Large convenience store and Post Office arranged on the ground floor
Three bedroom flat included in the lease
Attractive Gloucestershire market town
Lot 37
Auction 11th July 2018
Rent £41,000 per Annum Exclusive
Status Sold
Price £555,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
6 miles east of Monmouth, 13 miles north of Chepstow
Roads
A40, A4136
Rail
Lydney Rail Station
Air
Bristol International Airport
Cardiff International Airport
Situation
Coleford is an attractive market town situated between Monmouth and the Forest of Dean, east of the A40. The property is situated on the eastern side of High Street, south of its junction with Market Place, in the heart of Coleford town centre. Other nearby occupiers include Lloyds Bank and William Hill, as well as a number of independent retailers.
Tenure
Freehold.
Location
Miles
6 miles east of Monmouth, 13 miles north of Chepstow
Roads
A40, A4136
Rail
Lydney Rail Station
Air
Bristol International Airport
Cardiff International Airport
Situation
Coleford is an attractive market town situated between Monmouth and the Forest of Dean, east of the A40. The property is situated on the eastern side of High Street, south of its junction with Market Place, in the heart of Coleford town centre. Other nearby occupiers include Lloyds Bank and William Hill, as well as a number of independent retailers.
Tenure
Freehold.
Description
The property comprises a large well configured ground floor convenience store and post office, with a separately accessed three bedroom flat on the first floor. In addition, the town’s principal shoppers car park is immediately to the rear.
VAT
VAT is 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 comprises a large well configured ground floor convenience store and post office, with a separately accessed three bedroom flat on the first floor. In addition, the town’s principal shoppers car park is immediately to the rear.
VAT
VAT is 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
Convenience Store/Ancillary/ Post Office
359.10 sq m
(3,864 sq ft)
TESCO STORES LIMITED (1) t/a Tesco Express
25 years from 20/08/1997 on a full repairing and insuring lease
£41,000
19/08/2022
First
Residential
Three bedroom flat with bathroom and kitchen
Total Commercial Area
359.10 sq m
(3,864 sq ft)
£41,000
(1) For the year ending 25th February 2017, Tesco Stores Limited reported a turnover of £40,134,000,000, pre-tax profits of £266,000,000 and a total net worth of £749,000,000 (Source: Experian Group 11/06/2018). The flat on the first floor is sublet.
