Freehold Supermarket Investment
Freehold Supermarket Investment
The property is centrally situated in a good trading location on the north side of the busy Market Street which is the principal shopping street in the town. Nearby occupiers include Boots the Chemist, NatWest and Lloyds TSB.
Freehold.
The property is centrally situated in a good trading location on the north side of the busy Market Street which is the principal shopping street in the town. Nearby occupiers include Boots the Chemist, NatWest and Lloyds TSB.
Freehold.
The property comprises a PURPOSE BUILT SUPERMARKET on lower ground and ground floors together with a THREE BEDROOM FLAT on the first floor. There is pedestrian and service access to the rear of the building adjacent to a large public car park.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a PURPOSE BUILT SUPERMARKET on lower ground and ground floors together with a THREE BEDROOM FLAT on the first floor. There is pedestrian and service access to the rear of the building adjacent to a large public car park.
VAT is applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Reviews | |
|---|---|---|---|---|---|---|---|
| Gross Frontage Net Frontage Shop Depth Basement Ground First (Front) First (Rear) |
Ancillary Retail Residential 3 Bedrooms Plant Room |
18.70 m 18.30 m 48.70 m 430.79 sq m 912.86 sq m 67.07 sq m 78.90 sq m |
(63' 5") (60' 1") (159' 9") (4,637 sq ft) (9,826 sq ft) (722 sq ft) (849 sq ft) |
SOMERFIELD PROPERTY COMPANY LIMITED (1) (now part of The Co-Operative Group) |
35 years from 07/12/1980 on a full repairing and insuring lease | £85,000 | 07/12/2015 |
| Totals | 1,489.62 sq m |
(16,034 sq ft) (2) |
£85,000 | ||||
(1) For the year ending 02/05/2009 Somerfield Property Company Limited reported a turnover of 43,739,000, a pre-tax profit of 84,272,000 and a net worth of 462,110,000. (Source: riskdisk.com 08/06/2010) The Co-Operative Group, the UK's largest mutual retailer, has completed its 1.565bn acquisition of the Somerfield Supermarket chain. (Source: www.co-operative.coop 02/03/2009) (2) The areas for the basement, ground and first floor plant room were utilised by independent expert at a previous rent review.
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