Land for sale

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Land for sale

183-187 High Street, Bromley, Kent, BR1 1NN
£1,250,000

Our Summary

  • The site offers significant development potential
  • SUMMARYDevelopment OpportunityProminent main road locationFreeholdLow Capital ValueAsset management opportunities with high yielding reversionary potential

Description

The property consists of two three-story and one single-story mid-terraced Victorian buildings with a large yard area to the rear, located on Walters Yard. The ground floor of 187 High Street is currently let on a 10-year lease with a rent review in 2020 and another in 2025. The site offers significant development potential, with various feasibility studies suggesting options such as converting offices to residential or developing part of the large rear area. The property is freehold and presents opportunities for asset management and high yielding reversionary potential.
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