Predominantly let to a Starbucks Franchisee until 2024 (no breaks)
Situated to the front of The Walnuts Shopping Centre in a prominent retailing position
Benefits from a self-contained flat
Nearby occupiers include Poundland, JD Wetherspoon, WH Smith and Sainsbury’s
VAT free Investment
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 2
Auction 23rd March 2016
Rent £38,640 per Annum Exclusive
Status Sold
Price £690,000
Sector High Street Retail
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of Receivers CBRE
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 eastern side of High Street. The property benefits from its proximity to The Walnuts Shopping Centre, and nearby occupiers including Sainsbury’s, Boots the Chemist, Superdrug and WH Smith.
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 eastern side of High Street. The property benefits from its proximity to The Walnuts Shopping Centre, and nearby occupiers including Sainsbury’s, Boots the Chemist, Superdrug and WH Smith.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with ancillary accommodation and a self-contained flat at first floor level.
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 not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with ancillary accommodation and a self-contained flat at first floor level.
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 not 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/(Reversion)
Ground Part First
Retail/Ancillary Ancillary
201.41 sq m 67.45 sq m
(2,168 sq ft) (726 sq ft)
INDIVIDUAL (T/A Starbucks Coffee)
10 years from 14/11/2014
£30,000 rising to £32,000 in 14/11/2019
14/11/2019 (13/11/2024)
Part First
Residential – One bedroom flat
Not Measured
EASY LET HOUSING LTD
3 years from 02/05/2013
£8,640
(01/05/2016)
Totals
268.86 sq m
(2,894 sq ft)
£38,640
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
