Unit 257, The Glades
Bromley, Kent, BR1 1DN
1,220 sq ft, (113 sq m)
Base rental offers are sought in the region of £120,000 per annum exclusive of service charge, insurance, rates and VAT, payable quarterly in advance.
The unit is available by way of a new 10 year lease subject to five yearly upward only rent reviews of 80% of market rent. The rent payable will be greater of the base rent or a percentage of gross turnover excluding VAT.
Unit 257 is situated on the Lower Mall adjacent to Holland & Barrett whilst in close proximity to M&S, The Perfume Shop and Carphone Warehouse.
The Glades Shopping Centre occupies 500,000 sq ft of retail and leisure space in the heart of Bromley. The Glades dominates the town centre retail and is easily accessible by car, bus and train providing Bromley's main 1,567 space car park.
The Glades has an annual footfall of 20 million, with 79% of Bromley residents being in the most affluent ACORN categories.
The Glades comprises 144 retail units over two covered trading malls anchored by M&S, Debenhams, Zara and Boots and provides an excellent tenant mix including the likes of New Look, H&M, River Island and Apple.
The unit provides the following approximate dimensions and net internal floor area:
- Internal Width237.11
- Areassq ftsq m
- Ground Floor NIA1,220113.34
- Total Size1,220113.34
- Rateable Value: £83,500
- Rates Payable: £41,166
We are verbally informed that the premises are assessed as above. We would recommend that interested parties make their own enquiries via the Local Rating Authority.
Each party is to be responsible for their own legal costs.
The estimated annual service charge is £15,545 to the year ending 31st Dec 19 based on the GIA.