One Stop, 66-68 Regent Street Stotfold Nr Hitchin Hertfordshire SG5 4DX

One Stop, 66-68 Regent Street
Stotfold
Nr Hitchin
Hertfordshire
SG5 4DX

Freehold Convenience Store and Residential Investment with Further Development Potential

Ground floor let to One Stop Stores Limited (Part of Tesco) until 2035 (subject to option)
Includes two flats subject to vacant possession and 6 car parking spaces at the rear
Potential to reconfigure and further develop the residential to create three flats (subject to consents)

Lot
2
Auction
5th May 2021
Rent
£17,400 per Annum Exclusive
Status
Withdrawn Prior
Price
Auction Venue
Live Streamed Auction

Important Update Interested?

Expand
Photos
Map

Freehold Convenience Store and Residential Investment with Further Development Potential

Ground floor let to One Stop Stores Limited (Part of Tesco) until 2035 (subject to option)
Includes two flats subject to vacant possession and 6 car parking spaces at the rear
Potential to reconfigure and further develop the residential to create three flats (subject to consents)

Lot 2
Auction 5th May 2021
Rent £17,400 per Annum Exclusive
Status Withdrawn Prior
Price
Sector
Supermarket/Convenience
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 13 miles south east of Bedford; 12 miles north east of Luton; 35 miles north of central London
Roads: A507, A1 (Junction 10)
Rail: Arlesey Railway Station
Air: London Luton Airport, London Stansted Airport

Situation

Stotfold is some 5 miles north of Hitchin and approximately 35 miles north of Central London and benefits from being immediately adjacent to the A1(M) and is accessible via junction 10. The property is situated in a predominantly residential area on the east side of Regent Street, opposite its junction with Trinity Road, some 500 metres north of the town centre.

Tenure

Freehold.

Location

Miles: 13 miles south east of Bedford; 12 miles north east of Luton; 35 miles north of central London
Roads: A507, A1 (Junction 10)
Rail: Arlesey Railway Station
Air: London Luton Airport, London Stansted Airport

Situation

Tenure

Freehold.

Description

The property is a detached building comprising a lock up convenience store on the ground floor with two self contained flats on the first floor and 6 car parking spaces at the rear. The property may benefit from the potential to reconfigure and further develop the residential to create three flats (subject to consents).

VAT

VAT is applicable to this lot.

Completion Period

Six week Completion

EPC

See legal pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six week Completion

EPC

See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Retail	150.01 sq m	(1,614 sq ft) (3)	ONE STOP STORES LIMITED (1)	15 years from 25/12/2020 until 2035 (2)	£17,400	25th December 2025
First	Residential	1 Bedroom Flat		VACANT POSSESSION
First	Residential	Studio Flat		VACANT POSSESSION
Total Commercial Floor area		150.01 sq m	(1,614 sq ft) (3)			£17,400

(1) For the year ending 29th February 2020, One Stop Stores Limited(CRN02462858) whose ultimate beneficial owner is Tesco PLC, reported a turnover of £1,175,302,000, pre-tax profits of £27,614,000 and a Net Worth of £148,002,000(Source North Row 12/04/2021).
(2) The lease provides for a tenant option to determine the lease on 25/12/2026.
(3) The above floor areas have been published by the Valuation Office Agency at www.voa.gov.uk.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.