Auction House London

Lot 42

Mixed Use - Commercial Property 

109-111 High Street

Orpington, Kent, BR6 0LG

Unsold. Contact the auctioneer.

A Freehold Mixed Use Building Arranged to Provide 2 x Ground Floor Commercial Units and a Four Bedroom Licensed HMO Flat (4 x Self-Contained Rooms with Kitchenette & En-Suite) Above Fully Let Producing a Combined Rent of Approximately £50,000 Per Annum. The Large site also has a Vacant Outbuilding to the Rear Offering Potential for Further Re-Development (Subject to Obtaining all Relevant Consents)

Description

Tenure

Freehold

Location

The property is situated on a mixed use parade amongst local shops and amenities. The open spaces of Priory Gardens are within easy reach. Transport links are provided by Orpington rail station.

Planning

Bromley Council refused the following planning permission (ref: 19/05297/FULL1) on 20/01/2020: For the demolition of the rear commercial unit and external staircase for the erection of a two storey side extension to existing building to provide a further 2 flats.

Note

The whole site may be suitable for other redevelopment schemes such as making amended plans to appeal the recently refused planning application or even demolition of the existing buildings with the erection for a block of self-contained flats to be in line with the adjacent building (Subject to Obtaining all Relevant Consents) Buyers should rely on their own enquiries.

Accommodation & Tenancy Schedule

Property Floor Accommodation Tenancy Details Current Annual Rent
111 High St Ground Shop Let on a 5 Year Lease from 2021 £10,500
113 High St Ground Shop Let on a 20 Year Lease from 2002 £10,000
111-113 High St First & Second 4 x Self-Contained Letting rooms with Kitchenette and En-Suite Individual Tenancies (refer to legal pack) £30,000 Combined
109a Ground (Rear) Outbuilding Vacant N/A

Additional Fees and Disclaimer

Administration charge: £1,200 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

Download Legal PackView Details as PDFEnquire NowFinance AvailableStamp Duty CalculatorRegister to Bid
Viewing Schedule (No Booking Required) Open House Viewings:

Tuesday 9th August10:30 - 11:00

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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