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
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.
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.
