Close proximity to Intu Shopping Centre which houses Marks & Spencer, Debenhams, H & M, River Island and Costa Coffee
Other nearby occupiers include Primark, Topshop/Topman, WHSmith and JD Sports
VAT-free investment
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 35
Auction 8th December 2016
Rent £95,000 per Annum Exclusive
Status Sold
Price £1,360,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
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 Railway Station
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation
The property is located in a prime position on the eastern side of the pedestrianised High Street, between the two main entrances to Intu Shopping Centre. Intu Shopping Centre houses occupiers including Marks & Spencer Debenhams, H & M, River Island, Costa Coffee, Superdrug, Apple, French Connection, The Disney Store and Footlocker. Other nearby occupiers include Primark, Topshop/Topman, WHSmith, JD Sports and Tiger.
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 Railway Station
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation
The property is located in a prime position on the eastern side of the pedestrianised High Street, between the two main entrances to Intu Shopping Centre. Intu Shopping Centre houses occupiers including Marks & Spencer Debenhams, H & M, River Island, Costa Coffee, Superdrug, Apple, French Connection, The Disney Store and Footlocker. Other nearby occupiers include Primark, Topshop/Topman, WHSmith, JD Sports and Tiger.
Tenure
Freehold.
Description
The property comprises a ground floor shop with ancillary accommodation at basement, first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor shop with ancillary accommodation at basement, first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
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.
Reversion
Ground Basement (Hatch Accessed) First Second
Retail/Ancillary Ancillary Ancillary Ancillary
193.33 sq m 5.95 sq m 38.46 sq m 43.66 sq m
(2,081 sq ft) (64 sq ft) (414 sq ft) (470 sq ft)
CEX LIMITED (1)
10 years from 25/06/2010 on a full repairing and insuring lease (2)
£95,000
24/06/2020
Totals
281.40 sq m
(3,029 sq ft)
£95,000
(1) CEX trade from about 350 stores in the UK. For the year ending 30th June 2015, C.E.X. Limited reported a turnover of £135,787,157, pre-tax profits of £833,137 and a total net worth of £142,390 (Sources: www.uk.webuy.com and Experian Group 04/11/2016). (2) The lease is subject to a Schedule of Condition.
