Unit 36, The Glades

Prime Unit To Let

The unit is situated in a prime position on the lower mall adjacent to Spudulike and The Works and in close proximity to Patisserie Valerie, Trespass, and Vodafone. A street traders plan is found on the reverse of the marketing particulars.

Located just 11 miles south east of Central London, Bromley is a popular London suburb and one of the most significant commercial and retail centres within the capital city. The town benefits from excellent transport and communication links – 15 minutes by train to London Victoria – making it a highly popular commuter hub. 
Bromley has a total catchment of 2.3 million people, which is forecast to see strong population growth. The most affluent ACORN categories, ‘Affluent Achievers’ & ‘Rising Prosperity’ account for 64% of the core catchment population, significantly out performing both UK & London averages and ranking the town 2ndin the top 20 London centres for wealth. 
The Glades dominates the town centre retail provision providing 500,000 sq ft of accommodation arranged over two trading floors and comprising over 120 shop units. The centre is anchored by Marks & Spencer and Debenhams, other key retailers include H&M, Zara, Apple, New Look and Boots. The strong tenant mix has recently improved with new lettings to Bobbi Brown, Molton Brown, MAC, Jo Malone, White Stuff, Sketchers and Timberland.
The Queen’s Garden Restaurant Terrace opened in Summer 2016 and provides an all day and evening offer with new operators including Wagamama, Byron, Giraffe adding to the already strong provision which includes Joe’s Kitchen, Yo! Sushi and Carluccio’s.

Lease Type

New Lease

Lease Term

A new turnover lease is available for a term of 10 years on an effectively full repairing and insuring basis incorporating 5 yearly upward only rent reviews.

Legal

Each party is to be responsible for their own legal costs incurred in this transaction.
Plant & Equipment – none of the systems or equipment in the property have been tested by us to check they are in working order. Purchasers / lessees may wish to make their own investigations.

Rent

Rental offers are sought on the basis of the rent being the higher of a base rent of £50,000 or an agreed percentage of gross turnover (net of VAT) to be agreed and exclusive of Service Charge, Merchandising Charge, Business Rates, Insurance etc.

Service Charge

2017 – £8,278 pa