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Imperial House 21-25 North St 25,670 SF 38% Leased Office Building Bromley BR1 1SD $9,268,150 CAD ($361.05 CAD/SF) 9.50% Cap Rate
Investment Highlights
- High quality office accommodation of c.25,670sqft over four floors
- 32 on site car parking spaces
- Airspace potential
- Only 54% occupied due to owners selling their business
- Site area 0.33 acres. Lapsed permitted development approval from office to residential in 2015 (property now in article 4 zone)
- Current gross total income including rent & service charge c.£506,265pa at only 54% occupancy
Executive Summary
The property is multi-let and produces a combined rent and service charge currently of c.£506,265pa however that on the basis of only 54% occupancy. With the remaining
space let and producing, the income (ERV) would increase to c.£968,434pa.
The ground floor is currently arranged as small office suites let with 114 work stations on short term licences to a range of individual tenants (business centre) with the rents
being paid including service charge. Occupancy changes regularly but at present 48 work stations are occupied and 66 work stations are vacant. The rent being paid per
work station averages out to £339pcm/£4,068pa.
The upper parts are currently arranged as four open plan offices let on leases with rent and then additional service charge paid. The vendors / landlords ran their business
(OSTC Ltd) from part of the second floor (2,090sqft) and all of the third floor (5,£24.sqft) so c.7,746sqft in total fitted out to a high standard. The vendors / landlords sold their
business towards the end of 2024 and the new OSTC business owners do not require the office space.
This gives potential buyers the option of letting this space to a new tenant(s) with the view of getting the occupancy back up to c.100% and income to c.£968,434pa and/or
take up occupation for their business (owner occupier). OSTC Ltd has / had a lease over part of the second floor and all of the third floor until October 2026. OSTC were paying a rent of £60,000pa (£28.70 per sqft) for part of the second floor and £141,399pa (£25 per sqft) for the third floor plus the service charge. It can be arranged that the leases continue and rent paid on part or all until the end of the term in October 2026. This would increase the gross income to £771,728pa.
As you can see there are various flexible arrangements that can be put in place to suit a buyers plans moving forward for the property.
Property Facts
Amenities
- Commuter Rail
- Convenience Store
- Signage
- Accent Lighting
- Air Conditioning
- Raised Floor System
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Positioned in the heart of Bromley Town Centre, Imperial House offers up to 7,179 sqft of high-quality office accommodation across three floors, available on flexible lease terms directly from the landlord. The building features large sash windows that flood the space with natural light, modern communal and kitchen areas, and high-spec W/C and shower facilities. Tenants benefit from air conditioning, CCTV, and secure on-site parking. With a proactive on-site management team and flexible configuration options, Imperial House is ideal for businesses seeking a central, well-serviced location with excellent transport links and immediate occupancy potential.
Positioned in the heart of Bromley Town Centre, Imperial House offers up to 7,179 sqft of high-quality office accommodation across three floors, available on flexible lease terms directly from the landlord. The building features large sash windows that flood the space with natural light, modern communal and kitchen areas, and high-spec W/C and shower facilities. Tenants benefit from air conditioning, CCTV, and secure on-site parking. With a proactive on-site management team and flexible configuration options, Imperial House is ideal for businesses seeking a central, well-serviced location with excellent transport links and immediate occupancy potential.
L'espace est disponible en tant qu'étage complet de 5 890 pieds carrés, ou peut être divisé en suites à partir d'environ 1 500 pieds carrés, configurées en plusieurs bureaux privés et salles de réunion, avec une grande zone de réception et une cuisine/espace détente.
Positioned in the heart of Bromley Town Centre, Imperial House offers up to 7,179 sqft of high-quality office accommodation across three floors, available on flexible lease terms directly from the landlord. The building features large sash windows that flood the space with natural light, modern communal and kitchen areas, and high-spec W/C and shower facilities. Tenants benefit from air conditioning, CCTV, and secure on-site parking. With a proactive on-site management team and flexible configuration options, Imperial House is ideal for businesses seeking a central, well-serviced location with excellent transport links and immediate occupancy potential.
| Space | Size | Space Use | Build-Out | Available |
| Ground | 1,366 SF | Office | Partial Build-Out | Now |
| 2nd Floor | 2,305 SF | Office | Partial Build-Out | Now |
| 3rd Floor | 1,500-5,890 SF | Office | Full Build-Out | Now |
| 3rd Floor | 3,508 SF | Office | Partial Build-Out | Now |
Ground
| Size |
| 1,366 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 2,305 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 1,500-5,890 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 3,508 SF |
| Space Use |
| Office |
| Build-Out |
| Partial Build-Out |
| Available |
| Now |
Ground
| Size | 1,366 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Positioned in the heart of Bromley Town Centre, Imperial House offers up to 7,179 sqft of high-quality office accommodation across three floors, available on flexible lease terms directly from the landlord. The building features large sash windows that flood the space with natural light, modern communal and kitchen areas, and high-spec W/C and shower facilities. Tenants benefit from air conditioning, CCTV, and secure on-site parking. With a proactive on-site management team and flexible configuration options, Imperial House is ideal for businesses seeking a central, well-serviced location with excellent transport links and immediate occupancy potential.
2nd Floor
| Size | 2,305 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Positioned in the heart of Bromley Town Centre, Imperial House offers up to 7,179 sqft of high-quality office accommodation across three floors, available on flexible lease terms directly from the landlord. The building features large sash windows that flood the space with natural light, modern communal and kitchen areas, and high-spec W/C and shower facilities. Tenants benefit from air conditioning, CCTV, and secure on-site parking. With a proactive on-site management team and flexible configuration options, Imperial House is ideal for businesses seeking a central, well-serviced location with excellent transport links and immediate occupancy potential.
3rd Floor
| Size | 1,500-5,890 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
L'espace est disponible en tant qu'étage complet de 5 890 pieds carrés, ou peut être divisé en suites à partir d'environ 1 500 pieds carrés, configurées en plusieurs bureaux privés et salles de réunion, avec une grande zone de réception et une cuisine/espace détente.
3rd Floor
| Size | 3,508 SF |
| Space Use | Office |
| Build-Out | Partial Build-Out |
| Available | Now |
Positioned in the heart of Bromley Town Centre, Imperial House offers up to 7,179 sqft of high-quality office accommodation across three floors, available on flexible lease terms directly from the landlord. The building features large sash windows that flood the space with natural light, modern communal and kitchen areas, and high-spec W/C and shower facilities. Tenants benefit from air conditioning, CCTV, and secure on-site parking. With a proactive on-site management team and flexible configuration options, Imperial House is ideal for businesses seeking a central, well-serviced location with excellent transport links and immediate occupancy potential.
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Imperial House | 21-25 North St
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