Situated opposite the Walnuts Shopping Centre in a prominent retailing position
Nearby occupiers include Greggs, Specsavers, JD Wetherspoon and Starbucks
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 9
Auction 19th May 2016
Rent £45,700 per Annum Exclusive
Status Sold
Price £770,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On behalf of CBRE Receivers
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 within a parade of retail units on the western side of the High Street and adjacent to The Walnuts Shopping Centre. It lies equidistant between the two High Street entrances of the shopping centre. Nearby occupiers include KFC, Specsavers, JD Wetherspoon, Iceland, Peacocks, Starbucks, Lloyds Bank and Greggs.
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 within a parade of retail units on the western side of the High Street and adjacent to The Walnuts Shopping Centre. It lies equidistant between the two High Street entrances of the shopping centre. Nearby occupiers include KFC, Specsavers, JD Wetherspoon, Iceland, Peacocks, Starbucks, Lloyds Bank and Greggs.
Tenure
Freehold.
Description
The property, which forms part of a retail parade, provides retail accommodation at ground floor level and ancillary accommodation on the first floor.
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 applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property, which forms part of a retail parade, provides retail accommodation at ground floor level and ancillary accommodation on the first floor.
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 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
Reversion
Ground First
Retail/Ancillary Ancillary
357.71 sq m 202.14 sq m
(3,850 sq ft) (2,176 sq ft)
ROBERT DYAS HOLDINGS LIMITED (1)
5 years from and including 25/12/2012 on a full repairing and insuring lease
£45,700
24/12/2017
Totals
559.85 sq m
(6,026 sq ft)
£45,700
(1) For the year ending 28th March 2015, Robert Dyas Holdings Limited reported a turnover of £125,499,000, pre-tax profits of £1,616,000 and a total net worth of £14,208,000 (Source: Experian Group 20/04/2016).
Contacts
Seller's Solicitors
Walker Morris LLP Kings Court, 12 King Street Leeds LS1 2HL
