Entirely let to T&S Stores Limited t/a One Stop Stores (part of the Tesco Group)
Detached convenience stores formed from two former semi-detached residential properties
Neighbourhood convenience store with car parking
Site area of approximately 0.09 Hectares (0.22 Acres)
Lot 81
Auction 19th October 2017
Rent £23,325 per Annum Exclusive
Status Sold
Price £321,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
17 miles east of Sheffield
8 miles south of Doncaster
33 miles north of Nottingham
Roads
M18, A1, A614, A631
Rail
Doncaster Railway Station
Air
Doncaster Sheffield Airport
Situation
Bircotes is a predominantly residential suburb equidistant from Doncaster to the north and Worksop to the south. The property is prominently situated on the east side of Droversdale Road, at the junction with Norfolk Road approximately 400 metres from St Patricks Catholic Primary School and Serlby Park Academy. Nearby occupiers include Asda, Ladbrokes and Aldi.
Tenure
Freehold.
Location
Miles
17 miles east of Sheffield
8 miles south of Doncaster
33 miles north of Nottingham
Roads
M18, A1, A614, A631
Rail
Doncaster Railway Station
Air
Doncaster Sheffield Airport
Situation
Bircotes is a predominantly residential suburb equidistant from Doncaster to the north and Worksop to the south. The property is prominently situated on the east side of Droversdale Road, at the junction with Norfolk Road approximately 400 metres from St Patricks Catholic Primary School and Serlby Park Academy. Nearby occupiers include Asda, Ladbrokes and Aldi.
Tenure
Freehold.
Description
The property is a detached building formed from two former semi-detached residential properties and comprises ground floor retail and ancillary accommodation on the first floor. The property benefits from a site area of approximately 0.09 Hectares (0.22 acres) with a site coverage of approximately 35%.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a detached building formed from two former semi-detached residential properties and comprises ground floor retail and ancillary accommodation on the first floor. The property benefits from a site area of approximately 0.09 Hectares (0.22 acres) with a site coverage of approximately 35%.
VAT
VAT is not applicable to this lot.
Completion Period
Six week completion
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 First
Retail/Ancillary Ancillary
301.32 sq m 56.50 sq m
(3,243 sq ft) (608 sq ft)
T&S STORES LIMITED t/a One Stop Stores (1)
20 years from 20th December 2001 on a full repairing and insuring lease
£23,325 (2)
(19/12/2021)
Total
357.82 sq m
(3,851sq ft)
£23,325
(1) T&S Stores Limited was incorporated on 7th October 1975. One Stop is a retail convenience business with over 850 outlets situated throughout England and Wales (Source: www.onestop.co.uk). (2) As to the outstanding 20/12/2016 rent review, the seller has served a rent review notice stating a new rent of £27,500 per annum exclusive. The tenant has offered a settlement at £24,500 per annum exclusive.
