Sold

72-76 High Street, Bromley, Kent

London - M25

Dba321

High Street Retail/Shopping Centre
£2,650,000

Tenure: Freehold
Tenancy: Single Let

Investment summary

• Highly visible corner retail unit with upper parts.

• Prominent position along Bromley’s pedestrianised section of High Street, opposite one of the main entrances to The Glades Shopping Centre.

• Surrounded by numerous national multiple retailers including Boots, Gap, H&M, Pret A Manger and Russell & Bromley.

• Total accommodation of 4,900 sq ft with one car parking space.

• New 15 year lease to Metrobank Plc from 5 November 2010 providing a long unexpired term of just under 12.75 years.

• Current passing rent of £175,000 per annum reflecting £106 Zone A.

• ERV of £188,500 per annum, £115 Zone A.

• Freehold interest.

• Seeking offers in excess of £2.65 million reflecting an attractive Net Initial Yield of 6.24% and Reversionary Yield of 6.72%, assuming standard Purchaser’s costs of 5.80%.

Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF


Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.