Downham Tavern, Downham Way, Bromley, BR1 5HS | Property for sale | Savills
0.11 Ac(0.05 Ha)
Excess of £570,000

Downham TavernDownham Way, Bromley, BR1 5HS

  • Under offer

Key features

  • Freehold public house investment
  • Entire property let to two private individuals
  • Current rent of £39,770 per annum
  • Lease expires May 2034
  • The rent is subject to five yearly open market rent reviews
  • We are instructed to invite offers in excess of £570,000 (6.65 % NIY)
  • Business unaffected by sale
  • Virtual Tour: https://vt.ehouse.co.uk/5CZVQYwXexS

Freehold public house investment for sale.

About this property

  • Description
    The property comprises the ground, basement and first floor of a two storey detached building with brick elevations beneath a multi pitched roof.

    Tenure
    The property is held freehold (Title Number TGL125040).

    Tenancy
    The entire property is let to two private individuals on a 20 year lease from 16th May 2014 at a current rent of £39,770 per annum which is subject to five yearly open market rent reviews with the next review in May 2024. A rent deposit of £13,831 is held by the landlord.

    Planning
    The property is not listed nor is it situated within a conservation area.

    Data Room
    https://sites.savills.com/tavernportfolio/en/page_171176.php

    VAT
    It is envisaged that the property will be sold as a TOGC so the transaction should therefore be exempt from VAT on the basis that the purchasing entity is VAT registered.

    EPC
    B-35.

    Terms
    We are instructed to invite offers in excess of £570,000 (6.65% NIY) assuming the usual purchasers costs.

    Money Laundering
    Money Laundering Regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

    Viewings
    All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

    For further information and all viewing requests please contact the sole selling agents Savills.

Local information

  • Bromley is a large town in Greater London within the London Borough of Bromley 14.5 miles (23 kilometres) north west of Sevenoaks and 11.1 miles (18 kilometres) south east of Central London. Bromley is one of the premier shopping destinations in the south east of England, benefitting from a large retail area including the pedestrianised high street and the Glades shopping centre.
  • The Downham Tavern is situated fronting Downham Way to the north of Bromley town centre with immediate amenities including a Co-Op convenience store and a number of independent retailers and restaurants.

Energy performance

B (35)

Available space

Namesq ftsq m
Unit4,878.72453.25