12 - 16 Elmfield Road Bromley Greater London BR1 1LR

12 - 16 Elmfield Road
Bromley
Greater London
BR1 1LR

Virtual Freehold Retail Investment

Let on a recent 15 year lease until 2031 (No breaks)
50m from the main entrance to the Major 130+ unit Glades Shopping Centre
Nearby occupiers include Debenhams, Apple, H&M, River Island and Boots the Chemist
Producing £50,000 (Gross)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot
29
Auction
25th May 2017
Rent
£50,000 per Annum Exclusive
Status
Sold
Price
£627,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Virtual Freehold Retail Investment

Let on a recent 15 year lease until 2031 (No breaks)
50m from the main entrance to the Major 130+ unit Glades Shopping Centre
Nearby occupiers include Debenhams, Apple, H&M, River Island and Boots the Chemist
Producing £50,000 (Gross)
For the Seller's Legal Pack, please click the Property Documents tab below

Lot 29
Auction 25th May 2017
Rent £50,000 per Annum Exclusive
Status Sold
Price £627,000
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 situated on the south side of Elmfield Road, directly opposite the major 130+ unit Glades Shopping Centre and adjacent to the Mall Shopping Centre. The Glades Shopping Centre accommodates major occupiers including Marks & Spencer, Debenhams, H&M, River Island, Costa Coffee, Superdrug, Apple, French Connection, The Disney Store and Footlocker.

Tenure

Virtual Freehold. Held for a term of 999 years from completion at a fixed ground rent of £300 per annum.

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

Tenure

Virtual Freehold. Held for a term of 999 years from completion at a fixed ground rent of £300 per annum.

Description

The property comprises ground and first floor retail accommodation and forms part of a larger building.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

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