174-176 High Street Orpington Kent BR6 0JW

174-176 High Street
Orpington
Kent
BR6 0JW

Freehold Retail Investment

Entirely let to Robert Dyas Holdings Limited
Robert Dyas in occupation since c. 1988
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
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG
On behalf of CBRE Receivers

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Freehold Retail Investment

Entirely let to Robert Dyas Holdings Limited
Robert Dyas in occupation since c. 1988
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

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

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).