208/212 High Street Orpington Kent BR6 0JN

208/212 High Street
Orpington
Kent
BR6 0JN

Freehold Retail Investment

Let to Poundworld Retail Limited on a 10 year lease until 2021
Prominent position on prime retailing thoroughfare
Directly opposite Walnuts Shopping Centre
Nearby occupiers include WH Smith, Lloyds Bank, Boots and Costa Coffee
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
13
Auction
26th March 2015
Rent
£150,000 per Annum Exclusive
Status
Sold
Price
£1,855,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On Behlalf of a Major Fund

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Freehold Retail Investment

Let to Poundworld Retail Limited on a 10 year lease until 2021
Prominent position on prime retailing thoroughfare
Directly opposite Walnuts Shopping Centre
Nearby occupiers include WH Smith, Lloyds Bank, Boots and Costa Coffee
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 13
Auction 26th March 2015
Rent £150,000 per Annum Exclusive
Status Sold
Price £1,855,000
Sector
High Street Retail
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

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

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)