TypeRetail Investments · Ground Rents

BR6 Crescent House, Crescent Way, Orpington

TenureFor sale

Crescent House, Crescent Way, Orpington, BR6 1/3

Specification

Building size
Building size 3,201 sqft
Property type
Property type Retail Investments · Ground Rents
Tenure
Tenure For sale

Description

Built in the 1950's the property provides a combination of ground floor retail units and self contained residential accommodation above, offering a secure and diversified income stream.

The ground floor double unit is occupied by the Co-Op with the single unit being occupied by Wishwash Launderette. The retail units also occupy most of the rear yard within their demise.

The first and second floors comprises of six residential flats which are accessed from the rear service road via an entry phone controlled rear staircase, leading to open air landings.

All the flats are sold off on long leaseholds with one flat at an annual ground rent of £100 and remaining flats at peppercorn ground rents.

Location

Crescent House occupies a prominent position within a well-established retail parade on the southern side of Orpington, near Green Street Green. The area offers a combination of local shops, cafes, takeaways and good quality residential properties. The parade benefits from strong visibility, consistent footfall and convenient access to local amenities. Orpington station provides fast and frequent services into Central London.

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