Freehold Retail Investment
Freehold Retail Investment
Bromley is a popular London suburb located just 11 miles south-east of Central London and 6 miles east of Croydon. The property is situated in a prime trading location on the pedestrianised High Street, between Marks & Spencer and H&M and the entrance to the Glades Shopping Centre. Nearby occupiers include Clarks, GAP, HMV, Tiger, Office, Russell & Bromley and Pret a Manger.
Freehold.
Bromley is a popular London suburb located just 11 miles south-east of Central London and 6 miles east of Croydon. The property is situated in a prime trading location on the pedestrianised High Street, between Marks & Spencer and H&M and the entrance to the Glades Shopping Centre. Nearby occupiers include Clarks, GAP, HMV, Tiger, Office, Russell & Bromley and Pret a Manger.
Freehold.
The property comprises two retail properties which provide sales accommodation on ground, with ancillary accommodation on basement, first, second and third floors.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises two retail properties which provide sales accommodation on ground, with ancillary accommodation on basement, first, second and third floors.
VAT is applicable to this lot.
Six Week Completion
The EPC will be available to view online in the solicitor’s legal pack.
| Unit | Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent/Licence Fee p.a.x. |
Reversion | |
|---|---|---|---|---|---|---|---|---|
| 97 | Ground Basement First Second Third |
Retail/Ancillary Ancillary Ancillary Ancillary Ancillary |
105.60 sq m 71.50 sq m 80.35 sq m 62.82 sq m 33.84 sq m |
(1,137 sq ft) (770 sq ft) (865 sq ft) (676 sq ft) (364 sq ft) |
JESSOPS RETAIL LIMITED (1) |
5 years from 02/09/2013 |
£70,000 | 01/09/2018 |
| 99 | Ground Basement First Second Third |
Retail/Ancillary Ancillary Ancillary Ancillary Ancillary |
113.71 sq m 113.31 sq m 54.74 sq m 55.70 sq m 41.06 sq m |
(1,224 sq ft) (1,220 sq ft) (589 sq ft) (600 sq ft) (442 sq ft) |
FELDMAN AND POWER LIMITED t/a Gerrys at Home (2) |
10 years from 20/09/2010 |
£82,500 | 19/09/2020 |
| 97 | Basement | Telecoms Licence |
- |
- |
CORNERSTONE TELECOMMUNICATIONS INFRASTRUCTURE LIMITED (3) |
5 years from 22/01/2016 (4) |
£2,500 | 21/01/2021 |
| Total | 732.63 sq m |
(7,887 sq ft) |
£155,000 | |||||
(1) Jessops offers an extensive range of photography products including digital cameras, action & video cameras, lenses, camera accessories, drones, binoculars and telescopes from top brands including Sony, Nikon, Canon, Olympus, Fujifilm, Pentax, DJI and more. The company has 58 outlets nationwide in addition to an online business (Source: www.jessops.com 08/09/2017).
(2) Gerrys at Home is a family business that was founded in 1952 and has since grown to become a very successful soft furnishing shop in Bexleyheath, Croydon and Bromley (Source: www.gerrysathome.co.uk 08/09/2017). The lease is on assignment from Everest Ltd who remain liable via an Authorised Guarantee Agreement.
(3) Cornerstone Telecommunications Infrastructure Limited (CTIL) was founded in 2012 as a joint venture between Vodafone and Telefonica to manage the network sites for both companies (Source: www.ctil.co.uk 08/09/2017).
(4) The licence is terminable on 6 months’ notice.
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