One Stop with 2 vacant self contained Flats, 66-68 Regent Street Stotfold Nr Hitchin SG5 4DX

One Stop with 2 vacant self contained Flats, 66-68 Regent Street
Stotfold
Nr Hitchin
SG5 4DX

Freehold Convenience Store with 2 Vacant Residential Flats and 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
18
Auction
4th November 2021
Rent
£17,400 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Convenience Store with 2 Vacant Residential Flats and 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 18
Auction 4th November 2021
Rent £17,400 per Annum Exclusive
Status Sold 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 the right to park 6 motor vehicles in the driveway to the side of the property. Please see the Transfer document dated 17th June 1997 under Title number BD199922, a copy of which is available in the legal pack.
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 (2)	£17,400	25/12/2025 (25/12/2035)
First	Residential	1 Bedroom Flat		VACANT POSSESSION
First	Residential	Studio Flat		VACANT POSSESSION
Total CommercialFloor 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 (NorthRow.com 04/10/2021)
(2) The lease provides for a tenant option to determine the lease on 25/12/2026 and 25/12/2031.
(3) The floor areas stated above are those published by the Valuation Office Agency (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.