For Sale
Comprises a three storey mid-terrace building arranged to provide ground floor bookmakers and self contained maisonette on upper floors. There is a yard/parking area to the rear accessed via a shared service road. The ground floor is occupied by Coral Bookmakers and the premises are currently partitioned to provide front sales area, service counter with corridor leading to kitchen and WCs.
Orpington is a suburb within the London Borough of Bromley, approximately 15 miles south of central London. The town has good transport links and Orpington Railway Station is within 1.3 miles of the property, providing direct train services to London Charing Cross and Sevenoaks. The town is positioned on the A232 with links to the M25 (Junction 4) within a 5 minute drive. Carlton Parade is situated in a prominent location within an established parade at the northern end of Orpington High Street at the junction with Court Road & Cray Avenue. Surrounding occupiers include Co-op, QVS plus a number of independent/local operators.
800sq.ft (74sq.m)
The ground floor is let to Ladbrookes Betting and Gaming Limited for a term of 5 (Five) years expiring 31/0/2026 at a rental of £12,800 (Twelve Thousand Eight Hundred Pounds) per annum exclusive. The lease is granted within the provisions of the Landlord & Tenant Act (1954) as amended. The upper parts are sold upon a lease for 99 years from 1/9/2001 at a ground rent of £50 per annum rising in 2034 to £100 per annum and then again in 2067 to £150 per annum. Current Rental Income: £12,850 (Twelve Thousand Eight Hundred and Fifty Pounds) pax.
Subject to Contract. We invite offers in the region of £250,000 (Two Hundred and Fifty Thousand Pounds), subject to the leases in place. The property is not elected for VAT.
