Goddington Manor, Orpington, Kent BR6 9AT Freehold investment including 7 residential units for sale View more information...

An opportunity to acquire the freehold of a Grade II Listed Manor House built in 1893, which was recently converted to provide 16 flats. The property offered includes 6 self-contained apartments and an additional detached house adjacent to the site. With all 7 units currently occupied, the investment produces an income of £104,868pa from 5 AST agreements and 2 protected tenancies. Future possibilities for the property include the development of the plot currently occupied by the detached house (stpp) and refurbishment of the units currently subject to protected tenancies. Alternatively the property provides an ongoing investment and active management opportunity with potential to increase overall rental income and revenue from the management of the block. Meanwhile the break-up of the building and sale of the 7 individual units will likely return a healthy profit.

DESCRIPTION

• Freehold of Grade II Listed Manor House • Including six apartments and a detached

house• 10 further apartments sold on long leases• Break-up, investment and development

potential (STPP) • Currently generating £104,868pa • Guide price £3,000,000 F/H

E: commercial@acorn.ltd.uk

Goddington Manor, Orpington, Kent BR6 9AT Home TermsDescription Location View all of our instructions here... III III

W: acorncommercial.co.uk

120 Bermondsey Street, London SE1 3TXT: 020 7089 6555

1 Sherman Road, Bromley, Kent BR1 3JHT: 020 8315 5454

OS Map / Photos

Unit Lease Length Tenancy Type Rent (pa) Description Sqm Sqft Value (£) £psqft

1 200 - 200 N/A 114.9 1,237.8 - -

2 200 - 200 N/A 66.9 721.18 - -

3 200 - 200 N/A 41.9 452.05 - -

4 200 - 200 N/A 117 1,259.4 - -

5 Freehold AST 4,800 1 bed flat 43 452.85 250,000 553

6 200 - 200 N/A 71 764.24 - -

7 200 - 200 N/A 87.9 947.22 - -

8 Freehold Protected 7,920 2 bed flat 126.8 1,367 475,000 348

9 200 - 200 N/A 123.9 1,334.7 - -

10 Freehold AST 19,800 2 bed flat 121.2 1,305 625,000 479

11 Freehold AST 19,800 2 bed 2 bath flat 138.9 1,495 650,000 435

12 Freehold AST 27,600 2 bed flat 148.4 1,597 750,000 470

13 200 - 200 N/A 71.9 775 - -

14 TBC - 200 N/A 43.6 469.31 - -

15 200 - 200 N/A 76 818.06 - -

16 Freehold AST 15,000 2 bed 2 bath flat 76 818 400,000 488

301 Court Road Freehold Protected 8,148 2 bed house 106.5 1,146 450,000 393

Freehold 100,000 -

Total £104,868 - 1,575.8 16,959.81 £3,700,000 Av. 452

ACCOMMODATION SCHEDULE

III IIIView all of our instructions here...Goddington Manor, Orpington, Kent BR6 9AT Home TermsDescription LocationOS Map / Photos

OS MAP

A selection of images from several of the subject properties.

120 Bermondsey Street, London SE1 3TXT: 020 7089 6555

1 Sherman Road, Bromley, Kent BR1 3JHT: 020 8315 5454

III III

E: commercial@acorn.ltd.uk

W: acorncommercial.co.uk

View all of our instructions here...Goddington Manor, Orpington, Kent BR6 9AT

Goddington Manor is situated on the Eastern side of the A224 Court Road, just South of the junction with Spur Road and is 2.2 miles from the M25. Orpington Station is 1 mile from the property and provides a frequent fast service into London Charing Cross and regular service into London Victoria. Both Orpington and Princess Royal University Hospitals are close by.

LOCATION

Whilst four of the 7 units are considered to be let at current market rent, the two subject to secure tenancies currently generate a significantly lower income, which could be increased n the region of £23,000pa. Based on values provided by two local residential estate agents we believe the market value of the 7 units and freehold to be in the region of £4,200,000, subject to vacant possession.

ERV & BREAK-UP

A guide price of £3,000,000 for the freehold interest, subject to the existing leases. A deadline for offers may be set, and therefore interested parties are advised to contact our offices for clarification.

TERMS

We understand that VAT is not applicable in this transaction. VAT

For more information contact:Adam Hosking on 020 8315 5454

This [brochure and its content] is copyright of Acorn Limited © 2016. All rights reserved. Any redistribution or reproduction of part or all of the contents in any form is prohibited. You may not, except with our express written permission, distribute or commercially exploit the content, nor may you transmit it or store it in any form.

Acorn as our vendor’s agents have endeavoured to check the accuracy of these sales particulars, but however can offer no guarantee, we therefore must advise that any prospective purchaser employ their own experts to verify the statements contained herein. All measurements are approximate and should not be relied upon. No equipment, utilities, circuits or fittings have been tested.

Meet the rest of the team...

All viewings are strictly by prior appointment with Acorn’s Commercial & Development Division on 020 8315 5454.

VIEWINGS

The following is available upon request: - Internal floorplans of the 7 residential units- Gas safety certificates for flats 5, 10, 11, 12 and 16 - Energy performance certificates for flats 5, 10, 11, 12 and 16 - AST’s for flats 5, 10, 11, 12 and 16- Tenancy agreements for flat 8 Goddington Manor & 301 Court Road - Title plan

FURTHER INFORMATION

Home TermsDescription LocationOS Map / Photos