50 Ashburton Road Newton Abbot Devon TQ12 1NN

50 Ashburton Road
Newton Abbot
Devon
TQ12 1NN

Convenience Store Investment

  • Entirely let to T&S Stores Limited (a subsidiary of Tesco Plc) t/a One Stop Convenience Store
  • Prominent roadside location within densely populated residential area
  • Benefits from small service yard area
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    65
  • Auction
    11th February 2016
  • Rent
    £12,750 per Annum Exclusive
  • Status
    Sold Prior
  • Price
     
  • Sector
    Supermarket
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Joint LPA Receivers
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Convenience Store Investment

  • Entirely let to T&S Stores Limited (a subsidiary of Tesco Plc) t/a One Stop Convenience Store
  • Prominent roadside location within densely populated residential area
  • Benefits from small service yard area
  • For the Seller's Legal Pack, please click the Property Documents tab below
  • For a Buyer's Legal Report please click <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 65
  • Auction 11th February 2016
  • Rent
  • Status Sold Prior
  • Price  
  • Sector
    Supermarket
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Joint LPA Receivers

Property Information

Location
Miles
15 miles south of Exeter, 29 miles north-east of Plymouth, 8 miles north-west of Torquay
Roads
A38, A380, A382
Air
Exeter International Airport
Situation

Newton Abbot is a popular market town in South Devon, just west of Dartmoor National Park. The property occupies a prominent corner position fronting both Ashburton Road (A383) and Greenaway Road, in a predominantly residential area just north-west of the town centre.

Tenure

Virtual Freehold. Held for a term of 999 years from 7th December 1995 at a peppercorn rent.

Location
Miles
15 miles south of Exeter, 29 miles north-east of Plymouth, 8 miles north-west of Torquay
Roads
A38, A380, A382
Air
Exeter International Airport
Situation

Newton Abbot is a popular market town in South Devon, just west of Dartmoor National Park. The property occupies a prominent corner position fronting both Ashburton Road (A383) and Greenaway Road, in a predominantly residential area just north-west of the town centre.

Tenure

Virtual Freehold. Held for a term of 999 years from 7th December 1995 at a peppercorn rent.

Description

The property comprises a self-contained ground floor corner retail unit with a small service yard area.

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 self-contained ground floor corner retail unit with a small service yard area.

This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Law of Property Act Receivers to the best of their knowledge but the purchaser must rely solely upon their own enquiries. The Joint Law of Property Act Receivers are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Six Week Completion

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

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 Reversion
Ground Retail
128.76 sq m
(1,386 sq ft)
T&S STORES LIMITED (1)
(t/a One Stop Convenience
Store) (2)
25 years from 30/11/1992 £12,750 29/11/2017
Totals  
128.76 sq m
(1,386 sq ft)
    £12,750

1) T&S Stores Limited is a wholly owned subsidiary of Tesco Plc. For the year ending 28th February 2015, T&S Stores Limited reported a total net worth of £573,589,000. (Source: Experian Group: 18/01/2016)
(2) One Stop has been trading as a successful convenience franchise business for over 20 years and currently operates over 750 stores throughout England and Wales. (Source: www.openaonestop.co.uk - 05/01/2016)

Property Documents

  • Site Plan
    Updated Date
    20.01.16
    File Size
    338 KB
    View PDF
  • Catalogue Page
    Updated Date
    20.01.16
    File Size
    826 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
DLA Piper LLP Victoria Square House, Victoria Square
Birmingham
B2 4DL
Charlotte Duce 0121 262 5648charlotte.duce@dlapiper.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now