Compass House
Property Name: Compass House, 30-36 East Street, Bromley, Kent, BR1 1QU
Compass House comprises an attractive 17,705 GiA / 13,656 NIA freehold commercial building situated within the popular East Street parade in Bromley Town Centre. The property provides an opportunity to acquire a substantial mixed-use commercial investment with immediate income, future rental growth potential and longer-term redevelopment prospects. The building is arranged over basement, ground, first, second and third floors, providing a versatile mix of commercial accommodation suitable for investors, owner-occupiers and developers. The ground and basement floors comprise three commercial units, two of which are currently let on secure commercial leases to established occupiers, including a restaurant operator and solarium. The upper floors are arranged as office accommodation and are currently occupied under flexible licence arrangements, providing immediate rental income while retaining future vacant possession and redevelopment potential. The property currently generates £146,000 per annum against an estimated rental value of approximately £318,000 per annum, offering investors the opportunity to enhance income through active asset management. Furthermore, the upper floors provide significant potential for conversion or redevelopment, subject to obtaining the necessary planning consents.
Tenure: Freehold
Property Size: 15000-20000 sq ft
Specification: four-storey plus basement freehold commercial building
Agent Contact: Daniel Dennis / Tom Luck - commercial@acorngroup.co.uk