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.