Auction Venue Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behlalf of a Major Fund
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 in a prominent position on the western side of the High Street, Orpington’s prime retailing thoroughfare. The property is located opposite an entrance to the Walnuts Shopping Centre which houses occupiers such as New Look, Greggs and Wilko. Other nearby occupiers include WH Smith, Lloyds Bank, Boots, Specsavers and Costa Coffee.
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 in a prominent position on the western side of the High Street, Orpington’s prime retailing thoroughfare. The property is located opposite an entrance to the Walnuts Shopping Centre which houses occupiers such as New Look, Greggs and Wilko. Other nearby occupiers include WH Smith, Lloyds Bank, Boots, Specsavers and Costa Coffee.
Tenure
Freehold.
Description
The property comprises a large ground floor retail unit with ancillary accommodation on the first and second floors. In addition the property benefits from a rear yard which can be accessed via Roberts Mews.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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 large ground floor retail unit with ancillary accommodation on the first and second floors. In addition the property benefits from a rear yard which can be accessed via Roberts Mews.
Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.
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
Ground First Second
Retail Ancillary Ancillary
703.83 sq m 704.66 sq m 208.29 sq m
(7,576 sq ft) (7,585 sq ft) (2,242 sq ft)
POUNDWORLD RETAIL LIMITED (1) (t/a Bargain Buys)
10 years from 15/08/2011 until 14/08/2021 on a full repairing and insuring lease
£150,000
15/08/2016
Totals
1,616.78 sq m
(17,403 sq ft)
£150,000
For the year ending 31/03/2014, Poundworld Retail Limited reported a turnover of £345,259,000, pre-tax profits of £5,002,000 and a total net worth of £11,498,000. (Source: www.riskdisk.com 27/02/2015)
