Pizza Hut, Bromley, Greater London

 

22/22a Homesdale Road, Kent, BR2 9LD

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Restaurant
  • Tenure: Freehold
  • Gross Rent: £16,250
  • Lease Term: 25 years from May '94
  • VAT applicable?: Y

Property Description

  • Freehold Restaurant and Residential Ground Rent Investment.
  • The property is arranged on ground and one upper floor to provide a ground floor delivery takeaway together with a self-contained flat on the first floor above, which has been sold off on a long lease.

Location Description

  • Bromley, with a population of some 275,00, is a popular and affluent surburb of London.
  • It is the commercial and administrative centre of the London Borough of Bromley, the largest of the boroughs.
  • The town is located some 12 miles south-east of Central London at the junction of the A21 and A222.
  • The property is situated on the south side of Homesdale Road (B265) at its junction with Great Elms Road, less than 1 mile south-west of Bromley town centre.
  • Occupiers close by include Currys/PC World, Costcutter convenience store and a variety of local occupiers.

Additional Notes

  • The property is Let to YUM! 111 (UK) Limited (a Pizza Hut Delivery franchisee), for 25 years from 23/05/1994 with rent reviews every 5th year.
  • Current rent £16,050 pa, Reversion 2019.
  • Rent guaranteed by Kentucky Fried Chicken.
  • First Floor Flat sold off on 99 year lease from 24/06/2007, ground rent £200 pa, Reversion 2106.
 

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