited upon a Full Repairing and Insuring lease for a term of 10 years from 1st August 2016. The current rental is £26,000 (Twenty-Six Thousand Pounds) per annum exclusive. The lease is granted within the security provisions of The Landlord and Tenant Act 1954 (as amended).
The entire premises are let to Boots UK Limited upon a Full Repairing and Insuring lease for a term of 10 years from 1st August 2016. The current rental is £26,000 (Twenty-Six Thousand Pounds) per annum exclusive. The lease is granted within the security provisions of The Landlord and Tenant Act 1954 (as amended).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront
Building Size
1,142 SF
Building Class
C
Year Built
1925
Price
$699,506
Price Per SF
$612.53
Tenancy
Single
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.06 AC
Parking
2 Spaces (1.75 Spaces per 1,000 SF Leased)
Frontage
17’ on Queensway
AMENITIES
- Storage Space
- Smoke Detector
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NEARBY MAJOR RETAILERS
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77 Queensway
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