Imperial House, 21-25 North Street, Bromley, Kent

Property Details: • Type: Ask agent • Tenure: N/A • Floor Area: N/A

Key Features: • High quality office accommodation totalling c.25,670sqft over four storeys • Site area 0.33 acres with 32 on site car parking spaces • Can be sold fully let or part vacant • Lapsed permitted development approval from office to residential in 2015 (property now in article 4 zone) • Current total income including rent and service charge c.£971,263pa • Guide price £5,000,000 + VAT F/H

Location: • Nearest Station: Bromley North Station • Distance to Station: 0.1 miles

Agent Information: • Address: 9 St. Marks Road Bromley Kent BR2 9HG

Full Description: Imperial House provides c.25,670sqft of high-quality office accommodation over four floors, and benefits from a car park for approximately 32 vehicles. The office includes a staffed reception, lift and double glazing throughout. Additionally, there is air conditioning, suspended ceilings and perimeter & under floor trunking. There ap- pears to be potential to create further accommodation in the airspace (STPP).The property is multi-let and produces a combined rent and service charge of c.£971,263pa. The ground floor is currently arranged as small office suites let on short term licences to a range of individual tenants (business centre) with the rents being paid including service charge. The upper parts are currently arranged as four open plan offices let on leases with rent and then additional service charge paid. The service charge income from the property is c.£100,000pa.The vendor / landlord ran his business (OSTC Ltd) from part of the property occupying two offices totalling 7,750sqft these being the second floor right (2,122sqft) and all of the third floor (5,656sqft). There is a lease in place to OSTC until 12th October 2026. The land- lord sold the OSTC business recently. The new owners do not re- quire this space so it is currently vacant although the rent and service charge under the lease is being paid and will be paid until the lease expires in October 2026. The property can be sold with this lease in place or broken to allow the new owners to use the space.