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£1,100,000 OIEO

45-47 High Street, Swanley, Kent BR8 Ref: 30747

A unique opportunity for commercial operators, investors and developers alike to acquire a well-known freehold site in Swanley. Offered to the market for the first time in 40 years the site includes c.7,238sqft of existing property, along with potential for re-development (stpp). In terms of location it is prominently positioned on the corner of Park Road & the High Street less than 1 mile from the M25 (J3).

The site includes a part 1/part 3 storey building to the front which includes a ground floor commercial unit measuring c.3,230sqft and two 3 bedroom flats in the uppers. The commercial unit has wide frontage and is connected to the two storey building positioned at the rear. This includes storage space across ground floor and benefits from a roller shutter door, with the first floor laid out as offices. There is also onsite parking for 4-5 vehicles and a pay and display car park opposite the site.

Freehold sites with retail, warehouse and office space all under one roof are rarely available to purchase, therefore the site would be well suited for continued commercial use for operators with these requirements. Additionally there is further income and asset management potential with the two 3 bedroom flats.

There also appears to be development potential either through conversion and extension, or a comprehensive re-development of the site (stpp). To the rear, Merdian House benefits from planning permission (Feb 2021) for a new build mixed-use block comprising 15 apartments, further plans have been submitted for 21 units (pending decision). Additionally a new build block of 17 apartments plus commercial has recently been built out on the former council office site (27-37 High Street).

The commercial buildings are in fair condition throughout, whilst the two 3 bedroom flats would benefit from light refurbishment and cosmetic works. Each flat is currently underlet at £825pcm (can be made vacant upon short notice.

The site will be sold with vacant possession and a delayed completion. Unconditional offers only.