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
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.
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.
