Freehold Retail Investment
Freehold Retail Investment
The property is situated in a predominantly residential area on the corner of Norwich Road and Oval Road, approximately 3 miles north-west of Norwich city centre
Freehold.
The property is situated in a predominantly residential area on the corner of Norwich Road and Oval Road, approximately 3 miles north-west of Norwich city centre
Freehold.
The property comprises ground floor retail accommodation and benefits from parking for approximately 5 cars.
VAT is applicable to this lot.
C
The property comprises ground floor retail accommodation and benefits from parking for approximately 5 cars.
VAT is applicable to this lot.
C
| Floor | Use | Floor Areas (Approx) | Tenant | Term | Rent p.a.x | Review/(Reversion) | |
|---|---|---|---|---|---|---|---|
| Ground | Retail | 119.3 sq m |
(1,284 sq ft) |
ONE STOP STORES LIMITED (1) |
15 years from 03/10/2008 (2) |
£10,500 | 03/10/2018 (02/10/2023) |
| Total |
119.3 sq m |
(1,284 sq ft) | £10,500 | ||||
(1) For the year ending 25th February 2017, One Stop Stores Limited reported a turnover of £1,011,260,000, pre-tax profits of £18,815,000 and a total net worth of £117,956,000. One Stop Stores Limited is a subsidiary company of Tesco Plc. (Source: Experian Group 06/09/2018).
(2) The tenant option to determine the lease on 03/10/2018 was not exercised.
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