276 - 280 High Street Orpington Kent BR6 0ND

276 - 280 High Street
Orpington
Kent
BR6 0ND

Freehold Retail Parade Investment

  • Comprises a parade of three retail units (with residential upper parts let on long leases)
  • Let to tenants trading as estate agents, café and tanning salon
  • Town centre location close to The Walnuts Shopping Centre, Sainsbury’s and Tesco Extra supermarkets
  • Commercial area totalling approximately 273.88 sq m (2,948 sq ft)
  • Popular commuter belt location
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    3
  • Auction
    7th July 2016
  • Rent
    £70,800 per Annum Exclusive
  • Status
    Sold
  • Price
    £800,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte
Important Update
  • Expand
  • Photos
  • Map

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

Freehold Retail Parade Investment

  • Comprises a parade of three retail units (with residential upper parts let on long leases)
  • Let to tenants trading as estate agents, café and tanning salon
  • Town centre location close to The Walnuts Shopping Centre, Sainsbury’s and Tesco Extra supermarkets
  • Commercial area totalling approximately 273.88 sq m (2,948 sq ft)
  • Popular commuter belt location
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 3
  • Auction 7th July 2016
  • Rent
  • Status Sold
  • Price £800,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Squafre
    London W1H 7BG
  • On behalf of Insolvency Practitioners Deloitte

Property Information

Location
Miles
6 miles south-east of Bromley
10 miles east of Croydon
16 miles south-east of Central London
Roads
A20, A21, A224, 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, between Knoll Rise and Homefield Rise. The property is close to The Walnuts Shopping Centre with nearby occupiers including Sainsbury's, Tesco Extra, McDonald's,
Superdrug and Barclays, NatWest and HSBC banks.

Tenure

Freehold.

Location
Miles
6 miles south-east of Bromley
10 miles east of Croydon
16 miles south-east of Central London
Roads
A20, A21, A224, 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, between Knoll Rise and Homefield Rise. The property is close to The Walnuts Shopping Centre with nearby occupiers including Sainsbury's, Tesco Extra, McDonald's,
Superdrug and Barclays, NatWest and HSBC banks.

Tenure

Freehold.

Description

The property comprises a parade of three ground floor retail units (forming part of a larger terrace) with self-contained residential accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

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 parade of three ground floor retail units (forming part of a larger terrace) with self-contained residential accommodation on the first and second floors.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Insolvency Practitioners and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Insolvency Practitioners are acting without personal liability.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review/(Reversion)
276 Ground Retail/Ancillary
107.06 sq m
(1,158 sq ft)
PREMIER
INTERNATIONAL
LEISURE LIMITED
(t/a Megsun Tanning)
10 years from 05/11/2014 (1) £24,000 04/11/2019
(04/11/2024)
278 Ground Retail/Ancillary
82.92 sq m
(893 sq ft)
INDIVIDUAL
(t/a Café)
20 years from 25/12/2011 £29,500 25/12/2016
& 5 yearly
(24/12/2031)
280 Ground Retail/Ancillary
83.36 sq m
(897 sq ft)
ACORN LIMITED (2)
(t/a Langford Russell
Estate Agents)
Approx 10 years from
21/10/2014 (3)
£17,000 29/09/2019
(28/11/2024)
276A First Residential
-
(-)
INDIVIDUALS 99 years from 01/01/2004 £100 (31/12/2102)
276B Second Residential
-
(-)
INDIVIDUAL 99 years from 01/01/2004 £100 (31/12/2102)
280A First &
Second
Residential
-
(-)
INDIVIDUAL 99 years from 01/01/2004 £100 (31/12/2102)
Total Commercial Floor Area    
273.88 sq m
(2,948 sq ft)
    £70,800

(1) The lease provides for a tenant option to determine on 4th November 2019.
(2) Acorn Limited are part of the Acorn Group, which now employ over 300 people and last year sold over £750 million worth of property.
The group incorporates a number of other brands including John Payne, Langford Russell, MAP Surveyors, Unique Properties UK and Start Financial Services. (Source: www.acorngroup.co.uk 06/06/2016)
(3) The lease provides for a tenant option to determine on 28th September 2019.
NB. The seller has served notices on the residential lessees under Section 5B of the Landlord and Tenant Act 1987.

Property Documents

  • Catalogue Page
    Updated Date
    30.10.19
    File Size
    605 KB
    View PDF
  • Site Plan
    Updated Date
    30.10.19
    File Size
    72 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
CMS Cameron McKenna Nabarro Oswang LLP 2nd Floor, The Blade, Abbey Square
Reading
RG1 3BE
Lia Machado 020 7071 7308lia.machado@olswang.com

Useful Links

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

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