High Street, Orpington, Kent, BR6

DESCRIPTION:

The existing property comprises a 2-storey mixed-use building comprising 2 x retail units at ground floor level extending to approximately 5,409ft².

The first floors consist of a 2 x bedroom residential flat and ancillary retail space extending to approximately 2,669ft².

Access to the existing flat is taken via a rear service yard / car park which can be accessed via Dryden Way.

LOCATION:

The property occupies a prominent position along the High Street, Orpington within the London Borough of Bromley.

The property benefits from excellent access to the M25 and the wider motorway network being located 3.8 miles to Junction 4 of the M25.

The property is located within walking distance of Orpington train station which provides frequent services into London Victoria in 42 minutes.

PLANNING & DEVELOPMENT POTENTIAL:

Planning permission was granted on 1st July 2024 (under reference:

23/03054/FULL1) for the demolition of the existing property and construction of a new 4-storey building with 2 x ground floor retail units extending to approximately 2,706ft² and 15 apartments above (10 x 1 bed, 1 x 2 bed and 4 x 3 bed) totalling 4,877ft².

All of the units are for private sale with no requirement for onsite affordable housing.

The planning approval is subject to a S106 agreement which obligates £14,122 to be paid by way of a Carbon Offset Contribution.

A CIL liability of approximately £101,000 will also applicable. Please note that this is an indexed estimate as of July 2024 and should not be relied upon, any prospective purchasers should undertake their own analysis.

TENURE:

The property will be sold Freehold with vacant possession upon completion.

VAT:

We understand the property is elected for VAT.

TERMS:

Offers invited in the region of £1,850,000 for the freehold interest.