Pizza Hut, Bromley, Greater London

Property Description

• Freehold Restaurant and Residential Ground Rent Investment.
• The property is arranged on ground and one upper floor to provide a ground floor delivery takeaway together with a self-contained flat on the first floor above, which has been sold off on a long lease.

Location Description

• Bromley, with a population of some 275,00, is a popular and affluent surburb of London.
• It is the commercial and administrative centre of the London Borough of Bromley, the largest of the boroughs.
• The town is located some 12 miles south-east of Central London at the junction of the A21 and A222.
• The property is situated on the south side of Homesdale Road (B265) at its junction with Great Elms Road, less than 1 mile south-west of Bromley
  town centre.
• Occupiers close by include Currys/PC World, Costcutter convenience store and a variety of local occupiers.

Additional Notes

• The property is Let to YUM! 111 (UK) Limited (a Pizza Hut Delivery franchisee), for 25 years from 23/05/1994 with rent reviews every 5th year.
• Current rent £16,050 pa, Reversion 2019.
• Rent guaranteed by Kentucky Fried Chicken.
• First Floor Flat sold off on 99 year lease from 24/06/2007, ground rent £200 pa, Reversion 2106.