119 High Street Bromley Greater London BR1 1JQ

  • 119 High Street<br>Bromley<br>Greater London<br>BR1 1JQ

119 High Street
Bromley
Greater London
BR1 1JQ

Freehold Retail Investment

  • Let to CEX Limited
  • Prime pedestrianised High Street position
  • Close proximity to Intu Shopping Centre which houses Marks & Spencer, Debenhams, H & M, River Island and Costa Coffee
  • Other nearby occupiers include Primark, Topshop/Topman, WHSmith and JD Sports
  • VAT-free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot
    35
  • Auction
    8th December 2016
  • Rent
    £95,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £1,360,000
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Freehold Retail Investment

  • Let to CEX Limited
  • Prime pedestrianised High Street position
  • Close proximity to Intu Shopping Centre which houses Marks & Spencer, Debenhams, H & M, River Island and Costa Coffee
  • Other nearby occupiers include Primark, Topshop/Topman, WHSmith and JD Sports
  • VAT-free investment
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • Lot 35
  • Auction 8th December 2016
  • Rent £95,000 per Annum Exclusive
  • Status Sold
  • Price £1,360,000
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
7 miles north-east of Croydon, 12 miles south-east of Central London
Roads
A21, A205 (South Circular Road), M25 (Junction 4)
Rail
Bromley South Railway Station
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation

The property is located in a prime position on the eastern side of the pedestrianised High Street, between the two main entrances to Intu Shopping Centre. Intu Shopping Centre houses occupiers including Marks & Spencer Debenhams, H & M, River Island, Costa Coffee, Superdrug, Apple, French Connection, The Disney Store and Footlocker. Other nearby occupiers include Primark, Topshop/Topman, WHSmith, JD Sports and Tiger.

Tenure

Freehold.

Location
Miles
7 miles north-east of Croydon, 12 miles south-east of Central London
Roads
A21, A205 (South Circular Road), M25 (Junction 4)
Rail
Bromley South Railway Station
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation

The property is located in a prime position on the eastern side of the pedestrianised High Street, between the two main entrances to Intu Shopping Centre. Intu Shopping Centre houses occupiers including Marks & Spencer Debenhams, H & M, River Island, Costa Coffee, Superdrug, Apple, French Connection, The Disney Store and Footlocker. Other nearby occupiers include Primark, Topshop/Topman, WHSmith, JD Sports and Tiger.

Tenure

Freehold.

Description

The property comprises a ground floor shop with ancillary accommodation at basement, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground floor shop with ancillary accommodation at basement, first and second floors.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

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
Basement (Hatch Accessed)
First
Second		 Retail/Ancillary
Ancillary
Ancillary
Ancillary
193.33 sq m
5.95 sq m
38.46 sq m
43.66 sq m
(2,081 sq ft)
(64 sq ft)
(414 sq ft)
(470 sq ft)
 CEX LIMITED (1) 10 years from 25/06/2010 on
a full repairing and insuring lease (2)		 £95,000 24/06/2020
Totals  
281.40 sq m
(3,029 sq ft)
     £95,000  

(1) CEX trade from about 350 stores in the UK. For the year ending 30th June 2015, C.E.X. Limited reported a turnover of £135,787,157, pre-tax profits of £833,137 and a total net worth of £142,390 (Sources: www.uk.webuy.com and Experian Group 04/11/2016).
(2) The lease is subject to a Schedule of Condition.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Harper Dennis Hobbs Langham House, 302 - 308 Regent Street
London
W1B 3AT
Jamie Strachan 0207 462 9116jamiestrachan@hdh.co.uk
Seller's Solicitors
Edwin Coe LLP 2 Stone Buildings, Lincolns Inn
London
WC2A 3TH
Susan Johnson 0207 691 4085susan.johnson@edwincoe.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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