97-99 High Street Bromley Kent BR1 1JQ

97-99 High Street
Bromley
Kent
BR1 1JQ

Freehold Retail Investment

  • Two shops on prime pedestrianised High Street
  • Located in affluent Greater London Borough
  • Let to Jessops Retail Limited and Feldman and Power Limited (t/a Gerrys at Home)
  • Future redevelopment
  • Lot
    43
  • Auction
    19th October 2017
  • Rent
    £155,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Cambridge College
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Retail Investment

  • Two shops on prime pedestrianised High Street
  • Located in affluent Greater London Borough
  • Let to Jessops Retail Limited and Feldman and Power Limited (t/a Gerrys at Home)
  • Future redevelopment
  • Lot 43
  • Auction 19th October 2017
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    High Street Retail
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of a Cambridge College

Property Information

Location
Miles
6 miles east of Croydon, 11 miles south-east of Central London
Roads
A21, A205 (South Circular Road), M25 (Junction 4)
Rail
Bromley South Rail, Bromley North Rail
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation

Bromley is a popular London suburb located just 11 miles south-east of Central London and 6 miles east of Croydon. The property is situated in a prime trading location on the pedestrianised High Street, between Marks & Spencer and H&M and the entrance to the Glades Shopping Centre. Nearby occupiers include Clarks, GAP, HMV, Tiger, Office, Russell & Bromley and Pret a Manger.

Tenure

Freehold.

Location
Miles
6 miles east of Croydon, 11 miles south-east of Central London
Roads
A21, A205 (South Circular Road), M25 (Junction 4)
Rail
Bromley South Rail, Bromley North Rail
Air
London City Airport, London Gatwick Airport, London Heathrow Airport
Situation

Bromley is a popular London suburb located just 11 miles south-east of Central London and 6 miles east of Croydon. The property is situated in a prime trading location on the pedestrianised High Street, between Marks & Spencer and H&M and the entrance to the Glades Shopping Centre. Nearby occupiers include Clarks, GAP, HMV, Tiger, Office, Russell & Bromley and Pret a Manger.

Tenure

Freehold.

Description

The property comprises two retail properties which provide sales accommodation on ground, with ancillary accommodation on basement, first, second and third floors.

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.

Description

The property comprises two retail properties which provide sales accommodation on ground, with ancillary accommodation on basement, first, second and third floors.

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.

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent/Licence
Fee p.a.x.
Reversion
97 Ground
Basement
First
Second
Third
Retail/Ancillary
Ancillary
Ancillary
Ancillary
Ancillary
105.60 sq m
71.50 sq m
80.35 sq m
62.82 sq m
33.84 sq m
(1,137 sq ft)
(770 sq ft)
(865 sq ft)
(676 sq ft)
(364 sq ft)
JESSOPS RETAIL
LIMITED (1)
5 years from
02/09/2013
£70,000 01/09/2018
99 Ground
Basement
First
Second
Third
Retail/Ancillary
Ancillary
Ancillary
Ancillary
Ancillary
113.71 sq m
113.31 sq m
54.74 sq m
55.70 sq m
41.06 sq m
(1,224 sq ft)
(1,220 sq ft)
(589 sq ft)
(600 sq ft)
(442 sq ft)
FELDMAN AND POWER
LIMITED
t/a Gerrys at Home (2)
10 years
from
20/09/2010
£82,500 19/09/2020
97 Basement Telecoms
Licence
-
-
CORNERSTONE
TELECOMMUNICATIONS
INFRASTRUCTURE
LIMITED (3)
5 years from
22/01/2016
(4)
£2,500 21/01/2021
Total  
732.63 sq m
(7,887 sq ft)
    £155,000  

(1) Jessops offers an extensive range of photography products including digital cameras, action & video cameras, lenses, camera accessories, drones, binoculars and telescopes from top brands including Sony, Nikon, Canon, Olympus, Fujifilm, Pentax, DJI and more. The company has 58 outlets nationwide in addition to an online business (Source: www.jessops.com 08/09/2017).
(2) Gerrys at Home is a family business that was founded in 1952 and has since grown to become a very successful soft furnishing shop in Bexleyheath, Croydon and Bromley (Source: www.gerrysathome.co.uk 08/09/2017). The lease is on assignment from Everest Ltd who remain liable via an Authorised Guarantee Agreement.
(3) Cornerstone Telecommunications Infrastructure Limited (CTIL) was founded in 2012 as a joint venture between Vodafone and Telefonica to manage the network sites for both companies (Source: www.ctil.co.uk 08/09/2017).
(4) The licence is terminable on 6 months’ notice.

Property Documents

  • Catalogue Page
    Updated Date
    27.09.17
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    27.09.17
    File Size
    5 MB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Associate Auctioneers
Bidwells LLP 25 Old Burlington Street
London
W1S 3AN
Darryl Stevenson 020 7297 6270darryl.stevenson@bidwells.co.uk
Seller's Solicitors
Mills & Reeve Botanic House, 100 Hills Road
Cambridge
Cambridgeshire
CB2 1PH
Vincenzo Maggio 01223 222 481vincenzo.maggio@mills-reeve.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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