One Stop 11 Blind Lane, Silksworth Sunderland Tyne & Wear SR3 1AT

One Stop
11 Blind Lane, Silksworth
Sunderland
Tyne & Wear
SR3 1AT

Freehold Retail Investment

Entirely let to Linebush III Ltd, t/a One Stop (a subsidiary of Tesco plc) until 2022
Within a local parade of shops
Located in a densely populated area
Close proximity to B1286, A690 and A19
Six Week Completion Available

Lot
46
Auction
18th October 2012
Rent
£14,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail Investment

Entirely let to Linebush III Ltd, t/a One Stop (a subsidiary of Tesco plc) until 2022
Within a local parade of shops
Located in a densely populated area
Close proximity to B1286, A690 and A19
Six Week Completion Available

Lot 46
Auction 18th October 2012
Rent £14,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
High Street Retail
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 3 miles south of Sunderland city centre, 13 miles south-east of Newcastle upon Tyne
Roads: A19, A690
Rail: Sunderland Rail Station
Air: Newcastle (16 miles), Durham Tees Valley (25 miles)

Situation

The property is situated in a predominantly residential area, on the eastern side of Blind Lane in Silksworth, some 3 miles from Sunderland City Centre. Nearby occupiers include a number of independent retailers including The Midas Touch Cafe, Donkins Restaurant and Planet Pizza.

Tenure

Freehold.

Location

Miles: 3 miles south of Sunderland city centre, 13 miles south-east of Newcastle upon Tyne
Roads: A19, A690
Rail: Sunderland Rail Station
Air: Newcastle (16 miles), Durham Tees Valley (25 miles)

Situation

Tenure

Freehold.

Description

The property comprises a ground floor retail unit with first floor storage accommodation, which is currently sealed off.

VAT

VAT is applicable to this lot.

EPC

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

Description

The property comprises a ground floor retail unit with first floor storage accommodation, which is currently sealed off.

VAT

VAT is 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)		Tenant	Term	Rent p.a.x	Reviews
Ground First	Retail Storage	154.50 sq m Not	(1,663 sq ft) Measured	LINEBUSH III LIMITEDt/a One Stop (1)	15 years from 15/01/2007 until 14/01/2022 on a full repairing and insuring lease	£14,000	15/01/2012 (2) and 15/01/2017
Totals		154.50 sq m	(1,663 sq ft)			£14,000

(1) Linebush III Limited is a wholly owned subsidiary of Linebush III Holdings Limited. Linebush III Holdings Limited are a wholly owned subsidiary of One Stop Stores Limited, who in turn are a wholly owned subsidiary of Tesco Plc. One Stop Stores Limited have over 600 shops throughout England and Wales. For the year ending 26th February 2011, One Stop Stores Limited reported a turnover of £551,128,000, pre-tax profits of £21,197,000 and a total net worth of £64,826,000. (Source: www.riskdisk.com 11/09/2012) For the year ending 25th February 2012, Tesco Plc reported a turnover of £64,539,000,000, pre-tax profits of £3,835,000,000 and a total
net worth of £13,157,000,000. (Source: www.riskdisk.com 21/09/2012)
(2)The 2012 Rent Review is outstanding.