Property unavailable
This property advert is no longer active. It is possible that the same property has been re-advertised under a separate listing, click below to view any replacement or similar listings.
Please note we do not have names or contact details of anyone currently occupying this building
we are also unable to provide details of the agents that posted the original advert with us.
If you are the owner of the building and would like to re-post this advert please email renewals@novaloca.com
If you would like to know if this, or any similar property comes back or on to the market
please click here to get updates by email.
The Mall, , Bromley, BR1 1TS
87,145 Sq Ft / Retail
Withdrawn - Last updated: 01 November 2022
Summary
Prime London mixed use investment opportunity, located in the heart of Bromley town centre
Investment Summary
Prime London mixed use investment opportunity, located in the heart of Bromley town centreFreeholdHeld in the same ownership for 16 yearsLocated within an established London commuter hub, with direct trains to Central London in 16 minutesKey retail anchor tenants include Sports Direct, Poundland, Argos and Iceland87,145 sq ft (8,096 sq m) of retail sales, ancillary and storage accommodation predominantly arranged over one trading levelNewly 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% thereafter9,728 sq ft (904 sq m) of grade A office space241-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 acres12.7% rise in population predicted in the next 10 yearsRetail spend of 3.6 billion within a 15-minute drive-timeAverage weighted unexpired lease term of 11.68 and 11.22 years to expiry and break respectively83.5% of the gross income is secured to national multiple retailers and the car parkThe property currently produces a total gross passing rent of 1,900,048 per annum and a net passing rent of 1,825,549.
Email me updates about similar new properties
Show similar properties