124, Oakfield Road

London Retail Showroom close to Penge West rail station

The property comprises a retail showroom of an ‘L’ shape configuration fronting Oakfield Road, immediately opposite to a Homebase store.

The property is arranged over two floors, with staff accommodation, offices and warehouse provided at first floor.

Penge is a commuter suburb located in the London Borough of Bromley, approximately 7.8 miles south east of the City of London.

The subject property occupies a prominent positon at the north end of Oakfield Road, close to its junction with the A234.

Penge West rail station is situated within walking distance to the north, with the areas primary retail thoroughfare located along High Street, approximately 0.4 miles to the east.

Lease Term

The property is held by way of a 15 year lease contracted within the security of tenure provisions of the Landlord & Tenant Act 1954, expiring 9th August 2025. The lease benefits from a tenant only break option effective 10th August 2020.

Rent

The passing rent of £27,000 per annum exclusive is subject an upwards only open market rent review effective 10th August 2020.

Offers are sought for an assignment of our client’s leasehold interest. A new lease may be available by negotiation.