Let to One Stop Stores Limited - a part of Tesco plc
Lease expires June 2027 (No Breaks)
June 2020 & June 2023 tenant breaks not exercised
Site area approximately 0.08 ha (0.19 acres)
Low site coverage of 35% with rear customer parking
Future Residential Development Potential (subject to lease and consents)
Popular Residential suburb. 2 miles west of Bath City Centre
VAT-free investment
Lot 1
Auction 9th May 2024
Rent £27,000 per Annum Exclusive
Status Sold
Price £385,000
Sector Supermarket/Convenience
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles west of Bath City Centre, 11 miles south-east of Bristol
Roads
A4, A36, A39, A367, A431
Rail
Oldfield Park Railway Station
Air
Bristol Airport
Situation
The property is located in a popular residential suburb of Bath, 2 miles west of the City Centre. The property is situated in a prominent corner location on the eastern side of The Hollow, close to its junction with Lansdown View which leads directly to the A36.
Tenure
Freehold.
Location
Miles
2 miles west of Bath City Centre, 11 miles south-east of Bristol
Roads
A4, A36, A39, A367, A431
Rail
Oldfield Park Railway Station
Air
Bristol Airport
Situation
The property is located in a popular residential suburb of Bath, 2 miles west of the City Centre. The property is situated in a prominent corner location on the eastern side of The Hollow, close to its junction with Lansdown View which leads directly to the A36.
Tenure
Freehold.
Description
The property comprises a convenience store arranged on the ground floor only. The property benefits from customer parking to the rear, accessed from Lymore Avenue.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a convenience store arranged on the ground floor only. The property benefits from customer parking to the rear, accessed from Lymore Avenue.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas (Approx sq ft) (1)
Tenant
Term
Rent p.a.x.
Ground
Convenience Store/Ancillary
266.40
(2,867)
ONE STOP STORES LIMITED (2) (t/a One Stop Convenience Store)
10 years from 09/06/2017
£27,000
Total
266.40
(2,867)
£27,000
(1) Areas provided by VOA (www.tax.service.gov.uk/business-rates) (2) One Stop Stores Limited have been a subsidiary of Tesco since 2003 and trade from over 1,000 shops across the UK (www.onestop.co.uk). For the year ending 25/02/2023, One Stop Stores Limited reported a turnover of £1,171,345,000, a pre-tax profit of £15,424,000 and a net worth of £54,416,000 - a part of Tesco Plc (www.northrow.com).
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.
