Co-Op Convenience Store and The Lamb Public House Cadbury Heath Bristol BS30 8EL

Co-Op Convenience Store and The Lamb Public House
Cadbury Heath
Bristol
BS30 8EL

  • Co-Op Convenience Store and The Lamb Public House<br>Cadbury Heath<br>Bristol<br>BS30 8EL

Convenience Store, Public House and Residential Ground Rent Investment

  • Comprising Convenience Store, Public House and 6 Flats (sold off)
  • Convenience Store Let to The Southern Co-Operative Ltd Until July 2028
  • Public House Let until August 2033
  • Densely populated residential suburb of Bristol
  • Located opposite a popular retail parade
  • Lot
    3
  • Auction
    15th February 2024
  • Rent
    £68,000 per Annum Exclusive
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    High Street Retail/Residential
  • Auction Venue
    Live Streamed Auction
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  • Photos
  • Map

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

Property Information

Location
Miles
4 miles east of Bristol City Centre, 6 miles north west of Bath
Roads
A431, A420, A4174, M4
Rail
Keynsham Railway Station
Air
Bristol Airport
Situation

The property is located in the popular Bristol suburb of Cadbury Heath, to the west of the city centre. The property is prominently situated on the corner of Newton Road and School Road with frontage onto Coronation Park. The immediate vicinity provides a a selection of local retailers, including a Boots Chemist, and takeaways servicing the wider residential area.

Tenure

Freehold.

Location
Miles
4 miles east of Bristol City Centre, 6 miles north west of Bath
Roads
A431, A420, A4174, M4
Rail
Keynsham Railway Station
Air
Bristol Airport
Situation

The property is located in the popular Bristol suburb of Cadbury Heath, to the west of the city centre. The property is prominently situated on the corner of Newton Road and School Road with frontage onto Coronation Park. The immediate vicinity provides a a selection of local retailers, including a Boots Chemist, and takeaways servicing the wider residential area.

Tenure

Freehold.

Description

The property comprises a substantial mixed-use building currently arranged to provide a ground floor convenience store, ground floor public house with first floor managers accommodation together with 6 flats on the remainder of the first floor, each with a car parking space, which have been sold off on long leases. The property benefits from approximately 17 car parking spaces across two separate areas and a pub garden facing Coronation Park.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

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

Description

The property comprises a substantial mixed-use building currently arranged to provide a ground floor convenience store, ground floor public house with first floor managers accommodation together with 6 flats on the remainder of the first floor, each with a car parking space, which have been sold off on long leases. The property benefits from approximately 17 car parking spaces across two separate areas and a pub garden facing Coronation Park.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

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

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m
Floor Areas
Approx sq ft
Tenant Term Rent p.a.x. Rent Review
Ground Convenience Store
304.62
(3,278)
THE SOUTHERN CO-OPERATIVE LTD
t/a The Co-Operative Food
(1)
15 years from 01/08/2013
£46,700
 
Ground
First
Public House
Managers Accommodation
272.00
(2,928)
CHAMPION INNS LTD
t/a The Lamb
10 years from 29/08/2023
(2)
£21,000
29/08/2028
First 6 Flats
-
-
Let on 6 x separate leases to Individuals Each for a term of 999 years from January 2013
£300
 
Total  
576.62
(6,206)
(3)
   
£68,000
 

(1) Southern Co-op is a regional, independent co-operative operating more than 300 food, funeral and Starbucks coffee branches across the south of England. For the year ending 29th January 2023, Southern Co-operative Limited reported a Turnover of £515,407,000 and Net Assets of £184,655,000 (www.southern.coop 05/01/2024).
(2) The lease provides for a mutual option to determine the lease on the 5th anniversary of the term.
(3) The convenience store 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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    18.01.24
    File Size
    102 MB
    Login to View
  • Brochure
    Updated Date
    07.02.24
    File Size
    5 MB
    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
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@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
London
W1W 8QT
Sammi Hsu 020 7436 5151sh@cbglaw.co.uk  Matthew Webb 020 7436 5151mrw@cbglaw.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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