Let to One Stop Stores Ltd (a part of Tesco Plc) until October 2023
2018 break option not exercised
3 miles from Norwich city centre
5 car parking spaces
Lot 66
Auction 18th October 2018
Rent £10,500 per Annum Exclusive
Status Sold
Price £160,000
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
3 miles north-west of Norwich city centre, 42 miles north of Ipswich
Roads
A140, A47, A11
Rail
Norwich Railway Station
Air
Norwich International Airport
Situation
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
Tenure
Freehold.
Location
Miles
3 miles north-west of Norwich city centre, 42 miles north of Ipswich
Roads
A140, A47, A11
Rail
Norwich Railway Station
Air
Norwich International Airport
Situation
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
Tenure
Freehold.
Description
The property comprises ground floor retail accommodation and benefits from parking for approximately 5 cars.
VAT
VAT is applicable to this lot.
EPC
C
Description
The property comprises ground floor retail accommodation and benefits from parking for approximately 5 cars.
VAT
VAT is applicable to this lot.
EPC
C
Tenancy & Accommodation
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.
