The Co-operative Food
6 Hannah More Road
Nailsea
Bristol
BS48 4RZ

Freehold Convenience Store Investment

  • Established convenience store in a densely populated residential area
  • Retail and storage accommodation of 365.11 sq m (3,930 sq ft)
  • Predominantly let to The Southern Co-Operative Limited until 2029 t/a The Co-operative Food
  • 5 yearly RPI linked rent reviews
  • Prominent corner position with the use of 23 on site car parking spaces
  • Lot
    15
  • Auction
    16/Jun/2021
  • Rent
    £59,667 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction
  • The Co-operative Food, 6 Hannah More Road, Nailsea, Bristol, BS48 4RZ
  • Expand
  • Photos
  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
8 miles south-west of Bristol
11 miles north-east of Weston-Super-Mare
Roads
A38, A370, M5
Rail
Nailsea & Backwell Station
Air
Bristol Airport
Situation

Whilst the property is located in a densely populated residential area on a prominent corner at the junction of Queens Road and Hannah More Road, it also benefits from being at the entrance to the busy West End Trading Estate, approximately 1 mile west of Nailsea Town Centre.

Tenure

Freehold.

Description

The property comprises a ground floor convenience store (t/a The Co-operative Store) and a self contained retail unit (t/a Pets Corner) which has been sold off on a long lease. The property benefits from the use of 23 on site car parking spaces.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

See legal pack.

Tenancy & Accommodation

UnitFloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReviews
1GroundConvenience
Store
365.09 sq m
(3,930 sq ft)
THE SOUTHERN
CO-OPERATIVE
LIMITED (1) t/a The
Co-operative Food
15 years from
29/01/2014 until
28/01/2029
£59,6675 yearly RPI
linked rent
reviews
(Capped at 4%
pa Collared at
1% pa)
2GroundRetail
-
CRONIN PAGE t/a
Pets Corner
999 years from
05/11/2010
Peppercorn 
Total
365.09 sq m
(3,930 sq ft)
  £59,667 

(1) The Southern Co-operative Group operates over 200 stores. For the year ending 31st January 2021, The Southern Co-operative Limited reported a turnover of £490,281,000, gross profit £145,647,000 and net assets including pension surplus of £126,612,000 (Source: www.thesouthernco-operative.co.uk 14/05/2021).

If you are the successful bidder, Acuitus requires a separate payment of £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    02.06.21
    File Size
    6 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    1 MB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    691 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854 +44 (0)7824 705 955billy.struth@acuitus.co.uk
Seller's Solicitors
Rooks Rider LLP St. Magnus House, 3 Lower Thames Street
London
EC3R 6HD
Anthony Shalet 0207 689 7143ashalet@rooksrider.co.uk

Useful Links

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