174-176 High Street Orpington Kent BR6 0JW

174-176 High Street
Orpington
Kent
BR6 0JW

Freehold Retail Investment

  • Entirely let to Robert Dyas Holdings Limited
  • Robert Dyas in occupation since c. 1988
  • Situated opposite the Walnuts Shopping Centre in a prominent retailing position
  • Nearby occupiers include Greggs, Specsavers, JD Wetherspoon and Starbucks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    9
  • Auction
    19th May 2016
  • Rent
    £45,700 per Annum Exclusive
  • Status
    Sold
  • Price
    £770,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of CBRE Receivers
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail Investment

  • Entirely let to Robert Dyas Holdings Limited
  • Robert Dyas in occupation since c. 1988
  • Situated opposite the Walnuts Shopping Centre in a prominent retailing position
  • Nearby occupiers include Greggs, Specsavers, JD Wetherspoon and Starbucks
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 9
  • Auction 19th May 2016
  • Rent
  • Status Sold
  • Price £770,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On behalf of CBRE Receivers

Property Information

Location
Miles
6 miles south-east of Bromley, 10 miles east of Croydon, 16 miles south-east of Central London
Roads
A224, A20, A21, M25 (Junction 4)
Rail
Orpington Railway Station (15 mins to London Bridge)
Air
London City Airport
Situation

The property is situated within a parade of retail units on the western side of the High Street and adjacent to The Walnuts Shopping Centre. It lies equidistant between the two High Street entrances of the shopping centre. Nearby occupiers include KFC, Specsavers, JD Wetherspoon, Iceland, Peacocks, Starbucks, Lloyds Bank and Greggs.

Tenure

Freehold.

Location
Miles
6 miles south-east of Bromley, 10 miles east of Croydon, 16 miles south-east of Central London
Roads
A224, A20, A21, M25 (Junction 4)
Rail
Orpington Railway Station (15 mins to London Bridge)
Air
London City Airport
Situation

The property is situated within a parade of retail units on the western side of the High Street and adjacent to The Walnuts Shopping Centre. It lies equidistant between the two High Street entrances of the shopping centre. Nearby occupiers include KFC, Specsavers, JD Wetherspoon, Iceland, Peacocks, Starbucks, Lloyds Bank and Greggs.

Tenure

Freehold.

Description

The property, which forms part of a retail parade, provides retail accommodation at ground floor level and ancillary accommodation on the first floor.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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, which forms part of a retail parade, provides retail accommodation at ground floor level and ancillary accommodation on the first floor.

Six Week Completion

Note
This property is being marketed for sale on behalf of Fixed Charge Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Fixed Charge Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Fixed Charge Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

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 Reversion
Ground
First
Retail/Ancillary
Ancillary
357.71 sq m
202.14 sq m
(3,850 sq ft)
(2,176 sq ft)
ROBERT DYAS
HOLDINGS
LIMITED (1)
5 years from and including
25/12/2012 on a full repairing
and insuring lease
£45,700 24/12/2017
Totals  
559.85 sq m
(6,026 sq ft)
    £45,700  

(1) For the year ending 28th March 2015, Robert Dyas Holdings Limited reported a turnover of £125,499,000, pre-tax profits of £1,616,000 and a total net worth of £14,208,000 (Source: Experian Group 20/04/2016).

Property Documents

  • Site Plan
    Updated Date
    30.10.19
    File Size
    395 KB
    View PDF
  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    786 KB
    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
Walker Morris LLP Kings Court, 12 King Street
Leeds
LS1 2HL
Ian Hartley 0113 283 4457ian.hartley@walkermorris.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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