Asking Price
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price
NOI Net Operating Income N/A
Cap Rate N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Property Reference Number 100020454486
Building Area

Property Description

Two purpose-built retail warehouse units, with a combined GIA of 24,013 sq ft. The property benefits from 80 car parking space and is prominently situated on fronting Cray Avenue (A224).

Investment Highlights

Orpington is an affluent south-east London town in the London Borough of Bromley.

• Prominently situated fronting Cray Avenue (A224) with Nugent Shopping Park located opposite and Halo Business Park directly to the south.

• Large catchment population of c550,000 people within 20 minutes’ drive time from the property.

• Two purpose-built retail warehouse units with a combined GIA of 24,013 sq ft .

• Benefiting from 80 car parking spaces (1:300 sq ft).

• Fully let to TK Maxx and Nike with a WAULT of 6.60 years to expiry and 1.90 to break.

• 73% of the income is derived from TK Maxx who have an unexpired term of 7.20 years.

• Total passing rent of £689,270 per annum equating to an affordable average rent of £28.70 per sq ft.

• Attractive medium term redevelopment opportunity underpinned by competing uses, subject to planning consent.

• Open A1 (including-food) planning permission.

• Freehold.

Last Updated Date: 12 Jul 2021
Ben Gamble
Ben Gamble
Director - National Investment
Frankie Maddox
Frankie Maddox
Associate Director- Retail Investment

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Last Updated Date: 12 Jul 2021

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