Freehold Convenience Store and Residential Investment
Entirely let to One Stop Limited (owned by Tesco) t/a One Stop and Post Office
Includes self-contained 5 room flat (122 sq m/1,311 sq ft)
Includes service yard and parking at the rear
Prominent High Street location fronting town's main car park
Neighbouring occupiers include WH Smith, Ask Italian, Superdrug, Santander and Costa Coffee
Lot 43
Auction 24th October 2019
Rent £75,250 per Annum Exclusive
Status Sold Post
Price
Sector High Street Retail
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
9 miles south of Chelmsford
26 miles east of the City of London
Roads
B1007, A129, A12, A127
Rail
Billericay Railway Station
(30 minutes to London Liverpool Street)
Air
London City, London Stansted
Situation
Billericay is an affluent and attractive London commuter town. The property is prominently located on the west side of the busy High Street, in front of the town's main car park, 500 metres from Billericay Railway Station. Neighbouring occupiers include Iceland, Ask Italian, Superdrug, Santander and Costa Coffee.
Tenure
Freehold.
Location
Miles
9 miles south of Chelmsford
26 miles east of the City of London
Roads
B1007, A129, A12, A127
Rail
Billericay Railway Station
(30 minutes to London Liverpool Street)
Air
London City, London Stansted
Situation
Billericay is an affluent and attractive London commuter town. The property is prominently located on the west side of the busy High Street, in front of the town's main car park, 500 metres from Billericay Railway Station. Neighbouring occupiers include Iceland, Ask Italian, Superdrug, Santander and Costa Coffee.
Tenure
Freehold.
Description
The property comprises retail accommodation on the ground floor and a 5 room self-contained residential flat on the first floor. The property benefits from a service yard to the rear that is currently being used for parking by the tenant.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Description
The property comprises retail accommodation on the ground floor and a 5 room self-contained residential flat on the first floor. The property benefits from a service yard to the rear that is currently being used for parking by the tenant.
VAT
VAT is applicable to this lot.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review/(Reversion)
Ground First
Retail Residential 5 room flat
265.35 sq m 122 sq m
(2,856 sq ft) (1,311 sq ft) (2)
ONE STOP STORES LIMITED t/a One Stop and Post Office (1)
25 years from 12/01/1998 on a full repairing and insuring lease
£75,250
12/01/2018 (11/01/2023)
Totals
387.35 sq m
(4,167 sq ft)
£75,250
(1) The lease has been assigned from T & S Stores Limited (CRN 01228935) to the current tenant One Stop Stores Limited (Company number 02462858). One Stop Stores Limited is ultimately owned by Tesco Plc and for the year ending 24th February 2018, One Stop Stores Limited reported a turnover of £1,068,992,000, pre-tax profits of £20,141,000 and a total net worth of £129,356,000 (Source: Experian Group 11/09/2019). (2) The residential flat area shown above is the Gross Internal Area.
