93 - 95 High Street
Billericay
Essex
CM12 9AS

Freehold Convenience Store and Residential Investment

  • Entirely let to One Stop Limited (owned by Tesco) t/a One Stop and Post Office
  • Includes self-contained 5 bedroom flat
  • Includes service yard and space for parking at the rear
  • Prominent High Street location fronting town's main car park
  • Neighbouring occupiers include WH Smith, Ask Italian, Superdrug, Santander andCosta Coffee
  • Lot
    25
  • Auction
    11/Jul/2019
  • Rent
    £75,250 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    High Street Retail
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
Important Auction & Property Update
  • 93 - 95 High Street<br>Billericay<br>Essex<br>CM12 9AS
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* More information on the term "price" can be found here

Property Information

Location
Miles
9 miles south of Chelmsford
26 miles east of the City of London
Roads
B1007, A129, A12, A127
Rail
Billericay Railway Station
(30 minutes to London Liverpool Street)
Air
London City, London Stansted
Situation

Billericay is an affluent and attractive London commuter town. The property is prominently located on the west side of the busy High Street, in front of the town's main car park, 500 metres from Billericay Railway Station. Neighbouring occupiers include Iceland, Ask Italian, Superdrug, Santander and Costa Coffee.

Tenure

Freehold.

Description

The property comprises retail accommodation on the ground floor and a 5 bedroom self-contained residential flat on the first floor. The property benefits from a service yard to the rear which is currently being used for parking by the tenant.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReview/
(Reversion)
Ground

Retail

265.35 sq m(2,856 sq ft)ONE STOP
STORES LIMITED
t/a One Stop and
Post Office (1)
25 years from
12/01/1998 on a
full repairing and
insuring lease
£75,25012/01/2018
(11/01/2023)
FirstResidential
5 bedroom flat
Total
Commercial
Floor Area
265.35 sq m
(2,856 sq ft)
  £75,250 

(1) The lease has been assigned from T & S Stores Limited (CRN 01228935) to the current tenant One Stop Stores Limited (Company number 02462858). One Stop Stores Limited is ultimately owned by Tesco Plc and for the year ending 24th February 2018 One Stop Stores Limited reported a turnover of £1,068,992,000, pre-tax profits of £20,141,000 and a total net worth of £129,356,000 (Source: Experian Group 14/06/2019).

Property Documents

  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    19.06.19
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Lowe & Elliott
Rob Elliott 01782 349 556robelliott@lowe-elliott.co.uk
Seller's Solicitors
Knights Plc The Brampton
Newcastle-under-Lyme
Staffordshire
ST5 0QW
Tony Earl 01782 349 556tony.earl@knightsplc.com

Useful Links

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