Commercial property for sale in Flat 2 Laurel Bank House, 15-17 Bromley Common, Bromley, Kent BR2

Guide price £350,000 (£250/sq. ft)
Commercial property for sale 130 sq. m*
Interested in this property? Call +44 20 8115 7729 * or Request Details

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Property features

  • 3 bedroom flat with a private garden
  • Measures circa 1,400 sqft
  • New 125 year long lease for sale
  • Subject to a regulated tenancy
  • Tenant has no succession rights
  • Producing £9,660 per annum
  • Guide price: £350,000
  • Vacant market value: £550,000

Property description

Laurel Bank House is a locally listed Victorian mansion, which has recently been converted to a mixture of luxury 2 and 3 bedroom apartments. Flat 2 is available to purchase on a 125 year long lease, which commenced in January 2021 with a ground rent of £350 per annum. The property is arranged as self-contained 3 bedroom flat and measures circa 1,400 sqft. The unit also benefits from its own private garden and 1 car parking space. It is in good condition throughout having recently been redecorated and had a new bathroom fitted. The flat is currently subject to a regulated tenancy agreement effective from 22nd January 2015. The passing rent is £9,660 per annum (or £805 pcm). The rent is reviewed every 2 years with a maximum increase of £50 per calendar month. The regulated tenant is a single man and is in his mid-80's in age. He has been in occupation since December 1970. The tenancy has no succession rights. Please note that the other 3 bedroom apartments within Laurel Bank House have recently sold for £550,000.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Acorn - Bromley Commercial, BR2 on +44 20 8115 7729 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Acorn - Bromley Commercial, and do not constitute property particulars. Please contact Acorn - Bromley Commercial for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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