122-126 High Street
Bromley BR1 1EZ
Description
The property comprises a store arranged in a L-shaped configuration on basement, ground, first and second floor levels, together with self contained office accomodation at third floor, accesssed via a separate off the high street. The store has an overall frontage to the high street of approximately 19 metres (62ft).
Price
£17,050,000
Tenancy
Let to BHS Ltd on a full repairing and insuring lease for 99 years from 25th December. Rent payable £1,033,000pa, 5 yearly reviews, the next due 25th December 2012.
Third floor offices let to selection services Ltd on an internal repairing lease. 10 years from 24th June 2005 passing rent of £167,000pa
Rent (pa)
£1,200,000
Net Initial Yield
6.65%
On Behalf Of
IRE UK 111 SCS
Vendor
Kelburne Properties Ltd
Individual Contacts
Nick Stewart
BA (Hons) MRICS
- T: 020 3130 4659
- M: 07717 653937
- nickstewart@mmxretail.co.uk
Scott Mitchell
BSc (Hons) MRICS
- T: 020 3130 4660
- M: 07967 552995
- scottmitchell@mmxretail.co.uk