Pizza Hut, Bromley, Greater London

 

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

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Retail – other
  • Tenure: Freehold
  • Gross Rent: £16,250
  • Lease Term: 25 years from 23.05.1994
  • 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.
  • Let to Pizza Hut Delivery Franchise.
  • Shop Reversion 2019.

Location Description

  • Bromley, with a population of some 275,00, is a popular and affluent surburb of London.
  • 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 Homesdale Toad (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, Costcutters convenience store and a variety of local occupiers.

Additional Notes

  • The property is Let to YUM! 111 (UK) Limited, for 25 years from 23.05.1994, rent review 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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