MIXED-USE INVESTMENT WITH PLANNING PERMISSION FOR SALE

431 Croydon Road, Beckenham, Kent, BR3 3PP

INVESTMENT/DEVELOPMENT OPPORTUNITY

431 CROYDON ROAD, BECKENHAM, KENT, BR3 3PP

INVESTMENT/DEVELOPMENT OPPORTUNITY FOR SALE

PROPERTY TYPE – SIZE – SQ FT (SIZE SQ M)

Property Address

VIEWINGS – 020 8662 2700

SOCIAL Follow us on twitter @SHWProperty

SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316

INVESTMENT SUMMARY

▪ Retail and residential investment with planning permission

▪ Ground floor shop let to national charity, Mind, with two one-bedroom flats in upper parts with access from Faversham Road

▪ Total passing rent of £35,100 per annum

▪ Planning permission has been granted to enlarge the ground floor retail unit and provide an additional residential unit.

LOCATION

The property is located in Beckenham, which is within the London Borough of Bromley. The premises front Croydon Road and forms part of a parade of shops close to Beckenham High Street, which has a range of national and local occupiers.

Beckenham Junction Railway Station is located 0.5 miles north of the property, offering direct services to London Victoria, whilst Clock House Railway Station, which offers direct services to London Charing Cross, is approximately 0.4 miles west.

TENURE

The property is freehold held under title number K130627.

DESCRIPTION

The property comprises a ground floor shop with storage to the rear, currently let to the well-established charity, Mind. The upper parts comprise two 1-bedroom flats. The property benefits from planning permission, further details of which can be found overleaf and in the data room.

EPC

Ground floor shop

Flat 1

Flat 2

Demise Area

Terms Income per

annum Tenant

Ground Floor Shop

551 sq ft (NIA)

FRI lease expiring

13/09/2025

£11,000 Mind

Flat 1 452 sq ft (GIA)

AST £11,100 Private individual

Flat 2 515 sq ft (GIA)

AST £12,000 Private individual

Advertising Hoarding

4m x 3m Holding over

£1,000 The Local Billboard Company

Total income:

£35,100

431 CROYDON ROAD, BECKENHAM, KENT, BR3 3PP

INVESTMENT/DEVELOPMENT OPPORTUNITY FOR SALE

PROPERTY TYPE – SIZE – SQ FT (SIZE SQ M)

Property Address

VIEWINGS – 020 8662 2700

SOCIAL Follow us on twitter @SHWProperty

SHW prepares sales and letting particulars diligently and all reasonable steps are taken to ensure that they are correct. Neither a seller nor a landlord nor SHW will, however, be under any liability to any purchaser or tenant or prospective purchaser or tenant in respect of them. If a property is unoccupied, SHW may not have all the information required by a prospective purchaser or tenant in its possession, may not be able to obtain it and may not be able to verify all the information which it does hold. The mention of appliances and/or services or heating/cooling system or any other plant or fenestration systems in this description does not imply that they are in working order. Prospective purchasers should make their own investigations before finalising any agreement to purchase or lease. Note: Any maps or plans included in this document are obtained from Promap under our Ordnance Survey Business Use Copyright licence ES 100017692 or are Goad Digital Plans including mapping data licensed from Ordnance Survey Crown Copyright 2007 under licence number PU 100017316

PLANNING PERMISSION

Planning permission was granted by way of an appeal on 19 April 2021 for the demolition of existing outbuildings and construction of rear infill extension to create additional retail floor space and the provision of one additional residential unit (ref. 20/01114/FULL1). Full documentation can be found in the data room.

PRICE

Offers are invited for the freehold interest subject to the existing lease and AST’s. We are seeking offers in excess of £775,000.

VAT

No VAT chargeable.

ANTI-MONEY LAUNDERING

In order to discharge its legal obligations, including under applicable Anti-Money laundering regulations, SHW LLP will require certain information of the successful bidder. In submitting a bid, you agree to provide such information when Heads of Terms are agreed.

DATA ROOM

https://shwcrm.agencypilot.com/PropertyView/PropertyDataRoom/21232/Croydon-Road-Beckenham-Kent-BR3/

LEASE

The ground floor retail unit is let to the national charity Mind (The National Association for Mental Health) (company no. 424348) (registered charity no. 219830) on FRI terms. The lease expires on 13/09/2025.

COVENANT

Mind are a national charity with 165 branches across England and Wales with over 3,000 volunteers. The charity was established in 1946 as the National Association for Mental Health.

Year (ended 31 March) Total Income (£)

2020 58,279,000

2019 55,873,000

2018 47,900,000

VIEWINGS

George Harber

t: 07961 231 286 e: gharber@shw.co.uk

Richard Pyne

t: 07901 821 843 e: rpyne@shw.co.uk