111 High Street Bromley Greater London BR1 1JQ

111 High Street
Bromley
Greater London
BR1 1JQ

Prime Freehold Retail Investment

  • Entirely let to Woolwich Building Society (part of Barclays Banking Group)
  • Benefits from privity of contract
  • Prime pedestrianised High Street position outside the Glades Shopping Centre
  • Nearby occupiers include Marks & Spencer, H & M, Gap & Burger King
  • Approximately 224.73 sq m (2,419 sq ft) of well configured retail space
  • Popular Greater London Location
  • Lot
    12
  • Auction
    11th December 2014
  • Rent
    £138,850 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Prime Freehold Retail Investment

  • Entirely let to Woolwich Building Society (part of Barclays Banking Group)
  • Benefits from privity of contract
  • Prime pedestrianised High Street position outside the Glades Shopping Centre
  • Nearby occupiers include Marks & Spencer, H & M, Gap & Burger King
  • Approximately 224.73 sq m (2,419 sq ft) of well configured retail space
  • Popular Greater London Location
  • Lot 12
  • Auction 11th December 2014
  • Rent
  • Status Withdrawn Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Millennium Hotel
    44 Grosvenor Square
    London W1K 2HP

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 in a highly sought after trading position on the eastern side of the pedestrianised High Street between the entrance to Marks & Spencer and The Glades Shopping Centre. The Shopping Centre houses Debenhams, French Connection, H & M Boots the Chemist and numerous other national occupiers.

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 in a highly sought after trading position on the eastern side of the pedestrianised High Street between the entrance to Marks & Spencer and The Glades Shopping Centre. The Shopping Centre houses Debenhams, French Connection, H & M Boots the Chemist and numerous other national occupiers.

Tenure

Freehold.

Description

The property comprises a well configured ground floor retail unit with first floor
storage and ancillary accommodation.

Six Week Completion

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 a well configured ground floor retail unit with first floor
storage and ancillary accommodation.

Six Week Completion

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
Storage/Ancillary
163.42 sq m
61.31 sq m
(1,759 sq ft)
(660 sq ft)
WOOLWICH BUILDING SOCIETY (part of Barclays Banking Group) sublet to TIGER RETAIL LIMITED (1) (2) 25 years from 25/03/1993 on a full repairing and insuring lease £138,850 25/03/2013
(25/03/2018)
Totals  
224.73 sq m
(2,419 sq ft)
    £138,850

(1) In 2000 Barclays PLC paid £5.4 billion for The Woolwich. In 2006, Barclays announced that The Woolwich was to become the Barclays UK mortgage brand. (Source: www.barclays.com) For the year ending 31st December 2013, Barclays Bank Plc reported a pre-tax profit of £2,885,000,000 and a total net worth of £53,264,000,000. (Source: www.riskdisk.com 14/11/2014)
(2)Barclays Bank Plc have sublet the property to Tiger Retail Limited on a term until 21/09/2018. For the year ending 31st December 2013, Tiger Retail Limited
reported a turnover of £21,318,758, pre-tax profits of £2,477,303 and a net worth of £3,786,676. (Source: www.riskdisk.com 14/11/2014)

Property Documents

  • Site Plan
    Updated Date
    18.11.14
    File Size
    115 KB
    View PDF
  • Catalogue Page
    Updated Date
    18.11.14
    File Size
    1 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Hamlins LLP 287 Regents Street
London
W1B 2AD
Joseph Holder 0207 355 6112jholder@hamlins.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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