Summary - 2-4, Ringers Road,BROMLEY,BR1 1HT BR1 1HT
1 bed 1 bath Shop
Large Bromley freehold with income and redevelopment potential, offered OIEO £2,000,000..
11,872 sqft commercial freehold in central Bromley (c.0.1ha plot)
A rare, large commercial freehold of 11,872 sqft in the heart of Bromley town centre, offered OIEO £2,000,000. The building runs between Ringers Road and Ethelbert Road with a deeper footprint and a rear service yard, providing flexible options for continued management or comprehensive redevelopment (STPP).
The property currently produces £100,000 per annum from two commercial lettings: a ground-/part-first-floor restaurant (£75,000 pa) and creative space on the upper floors (£25,000 pa). Both tenancies are outside the 1954 Landlord & Tenant Act and include six-month mutual break options (restaurant: effective after 28 Jan 2025; creative space: effective after 10 Jul 2025), giving near-term vacant-possession potential but also income instability.
For investors and developers this site offers clear value-add levers: hold and regear leases, refurbish the existing units, or pursue redevelopment/conversion subject to planning. The plot (c.0.1ha) and flat/low-pitched roof elements may support increased density, though any scheme will require local authority consent and detailed surveys.
Important considerations: tenure details are not specified and should be confirmed; the area records high local crime statistics; material due diligence is essential (EPCs, electrical, fire risk, title, and planning history are referenced). The central location, excellent transport links, and affluent catchment underpin long-term demand, but short-term operational risk exists because of the mutual break clauses.
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