Tesco Express, 1-3 Purbeck Parade High Street, Lytchett Matravers Nr Poole Dorset BH16 6BQ

Tesco Express, 1-3 Purbeck Parade
High Street, Lytchett Matravers
Nr Poole
Dorset
BH16 6BQ

Convenience Store Investment

Let to Tesco Stores Limited on a renewed lease until June 2032 (Subject to option)
With Post Office Counter On Site
Triple Unit Convenience Store and 3x Residential flats
Situated in an Attractive and Affluent town close to Poole Harbour

Lot
2
Auction
15th December 2022
Rent
£30,450 per Annum Exclusive
Status
Sold
Price
£457,500
Auction Venue
Live Streamed Auction

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Convenience Store Investment

Let to Tesco Stores Limited on a renewed lease until June 2032 (Subject to option)
With Post Office Counter On Site
Triple Unit Convenience Store and 3x Residential flats
Situated in an Attractive and Affluent town close to Poole Harbour

Lot 2
Auction 15th December 2022
Rent £30,450 per Annum Exclusive
Status Sold
Price £457,500
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 5 Miles North-West of Poole Harbour, 8 Miles West of Bournemouth
Roads: A35,A350. A3049
Rail: Hamworthy Train Station, Poole Railway Station
Air: Southampton International Airport, Bournemouth Airport

Situation

Lytchett Matravers is a popular and attractive town situated some 5 Miles North West of the Affluent Poole Harbour. Purbeck Parade is situated on the North Side of High Street close to its junction with Anncott close .

Tenure

Freehold.

Location

Miles: 5 Miles North-West of Poole Harbour, 8 Miles West of Bournemouth
Roads: A35,A350. A3049
Rail: Hamworthy Train Station, Poole Railway Station
Air: Southampton International Airport, Bournemouth Airport

Situation

Tenure

Freehold.

Description

The property comprises a Convenience store with a Post Office counter on the Ground floor and 3x residential flats on the First floor as well as 3 single car garages accessed from Anncott Close.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a Convenience store with a Post Office counter on the Ground floor and 3x residential flats on the First floor as well as 3 single car garages accessed from Anncott Close.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx sq m)	Floor Areas (Approx sq ft)	Tenant	Term	Rent p.a.x.	Rent Review
Ground	Convenience Store	246.60	(2654)	TESCO STORES LIMITED (CRN 00519500) (1)	A term of years from November 2022 until 23 June 2032. (2)	£30,000	November 2027
First	3x Residential flats	Not Measured	Not Measured	Individuals	Each let for a term of 125 years from 29th September 2010 until 2135 (4)	£450
Total Approximate Floor Areas		246.60	(2654)			£30,450

(1) In the year ending 26th February 2022 Tesco Stores Limited ( CRN 00519500) reported a pre tax profit of £1,260,000,000 and Net Assets of £16,008,000,000. (Company report year ending 26th February 2022 companies house)
(2) The lease provides for a tenant option to determine the lease on June 2027 on serving 6 months notice in writing.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
(4) As to Residential flats the current rents reserved are £150 per annum exclusive rising to £300 per annum exclusive in 2060 and £450 per annum exclusive in 2110.

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.