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Our Summary
- A unique opportunity for investors and developers alike to acquire a well-known freehold site in Bromley
- Offered to the market for the first time in 22 years, the site includes 4570sqft of existing property, along with potential for re-development (stpp)
- There appears to be development potential either through HMO conversion and extension of the uppers, or a comprehensive re-development of the site (stpp)
- Opposite the property, 241 High Street, Bromley benefits from a lapsed planning permission (Feb 2021) for a new build block comprising 3 flats and was sold in 2024 for development
- The commercial buildings are in fair condition throughout, whilst the 4-bedroom flat would benefit from light refurbishment and cosmetic works
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Description
The property consists of three commercial units and a residential flat situated on High Street in Bromley. The site includes a commercial unit at 256 High Street, let to a nail bar at £17,250 per year, and a unit at 256a High Street, currently owner-operated as a fully licensed bar and nightclub, with a passing rent not specified. Another unit at 258 High Street is a restaurant let at £27,500 per year, with a 4-bedroom flat above on a wrapped lease until 2033.
The property occupies a prominent frontage with rear access via the commercial units and a car park.