79-81 Queensway
Orpington BR5 1DQ
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Situated In Suburban Borough Of Bromley
- Ground Floor Retail And Upstairs Residential
- Across From Train Station
EXECUTIVE SUMMARY
The property comprises two terraced buildings arranged over ground and first floors, with retail on the ground floor and residential on the first floor.
The property provides the following approximate net internal floor areas (NIA):
79 Queensway (Grd): 1,037 sq ft 96.30 sq m
81 Queensway (Grd): 1,000 sq ft 92.89 sq m
81a Queensway (FF): 723 sq ft 67.18 sq m
Total: 2,760 sq ft 256.37 sq m
We have been instructed to seek offers in excess of £790,000 (Seven Hundred and Ninety Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7%, assuming standard purchaser costs.
The property provides the following approximate net internal floor areas (NIA):
79 Queensway (Grd): 1,037 sq ft 96.30 sq m
81 Queensway (Grd): 1,000 sq ft 92.89 sq m
81a Queensway (FF): 723 sq ft 67.18 sq m
Total: 2,760 sq ft 256.37 sq m
We have been instructed to seek offers in excess of £790,000 (Seven Hundred and Ninety Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level would reflect a net initial yield of 7%, assuming standard purchaser costs.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Storefront Retail/Residential
Building Size
1,842 SF
Building Class
B
Year Built
1930
Price
£790,000
Price Per SF
£428.88
Net Initial Yield
7%
NOI
£55,300
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Building FAR
0.32
Lot Size
0.13 AC
Parking
1 Space (0.54 Spaces per 1,000 SF Leased)
Frontage
37 ft on Queensway
AMENITIES
- 24 Hour Access
- Bus Route
- Storage Space
