One Stop Convenience Store, Brockenhurst Road Ascot Berkshire SL5 9DN

One Stop Convenience Store, Brockenhurst Road
Ascot
Berkshire
SL5 9DN

Convenience Store Investment

Let to One Stop Stores Ltd (wholly owned by Tesco) on a New Lease until May 2038 (No Breaks)
5 Yearly Rent Reviews Linked to the Consumer Price Index (CPI) Subject to a Minimum of 1% Per Annum Compounded and a Maximum of 3% Per Annum Compounded
Substantial Ground Floor Convenience Store with Significant Frontage
Total Floor Area of Approx. 239.04 sq m (2,573 sq ft) with Parking for 8 Cars
Prominent Location in Highly Affluent Area
VAT Free Investment

Lot
13
Auction
9th July 2024
Rent
£47,500 per Annum Exclusive
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Convenience Store Investment

Let to One Stop Stores Ltd (wholly owned by Tesco) on a New Lease until May 2038 (No Breaks)
5 Yearly Rent Reviews Linked to the Consumer Price Index (CPI) Subject to a Minimum of 1% Per Annum Compounded and a Maximum of 3% Per Annum Compounded
Substantial Ground Floor Convenience Store with Significant Frontage
Total Floor Area of Approx. 239.04 sq m (2,573 sq ft) with Parking for 8 Cars
Prominent Location in Highly Affluent Area
VAT Free Investment

Lot 13
Auction 9th July 2024
Rent £47,500 per Annum Exclusive
Status Sold Post
Price
Sector
Supermarket/Convenience
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 25 Miles west of Central London, 12 miles north of Guildford, 13 miles east of Reading, 8 miles south of Slough
Roads: M3, M25, A329
Rail: Ascot Railway Station
Air: London Heathrow Airport

Situation

Ascot is a highly affluent Berkshire town, most notable for being home to the world famous Ascot Racecourse and its vibrant High Street. Ascot benefits from excellent communications via the A329, A332 and A30 additionally with the M3 and M25 situated some 5 miles to the east. Ascot Railway Station provides a regular direct service to London Waterloo (57 mins). The property is conveniently located on the junction of Oliver Road, Station Hill and Brockenhurst Road, well situated to service the wider residential area.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn ground rent.

Location

Miles: 25 Miles west of Central London, 12 miles north of Guildford, 13 miles east of Reading, 8 miles south of Slough
Roads: M3, M25, A329
Rail: Ascot Railway Station
Air: London Heathrow Airport

Situation

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn ground rent.

Description

The property comprises a substantial ground floor convenience store with a prominent corner frontage and with the benefit of car parking for 8 cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

The property comprises a substantial ground floor convenience store with a prominent corner frontage and with the benefit of car parking for 8 cars.

VAT

VAT is not applicable to this lot.

Completion Period

Six week completion

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.	Review/(Reversion)
Ground	Convenience Store	239.04	(2,573)	ONE STOP STORES LIMITED (CRN: 02462858) (1)	15 years from 24/05/2023 (2)	£47,500	24/05/2028 24/05/2033 (23/05/2038) Rent reviews linked to Consumer Price Index (CPI) (3)
Total Approximate Commercial Floor Area		239.04	(2,573)			£47,500

(1) One Stop Stores Limited (CRN: 02462858) 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 (CRN: 02462858 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).
(2) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.
(3) The lease provides for the rent to be reviewed 5 yearly and linked to the Consumer Price Index (CPI) subject to a minimum of 1% per annum compounded and a maximum of 3% per annum compounded.

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.