236 High St

A rare opportunity to purchase a fully let freehold mixed-use building on Beckenham High Street.
At ground floor level there is a c.1,300sqft commercial unit let to a hairdressers with seven years unexpired. The passing rent is £23,628pa and the lease is contracted outside the Landlord & Tenant 1954 Act. The commercial unit is considered under-let and there will be opportunity for the Landlord to bring this in line with market level at the next scheduled rent review in 2025.
At first-floor level there is a c. 635sqft one-bedroom flat which is let on an AST at a passing rent of £1,350pcm /£16,200pa. The flat is self-contained and accessed via a staircase to the rear of the property, is in fair condition throughout and benefits from a spacious roof terrace. The flat offers potential to be re-configured to a two-bedroom flat that would result in a rental up-lift in due course.
There are 3 parking spaces to the rear of the property that are currently utilised by the commercial tenant.
Freeholds along this popular high street are not frequently offered to the market and with angles for active management and break-up potential, we expect this to appeal to investors and local property owners.