Cushman & Wakefield

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Contacts

  • James Merrett

    • T: 020 7152 5082 (Office)
    • T: 07825 007 721 (Mobile)
  • Emma Williams

    • T: 07917 423454 (Mobile)
    • T: 0207 152 5187 (Office)
    • T: 020 7152 5187 (Office)

Unit 501, The Glades

Bromley, Kent, BR1 1DN

501, The Glades, Bromley - Picture 2019-03-14-12-43-33

Size

529 sq ft, (49 sq m)

Lease Type

New Lease

Rent

£55,000 pa

Base rental offers are sought in the region of £55,000 per annum exclusive of service charge, insurance, rates and VAT, payable quarterly in advance.

Use Class

A1

Lease Term

The unit is available by way of a new 10 year lease subject to five yearly upward only rent reviews to 80% of the market rent. The rent payable will be the greater of the base rent or a percentage of gross turnover excluding VAT.

Description

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.

Location

The Glades Shopping Centre occupies 500,000 sq ft of retail and leisure space in the heart of Bromley. The Glades dominated the town centre retail and is easily accessible by car, bus and train providing Bromley's main 1,567 space car park.

Unit 501 is situated on the Lower Mall adjacent to Caffe Nero and high street facing. Retailers in close proximity to New Look, River Island and Apple.

Accommodation

  • Areassq ftsq m
  • Ground Floor52949.10
  • Total Size52949.10

Rates

  • Rateable Value: £50,500
  • Rates Payable: £24,240

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.

Service Charge

The estimated annual service charge is £3,198 to the year ending 31st Dec 19.