One Stop Convenience Store 3 The Hollow Bath Somerset BA2 1LX

  • One Stop Convenience Store<br>3 The Hollow<br>Bath<br>Somerset<br>BA2 1LX

One Stop Convenience Store
3 The Hollow
Bath
Somerset
BA2 1LX

Freehold Convenience Store Investment

  • Let to One Stop Stores Limited - a part of Tesco plc
  • Lease expires June 2027 (No Breaks)
  • June 2020 & June 2023 tenant breaks not exercised
  • Site area approximately 0.08 ha (0.19 acres)
  • Low site coverage of 35% with rear customer parking
  • Future Residential Development Potential (subject to lease and consents)
  • Popular Residential suburb. 2 miles west of Bath City Centre
  • VAT-free investment
  • Lot
    1
  • Auction
    9th May 2024
  • Rent
    £27,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £385,000
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Freehold Convenience Store Investment

  • Let to One Stop Stores Limited - a part of Tesco plc
  • Lease expires June 2027 (No Breaks)
  • June 2020 & June 2023 tenant breaks not exercised
  • Site area approximately 0.08 ha (0.19 acres)
  • Low site coverage of 35% with rear customer parking
  • Future Residential Development Potential (subject to lease and consents)
  • Popular Residential suburb. 2 miles west of Bath City Centre
  • VAT-free investment
  • Lot 1
  • Auction 9th May 2024
  • Rent £27,000 per Annum Exclusive
  • Status Sold
  • Price £385,000
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
2 miles west of Bath City Centre, 11 miles south-east of Bristol
Roads
A4, A36, A39, A367, A431
Rail
Oldfield Park Railway Station
Air
Bristol Airport
Situation

The property is located in a popular residential suburb of Bath, 2 miles west of the City Centre. The property is situated in a prominent corner location on the eastern side of The Hollow, close to its junction with Lansdown View which leads directly to the A36.

Tenure

Freehold.

Location
Miles
2 miles west of Bath City Centre, 11 miles south-east of Bristol
Roads
A4, A36, A39, A367, A431
Rail
Oldfield Park Railway Station
Air
Bristol Airport
Situation

The property is located in a popular residential suburb of Bath, 2 miles west of the City Centre. The property is situated in a prominent corner location on the eastern side of The Hollow, close to its junction with Lansdown View which leads directly to the A36.

Tenure

Freehold.

Description

The property comprises a convenience store arranged on the ground floor only. The property benefits from customer parking to the rear, accessed from Lymore Avenue.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a convenience store arranged on the ground floor only. The property benefits from customer parking to the rear, accessed from Lymore Avenue.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Floor Use Floor Areas
Approx sq m (1)
Floor Areas
(Approx sq ft) (1)
Tenant Term Rent p.a.x.
Ground Convenience Store/Ancillary
266.40
(2,867)
ONE STOP STORES LIMITED (2) (t/a One Stop Convenience Store) 10 years from 09/06/2017
£27,000
Total  
266.40
(2,867)
   
£27,000

(1) Areas provided by VOA (www.tax.service.gov.uk/business-rates)
(2) One Stop Stores Limited have been a subsidiary of Tesco since 2003 and trade from over 1,000 shops across the UK (www.onestop.co.uk). For the year ending 25/02/2023, One Stop Stores Limited reported a turnover of £1,171,345,000, a pre-tax profit of £15,424,000 and a net worth of £54,416,000 - a part of Tesco Plc (www.northrow.com).

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

  • Brochure
    Updated Date
    14.05.24
    File Size
    3 MB
    View PDF
  • Common Auction conditions
    Updated Date
    20.05.24
    File Size
    620 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Henry JohnHenry John +44 (0)20 7034 4860 +44 (0)7876 884 320henry.john@acuitus.co.uk
Associate AuctioneersGraham Atkinson 01494 689 603 07802 765 662gra@jaggardmacland.co.uk
Seller's Solicitors
Wedlake Bell LLP 71 Queen Victoria Street
London
EC4V 4AY
Daniel Moore 020 7539 4108dmoore@wedlakebell.com

Useful Links

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

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