McColl’s Convenience Store 1-3 Frome Valley Road Stapleton BS16 1HD

McColl’s Convenience Store
1-3 Frome Valley Road
Stapleton
BS16 1HD

Freehold Retail and Residential Investment

Let on a recent 20 year lease to Martin McColl Limited
2% per annum compounded fixed uplifts
Prominent and well located retail site
Includes a Post Office counter
Six Week Completion Available

Lot
12
Auction
6th December 2012
Rent
£34,200 per Annum Exclusive
Status
Sold
Price
£466,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Retail and Residential Investment

Let on a recent 20 year lease to Martin McColl Limited
2% per annum compounded fixed uplifts
Prominent and well located retail site
Includes a Post Office counter
Six Week Completion Available

Lot 12
Auction 6th December 2012
Rent £34,200 per Annum Exclusive
Status Sold
Price £466,000
Sector
Supermarket/Convenience
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 3.5 miles north of Bristol City Centre, 13 miles north-east of Bath
Roads: B4058, M32, M4
Rail: Stapleton Road Station, Bristol Temple Meads Station
Air: Bristol International Airport

Situation

Stapleton is a popular residential suburb approximately 2 miles north of Bristol city centre. The area is conveniently located for access to the M32 and the wider motorway network. The property is located in an established parade, adjacent to a pharmacy. Ample free on-street parking is available immediately in front of
the property.

Tenure

Freehold.

Location

Miles: 3.5 miles north of Bristol City Centre, 13 miles north-east of Bath
Roads: B4058, M32, M4
Rail: Stapleton Road Station, Bristol Temple Meads Station
Air: Bristol International Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor shop, with ancillary accommodation. The residential upper parts have been let on a long lease. The property also comprises a post office counter.

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 shop, with ancillary accommodation. The residential upper parts have been let on a long lease. The property also comprises a post office counter.

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 Ground	Retail Ancillary	177.35 sq m 76.55 sq m	(1,909 sq ft) (824 sq ft)	MARTIN MCCOLL LIMITED (1)	20 years from 24/11/2011 until 2031 on a full repairing and insuring lease (2)	£34,200	20/02/2016 and 5 yearly thereafter (fixed rental uplifts at 2% per annum compounded)
First	Residential			INDIVIDUAL	150 years from 23/11/2011	Peppercorn
Total approximate ground floor areas		253.90 sq m	(2,733 sq ft)			£34,200

1) For the year ending 27th November 2011, Martin McColl Limited reported a turnover of £380,485,000, a pre-tax profit of £18,068,000 and a total net worth of £100,676,000. (Source www.riskdisk.com 04/09/2012)

2)The lease provides for a 5 yearly upward only rent reviews with fixed uplifts at 2% per annum compounded throughout.