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£3,000,000 OIEO

173-177 High Street, Bromley, Kent BR1 Ref: 33535

The Royal Bell is a substantial attractive Grade II Listed building occupying a prominent position in the heart of Bromley's leisure district. According to Historic England, there has been a hostelry on the subject site since 1666, with the current building replacing the original in 1898.

Arranged over 5 stories and extending to c.19,612 sqft in all, The Royal Bell currently comprises three vacant floors (c.15,113 sqft), with 11 self-contained letting rooms arranged over the top two floors. The basement is largely undeveloped, and the ground floor was most recently used as a bar with multiple food outlets.

There is a large beer garden (c.6,000 sqft) which traded successfully as a 400 capacity outdoor venue, and the first floor offers three function rooms of varying size.

Our clients have undertaken comprehensive external works to repair and restore the fabric of the building, and all internal works have been completed to current regulatory standards. Potential exists to operate a single large leisure venue, or self-contain various parts of the building for specific uses.

The development of the letting rooms was completed in 2021 and generates a gross income of c.£142,800 pa.