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£600,000 OIEO

237-239 High Street, Bromley BR1 Ref: 27949

The property comprises a double-fronted commercial unit located on Bromley's High Street. The accommodation is arranged over basement and ground floors and totals circa 3,000 sqft, which is split as circa 2,100 sqft over the ground floor and circa 900 sqft in the basement. The space also benefits from restaurant (A3) use classification. The property is offered on a virtual freehold basis with approx. 995 years unexpired.

The unit is let to Mr Hemen Saeed who operates a supermarket from the premises. This Fully Repairing and Insuring (FRI) lease commenced in April 2019 for a 20 year term with no break options. The lease allows for open market upward only rent reviews every 5 years. The passing rent is £45,000 per annum which equates to approximately £15.00 per sqft. The tenant is a personal guarantor over the lease and has also paid a 6 month rental deposit (£22,500) which is held on account. The lease is within the 1954 Landlord and Tenant Act.

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