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
    04/Nov/2021
  • Rent
    £17,400 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction
Important Update
  • One Stop with 2 vacant self contained Flats, 66-68 Regent Street, Stotfold, Nr Hitchin, SG5 4DX
  • Expand
  • Photos
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* More information on the term "price" can be found here

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.

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.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview
GroundRetail
150.01 sq m
(1,614 sq ft)
(3)
ONE STOP
STORES
LIMITED (1)
15 years from
25/12/2020 (2)
£17,40025/12/2025
(25/12/2035)
FirstResidential
1 Bedroom Flat
VACANT
POSSESSION
   
FirstResidential
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 £1,000 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

  • Catalogue Page
    Updated Date
    15.10.21
    File Size
    539 KB
    View PDF
  • Site Plan
    Updated Date
    15.10.21
    File Size
    734 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Collins Benson Goldhill LLP 26-28 Great Portland Street
London
W1W 8QT
Alex Hutchings 020 7436 5151ah@cbglaw.co.uk

Useful Links

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