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.
(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.