Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of M&G Real Estate
Property Information
Location
Miles
7 miles north-east of Croydon, 12 miles south-east of Central London
Roads
A21, A205 (South Circular Road), M25 (Junction 4)
Rail
Bromley South Station (Direct to London Victoria in approx. 20 minutes)
Air
London City, London Gatwick, London Heathrow
Situation
The property is prominently situated on the west side of the prime pedestrianised High Street some 50m from the main entrance of the major 133 unit Intu Shopping Centre with occupiers such as Debenhams, French Connection, H & M and Boots the Chemist. Other major occupiers include GAP, Pret A Manger and Russell & Bromley.
Tenure
Freehold.
Location
Miles
7 miles north-east of Croydon, 12 miles south-east of Central London
Roads
A21, A205 (South Circular Road), M25 (Junction 4)
Rail
Bromley South Station (Direct to London Victoria in approx. 20 minutes)
Air
London City, London Gatwick, London Heathrow
Situation
The property is prominently situated on the west side of the prime pedestrianised High Street some 50m from the main entrance of the major 133 unit Intu Shopping Centre with occupiers such as Debenhams, French Connection, H & M and Boots the Chemist. Other major occupiers include GAP, Pret A Manger and Russell & Bromley.
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation with retail and ancillary accommodation on the first floor. The property benefits from rear access from Churchill Way. The tenant also occupies the adjacent property and has created an access between the two properties.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises ground floor retail accommodation with retail and ancillary accommodation on the first floor. The property benefits from rear access from Churchill Way. The tenant also occupies the adjacent property and has created an access between the two properties.
Six Week Completion
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground First
Retail Retail/Ancillary
135.82 sq m 119.66 sq m
(1,462 sq ft) (1,288 sq ft)
HMV RETAIL LIMITED (1)
10 years from 26/03/2012 on a full repairing and insuring lease (2)
£89,000
26/03/2017 (25/03/2022)
Totals
255.48 sq m
(2,758 sq ft)
£89,000
(1) HMV is a leading specialist retailer of music, film, games and technology products, with over 120 stores in the UK (Source:www.hmv.com). (2) The lease provides for a tenant option to determine the lease on 25/03/2017 subject to 12 months prior written notice. The tenant will benefit from a 6 month rent free period in the event that the option to determine is not exercised.
