31 High Street Portishead Bristol BS20 6AB

31 High Street
Portishead
Bristol
BS20 6AB

Freehold Convenience Store and Residential Investment

Entirely let to T & S Stores plc, owned by Tesco plc, and underlet to Smiles Stores Limited, trading as McColl's
Prominent High Street location in popular Bristol suburb
Self-contained residential accommodation on the first floor
Nearby occupiers include Costa, Barclays and Boots

Lot
17
Auction
8th December 2011
Rent
£46,000 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Convenience Store and Residential Investment

Entirely let to T & S Stores plc, owned by Tesco plc, and underlet to Smiles Stores Limited, trading as McColl's
Prominent High Street location in popular Bristol suburb
Self-contained residential accommodation on the first floor
Nearby occupiers include Costa, Barclays and Boots

Lot 17
Auction 8th December 2011
Rent £46,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Residential
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 8 miles south-west of Bristol, 40 miles west of Cardiff, 80 miles south-west of Birmingham
Roads: M32, M4, M5
Rail: Bristol Temple Meads Station
Air: Bristol International Airport

Situation

Portishead is a busy town on the outskirts of Bristol, itself the major conurbation for the South-West of England. The town has excellent links to the motorway network, being situated just off the M5. The High Street of Portishead is the main retail thoroughfare and the property occupies a prominent position, close to The Precinct. Other nearby occupiers include Costa, Barclays and Boots.

Tenure

Freehold.

Location

Miles: 8 miles south-west of Bristol, 40 miles west of Cardiff, 80 miles south-west of Birmingham
Roads: M32, M4, M5
Rail: Bristol Temple Meads Station
Air: Bristol International Airport

Situation

Tenure

Freehold.

Description

The property comprises a semi-detached convenience store with self-contained residential accommodation above. The retail area includes an extension, currently fitted out as a post office and the two bedroom residential unit has self-contained access from the rear of the property. The occupier also trades from the adjoining property which is not included in the sale.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First Floor	Retail Residential – 2 bedroom	147.80 sq m	1,591 sq ft	Entirely let to T & S STORES PLC now Tesco plc (1) (2) (3)	25 years from 08/08/1994 until 2019 on a full repairing and insuring lease	£46,000	08/08/2014
Totals		147.80 sq m	1,591 sq ft			£46,000

(1) T & S Stores plc was acquired by Tesco plc in 2003. (Source: www.oft.gov.uk)
(2) For the year ending 26th February 2011 Tesco plc reported a turnover of £60,931,000,000, a pre-tax profit of £3,535,000,000 and a total net worth of £12,197,000,000. (Source: www.riskdisk.com 09/11/2011)
(3) The tenant has underlet to Smiles Stores Limited trading as McColl's.