CONSENTED ASSET MANAGEMENT & DEVELOPMENT OPPORTUNITY
Summary
- Purpose-built office building extending 17,262 sq ft NIA (22,238 sq ft GIA) over four floors
- The site extends 0.45а and accommodates 39x car parking spaces
- Comprising 15 office suites, with seven units currently vacant
- Current rental income: £235,566 per annum with a WAULT of 2.35 years
- Planning consent granted for partial demolition, a fifth-storey addition, and a rear extension (1–4 storeys), replacing 6,652 sq ft of office space and seven residential units measuring 5,931 sq ft- 24/03524/FULL1
- Estimated rental value (ERV): £617,500 per annum, with full vacant possession achievable by 2028 following full refurbishment and extension
- Guide price: £4,250,000 (stc), which equates to a capital value of £183 psf on the proposed NIA and NSA
Accommodation
The accommodation comprises the following areas:
| Name | sq ft | sq m | Availability |
| Ground - Vacant | 1,143 | 106.19 | Available |
| Ground - Sarah Buckley Therapies | 1,363 | 126.63 | Available |
| 1st - Vacant | 1,492 | 138.61 | Available |
| 1st - BWA Architects Ltd | 1,462 | 135.82 | Available |
| 1st | 1,492 | 138.61 | Available |
| 2nd - Vacant | 674 | 62.62 | Available |
| 2nd - AB Mackenzie | 1,108 | 102.94 | Available |
| 2nd - Just Groop | 2,145 | 199.28 | Available |
| 2nd | 996 | 92.53 | Available |
| 3rd - 1st Avenue.co.uk | 1,180 | 109.63 | Available |
| 3rd - GDC Partnership | 1,425 | 132.39 | Available |
| 3rd | 1,433 | 133.13 | Available |
| 3rd - Vacant | 963 | 89.47 | Available |
| Total | 16,876 | 1,567.85 |
Location
Bromley is a suburb of London which sits approximately 13 miles south-east of Central London and 7 miles east of Croydon. Alliance House is prominently positioned in Bromley, a major commercial and retail centre within an affluent commuter belt. The town enjoys excellent
connectivity, situated on the A21 and within easy reach of Junctions 3 & 4 of the M25.
Bromley benefits from two railway stations, both within walking distance:
- Bromley South offers direct services to London Victoria in 17 minutes
- Shortlands Station provides access to Central London in 30 minutes
The property is located north of Bromley town centre, just a short walk from The Glades shopping centre, Bromley Magistrates' Court, and a variety of retail and leisure amenities.
Get directions from Google Maps
Mainline Stations
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Bromley North6 mins
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Shortlands8 mins
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Sundridge Park11 mins
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Bromley South14 mins
Underground Station
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Bromley North6 mins
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Shortlands8 mins
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Sundridge Park10 mins
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Bromley South14 mins
Further Information
Price Offers in the region of £4,250,000
Rates Payable Upon Enquiry
Description
Alliance House is a purpose-built office building extending 17,262 sq ft (NIA) and 22,238sqft (GIA) with 39 car parking spaces on a 0.45-acre site. The building comprises 15x self-contained office suites arranged over four floors, served by a passenger lift.
Eight units are currently occupied, generating a rental income of £235,566 per annum.
Vacant possession achievable by 2028 with a WAULT of 2.35 years.
Potential to reconfigure existing tenancies and undertake a full refurbishment to enhance rental value. Opportunity to create a modern office environment with upgraded amenities to increase occupancy and rents.
Partial demolition and a new-build extension, replacing 6,652 sq ft of office space. Seven new residential flats, comprising a mix of 1, 2, and 3-bedroom apartments. The scheme will provide 17,262 sq ft of office space and 5,931 sq ft of residential accommodation.
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