Prime London mixed use investment opportunity, located in the heart of Bromley town centre
•Prime London mixed use investment opportunity, located in the heart of Bromley town centre •Freehold •Held in the same ownership for 16 years •Located within an established London commuter hub, with direct trains to Central London in 16 minutes •Key retail anchor tenants include Sports Direct, Poundland, Argos and Iceland •87,145 sq ft (8,096 sq m) of retail sales, ancillary and storage accommodation predominantly arranged over one trading level •Newly developed 59-bed budget hotel, let to Travelodge on a 25-year lease with 5 yearly RPI-linked rent reviews with a cap and collar at 2-4% at first review and 1-4% thereafter •9,728 sq ft (904 sq m) of grade “A” office space •241-space NCP car park, directly accessible from The Mall (sold off on a long lease expiring on 1st November 2069) •Site extends to 1.95 acres •12.7% rise in population predicted in the next 10 years •Retail spend of £3.6 billion within a 15-minute drive-time •Average weighted unexpired lease term of 11.68 and 11.22 years to expiry and break respectively •83.5% of the gross income is secured to national multiple retailers and the car park •The property currently produces a total gross passing rent of £1,900,048 per annum and a net passing rent of £1,825,549.
Prime Reversionary High Street Retail Investment
• Horsham is an attractive and affluent retailing centre in the South East of England • Situated on the prime pedestrianised retail pitch, in close proximity to Swan Walk Shopping Centre • Well configured retail unit • Let to the strong national covenant of Poundland Limited • Recently regeared offering excellent potential for rental growth • Potential to convert and extend the upper floors to provide residential accommodation (subject to vacant possession and the necessary planning consents) • Freehold
Prime High Street Reversionary Retail Opportunity
•Bath is considered to be one of the UK’s best retail destinations •Bath is a UNESCO World Heritage Site and an internationally renowned tourist destination attracting more than 4.8 million tourists in 2017 •100% prime pitch in the heart of Bath’s retailing centre •Mixed-use asset comprising retail and residential •A rare double-fronted unit, offering a wide and fully glazed display directly on to the pedestrianised Stall Street •Let to a strong national covenant with 3.5 years remaining •Total gross rent of £272,800 per annum, with a net rent of £231,880 per annum •Outstanding rent review currently being negotiated with the tenant •Reversionary asset, offering excellent opportunities for rental growth