Asda Express, Petrol Filling Station 705 Woodborough Road, Mapperley Nottingham NG3 5QG

  • Asda Express, Petrol Filling Station<br>705 Woodborough Road, Mapperley<br>Nottingham<br>NG3 5QG

Asda Express, Petrol Filling Station
705 Woodborough Road, Mapperley
Nottingham
NG3 5QG

Freehold Convenience Store & Petrol Filling Station Investment

  • Convenience Store & Petrol Filling Station entirely let to Arthur Foodstores Ltd (wholly owned by ASDA)
  • Recently extended lease to expire in August 2037 (no breaks)
  • Rent rising to £241,865 in 2027 and £273,648 in 2032
  • Convenience Store floor area of approx 263.21 sq m (2,833 sq ft)
  • Site area of 0.34 Ha (0.83 Acres)
  • Busy main road location
  • Lot
    9
  • Auction
    27th March 2024
  • Rent
    £213,774 per Annum Exclusive
  • Status
    Available
  • Guide*
    £2,850,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund
  • Expand
  • Photos
  • Map

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

Freehold Convenience Store & Petrol Filling Station Investment

  • Convenience Store & Petrol Filling Station entirely let to Arthur Foodstores Ltd (wholly owned by ASDA)
  • Recently extended lease to expire in August 2037 (no breaks)
  • Rent rising to £241,865 in 2027 and £273,648 in 2032
  • Convenience Store floor area of approx 263.21 sq m (2,833 sq ft)
  • Site area of 0.34 Ha (0.83 Acres)
  • Busy main road location
  • Lot 9
  • Auction 27th March 2024
  • Rent £213,774 per Annum Exclusive
  • Status Available
  • Guide* £2,850,000
  • Sector
    Motor Trade/Petrol Station
  • Auction Venue
    Live Streamed Auction
  • On Behalf of a Major Fund

Property Information

Location
Miles
2 miles north east of Nottingham, 15 miles north of Loughborough, 30 miles south of Sheffield, 49 miles north-east of Birmingham
Roads
A60, A610, M1
Rail
Nottingham Railway Station
Air
Birmingham Airport
Situation

Mapperley is a popular residential suburb some 2 miles north east of Nottingham City Centre. The property is prominently located on the corner of Woodthorpe Drive and Woodborough Road (B684), providing direct access to central Nottingham via the A60. The petrol filling station and convenience store serves the Mapperley and Porchester suburbs with the nearest neighbouring petrol station some 3 miles away to the west and south.

Tenure

Freehold.

Location
Miles
2 miles north east of Nottingham, 15 miles north of Loughborough, 30 miles south of Sheffield, 49 miles north-east of Birmingham
Roads
A60, A610, M1
Rail
Nottingham Railway Station
Air
Birmingham Airport
Situation

Mapperley is a popular residential suburb some 2 miles north east of Nottingham City Centre. The property is prominently located on the corner of Woodthorpe Drive and Woodborough Road (B684), providing direct access to central Nottingham via the A60. The petrol filling station and convenience store serves the Mapperley and Porchester suburbs with the nearest neighbouring petrol station some 3 miles away to the west and south.

Tenure

Freehold.

Description

The property comprises a recently rebranded, modern convenience store and petrol filling station with eight pumps beneath a steel canopy and a single storey convenience store of approximately 263.21 sq. m. (2,833 sq. ft.) upon a total site area of 0.34 Ha (0.83 Acres), benefitting from a low site coverage.

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 recently rebranded, modern convenience store and petrol filling station with eight pumps beneath a steel canopy and a single storey convenience store of approximately 263.21 sq. m. (2,833 sq. ft.) upon a total site area of 0.34 Ha (0.83 Acres), benefitting from a low site coverage.

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

Use Site Area
Approx Hectares
Site Area
Approx Acres
Tenant Term Rent p.a.x. Rent Review
Petrol Filling Station and Convenience Store 0.34 0.83 ARTHUR FOODSTORES LTD
with a guarantee from Co-Operative Group Food Ltd and an AGA from Co-Operative Group Ltd
t/a ASDA Express
(1) (2)
A term of years from 13/08/2007 until 12/08/2037
(3)
£213,774
Rising to £241,865 on 12/08/2027
Rising to £273,648 on 12/08/2032
(4)
Total 0.34 0.83    
£213,774
(4)
 

(1) Arthur Foodstores Ltd was recently acquired by Asda. Asda acquired 132 sites from the Co-op last year in a £438m deal as part of its long-term strategy to become the UK’s second largest supermarket (www.corporate.asda.com 26/02/2024).
(2) The leases are guaranteed by Co-operative Group Food Ltd with an AGA from Co-operative Group Ltd. For the year ending 02/01/2021, Co-operative Group Ltd reported a Turnover of £11,472,000,000, a Pre-Tax Profit of £127,000,000 and a Net Worth of £1,564,000,000 (NorthRow 26/02/2024).
(3) The original lease was for a term of 25 years from 13/08/2007 which has been recently extended by way of a reversionary lease for a further 5 years to expire on 12/08/2037.
(4) The rent reviews are fixed at 2.5% per annum compounded.

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
    21.03.24
    File Size
    34 MB
    Login to View
  • Brochure
    Updated Date
    28.03.24
    File Size
    4 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
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Alexander AuteracAlexander Auterac +44 (0)20 7034 4859 +44 (0)7713 135 034alexander.auterac@acuitus.co.uk
Seller's Solicitors
Forsters LLP 22 Baker Street
London
W1U 3BW
Sam Delahay +44(0)20 7399 4715Sam.Delahay@Forsters.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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