Investment,Other for sale in Laurel Bank House, 15-17 Bromley Common, Bromley, Kent
Laurel Bank House is a locally listed Victorian mansion, which has recently been converted to a mixture of luxury 2 and 3 bedroom apartments. Flat 2 is available to purchase on a 125 year long lease, which commenced in January 2021 with a ground rent of £350 per annum. The property is arranged as self-contained 3 bedroom flat and measures circa 1,400 sqft. The unit also benefits from its own private garden and 1 car parking space. It is in good condition throughout having recently been redecorated and had a new bathroom fitted. The flat is currently subject to a regulated tenancy agreement effective from 22nd January 2015. The passing rent is £9,660 per annum (or £805 pcm). The rent is reviewed every 2 years with a maximum increase of £50 per calendar month. The regulated tenant is a single man and is in his mid-80's in age. He has been in occupation since December 1970. The tenancy has no succession rights. Please note that the other 3 bedroom apartments within Laurel Bank House have recently sold for £550,000.