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
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
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.
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.
