Summary - Bird In Hand,62 Gravel Road,BROMLEY,BR2 8PF BR2 8PF
1 bed 1 bath Commercial Property
Income‑producing Edwardian pub with indexed rent increases and short lease tail — investor opportunity.
- Freehold public house investment producing £82,800 pa
- 20‑year lease from Oct 2023, five‑year OM reviews
- Annual RPI increases (2% collar / 5% cap)
- Rent deposit of £20,339 held by landlord
- Prominent Edwardian corner building, c.3,420 sq ft
- No on‑site parking; on‑street only
- 20 years remaining on lease — lenders may refuse mortgages
- Medium flood risk; exterior needs traditional updating
A freehold public house investment in Bromley, let in its entirety to a private tenant on a 20‑year lease producing £82,800 pa. The lease includes five‑year open market reviews and annual RPI uplifts (2% collar / 5% cap), giving indexed income growth and a rent deposit held by the landlord.
The property occupies a prominent corner position with traditional Edwardian character, trading areas for c.55 covers plus additional side seating and a rear customer area. Accommodation includes open‑plan ground floor trading space, first‑floor residential accommodation (two bedrooms, study, kitchen, bathroom) and a basement cellar — total approx. 3,420 sq ft on a 0.168 acre site.
The asking price is offers in excess of £1,100,000 (circa 7.11% NIY) assuming typical purchaser costs. Sale envisaged as a TOGC (VAT likely exempt for VAT‑registered buyers). EPC rating C (74).
Important considerations: the lease has 20 years remaining from October 2023 — many mortgage lenders may be unwilling to lend on short‑lease commercial freeholds with occupational leases of this length. The property sits in a conservation area and the exterior shows signs of traditional updating required. There is no on‑site parking and the site has a medium flood risk.
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