The Co-operative Food 6 Hannah More Road Nailsea Bristol BS48 4RZ

The Co-operative Food
6 Hannah More Road
Nailsea
Bristol
BS48 4RZ

Freehold Convenience Store Investment

Established convenience store in a densely populated residential area
Retail and storage accommodation of 365.11 sq m (3,930 sq ft)
Predominantly let to The Southern Co-Operative Limited until 2029 t/a The Co-operative Food
5 yearly RPI linked rent reviews
Prominent corner position with the use of 23 on site car parking spaces

Lot
15
Auction
16th June 2021
Rent
£59,667 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold Convenience Store Investment

Established convenience store in a densely populated residential area
Retail and storage accommodation of 365.11 sq m (3,930 sq ft)
Predominantly let to The Southern Co-Operative Limited until 2029 t/a The Co-operative Food
5 yearly RPI linked rent reviews
Prominent corner position with the use of 23 on site car parking spaces

Lot 15
Auction 16th June 2021
Rent £59,667 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Supermarket/Convenience
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 8 miles south-west of Bristol; 11 miles north-east of Weston-Super-Mare
Roads: A38, A370, M5
Rail: Nailsea & Backwell Station
Air: Bristol Airport

Situation

Whilst the property is located in a densely populated residential area on a prominent corner at the junction of Queens Road and Hannah More Road, it also benefits from being at the entrance to the busy West End Trading Estate, approximately 1 mile west of Nailsea Town Centre.

Tenure

Freehold.

Location

Miles: 8 miles south-west of Bristol; 11 miles north-east of Weston-Super-Mare
Roads: A38, A370, M5
Rail: Nailsea & Backwell Station
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor convenience store (t/a The Co-operative Store) and a self contained retail unit (t/a Pets Corner) which has been sold off on a long lease. The property benefits from the use of 23 on site car parking spaces.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

Unit	Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
1	Ground	Convenience Store	365.09 sq m	(3,930 sq ft)	THE SOUTHERN CO-OPERATIVE LIMITED (1) t/a The Co-operative Food	15 years from 29/01/2014 until 28/01/2029	£59,667	5 yearly RPI linked rent reviews (Capped at 4% pa Collared at 1% pa)
2	Ground	Retail		-	CRONIN PAGE t/a Pets Corner	999 years from 05/11/2010	Peppercorn
Total			365.09 sq m	(3,930 sq ft)			£59,667

(1) The Southern Co-operative Group operates over 200 stores. For the year ending 31st January 2021, The Southern Co-operative Limited reported a turnover of £490,281,000, gross profit £145,647,000 and net assets including pension surplus of £126,612,000 (Source: www.thesouthernco-operative.co.uk 14/05/2021).

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.