Crescent House Orpington

Prime Mixed Use Investment For Sale

Crescent House occupies a prominent position within a well established retail parade on the southern side of Orpington near Green St Green.  Built in the 1950’s, the property provides a combination of ground floor retail units and self-contained residential accommodation above.  The ground floor double unit is occupied by the Co-Op with the single unit being occupied by Wishwash Launderette.  The flats are all sold off on long leaseholds. Full information provided in our marketing details.

Type
Retail
Tenure
Freehold. 1 Crescent Way is leased to Wishwash Limited. Exp 23 06 2031. £14,500 pax. Rent review at 24/06/26 which has yet to be instigated. 2 & 3 Crescent Way let to Co-Op. Term agreed 15 years wef completion of new lease. Tenant only breaks at 5th & 10th years of term. £50,000 pax.
Price
ORIO £1,100,000
Rates
1 Crescent Way RV £14,750. 2 & 3 Crescent Way RV £46,250
Size
Retail: 1 Crescent Way 485 sq ft / 45.08 sq m. 2 & 3 Crescent Way 2,100 sq ft / 196.05 sq m

Prime Mixed Use Investment For Sale

Crescent House occupies a prominent position within a well established retail parade on the southern side of Orpington near Green St Green.  Built in the 1950’s, the property provides a combination of ground floor retail units and self-contained residential accommodation above.  The ground floor double unit is occupied by the Co-Op with the single unit being occupied by Wishwash Launderette.  The flats are all sold off on long leaseholds. Full information provided in our marketing details.

Type
Retail
Tenure
Freehold. 1 Crescent Way is leased to Wishwash Limited. Exp 23 06 2031. £14,500 pax. Rent review at 24/06/26 which has yet to be instigated. 2 & 3 Crescent Way let to Co-Op. Term agreed 15 years wef completion of new lease. Tenant only breaks at 5th & 10th years of term. £50,000 pax.
Price
ORIO £1,100,000
Rates
1 Crescent Way RV £14,750. 2 & 3 Crescent Way RV £46,250
Size
Retail: 1 Crescent Way 485 sq ft / 45.08 sq m. 2 & 3 Crescent Way 2,100 sq ft / 196.05 sq m

Specification

  • Attractive freehold mixed-use investment in a strong commuter belt town
  • New lease to Co-Op agreed and legal negotiations proceeding
  • Total commercial rental income £64,500 per annum
  • Commercial leases expire 2031 and 2041
  • Businesses unaffected by sale
  • Offers sought in the region of £1.1M
  • EPC 1 Crescent Way D86
  • EPC 2 & 3 Crescent Way C51

Contact

FRICS
T01732 227902
M07889 361427
Emike.lewis@michaelrogers.co.uk

Further information

Specification

  • Attractive freehold mixed-use investment in a strong commuter belt town
  • New lease to Co-Op agreed and legal negotiations proceeding
  • Total commercial rental income £64,500 per annum
  • Commercial leases expire 2031 and 2041
  • Businesses unaffected by sale
  • Offers sought in the region of £1.1M
  • EPC 1 Crescent Way D86
  • EPC 2 & 3 Crescent Way C51

Contact

FRICS
T01732 227902
M07889 361427
Emike.lewis@michaelrogers.co.uk

Further
information

Mike Lewis

FRICS

Mike is a founding partner of Michael Rogers LLP and has a wide range of expertise in the commercial property market from office agency, general practice surveying and property management / administration. Mike is based in South Eastern M25 office where he specialises in office agency and general consultancy work with an extensive client list within that region. Mike is a former chairman of the Kent branch of the RICS. 

T 01732 227902
M 07889 361427
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