Freehold Investment Opportunity with Development Potential

Kent House Road, Beckenham BR3

£1,200,000

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Description

Opportunity to purchase income-producing freehold asset in Beckenham. The property consists of 5 flats and ground floor commercial space let to a barbershop until March 2023. The 5 flats in the building consist of 4 x 1 bedroom and 1 x 2 bedroom, all let on Assured Shorthold Tenancies producing a total £53,400. The commercial space produces £7,950 per annum making the combined income, the building produces a total of £61,350 per annum. This reflects a yield of 5.1%.

There is no history of planning on the site. It is considered that the site has significant potential to extend to the rear adding further residential units. It is advised that interested parties undertake their own research.

Location

208 Kent House Road, Beckenham BR3 1QR
The property is located 0.6 miles from New Beckenham Station which has a travel time of 20 minutes to London Bridge. Penge East is also located 0.6 miles away and has a travel time of 20 minutes to London Victoria. Local amenities include an off-license, newsagents and dry cleaners within 0.1 miles. Penge High Street also plays host to a number of local amenities and is located 0.7 miles away. Beckenham High Street is a 1.7 miles away and is home to a number of restaurants, bars and shops.

Accommodation

UNIT RENT (PCM) RENT (PA)
208 - Commercial £662.50 £7,950
208A - 1 Bed £905 £10,860
208B - 1 Bed £745 £8,940
208C - 1 Bed £900 £10,800
208D - 2 Bed £1,070 £12,840
208E - 1 Bed £830 £9,960
TOTAL £5,112.50 £61,350

Plans