Co-Op Convenience Store & Café 29 Amberside Drive Worcester Worcestershire WR4 9DA

  • Co-Op Convenience Store & Café<br>29 Amberside Drive<br>Worcester<br>Worcestershire<br>WR4 9DA

Co-Op Convenience Store & Café
29 Amberside Drive
Worcester
Worcestershire
WR4 9DA

Freehold Convenience Store and Retail Investment

  • Convenience Store let to Kenmare Estates Limited until June 2036 (No breaks)
  • Guaranteed by The Midcounties Co-operative Limited
  • Retail unit trading as Lakeside Cafe
  • The property benefits from around 18 car parking spaces to the front and rear
  • Long Term Redevelopment Potential (Subject to Consent)
  • Comprising a total of 6,553 sq ft on approximate site area 0.48 acres (0.19 hectares)
  • Low site coverage of 30%
  • Popular Residential suburb. 2 miles east of Worcester City Centre
  • Lot
    13
  • Auction
    9th May 2024
  • Rent
    £64,000 per Annum Exclusive
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

Freehold Convenience Store and Retail Investment

  • Convenience Store let to Kenmare Estates Limited until June 2036 (No breaks)
  • Guaranteed by The Midcounties Co-operative Limited
  • Retail unit trading as Lakeside Cafe
  • The property benefits from around 18 car parking spaces to the front and rear
  • Long Term Redevelopment Potential (Subject to Consent)
  • Comprising a total of 6,553 sq ft on approximate site area 0.48 acres (0.19 hectares)
  • Low site coverage of 30%
  • Popular Residential suburb. 2 miles east of Worcester City Centre
  • Lot 13
  • Auction 9th May 2024
  • Rent £64,000 per Annum Exclusive
  • Status Available
  • Guide* Contact Us
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
25 miles south-west of Birmingham, 27 miles north of Cheltenham, 60 miles north-east of Bristol
Roads
A38, A44, A449, A4440, M5 (Junction 6)
Rail
Worcester Foregate Street, Worcester Shrub Hill Train Stations
Air
Birmingham Airport
Situation

Worcester is a popular Cathedral and University City located 25 miles south-west of Birmingham, 27 miles north of Cheltenham and 60 miles north-east of Bristol. The property is prominently located on the east side of Ambleside Drive, close to its junction with Trout Beck Drive, situated in a predominantly residential area. The property benefits from excellent communication links being within close proximity to A44 and M5 (Junction 6), which links to M42 and M50 motorways. Nearby occupiers include Domino's, Coral and a number of independent traders.

Tenure

Freehold.

Location
Miles
25 miles south-west of Birmingham, 27 miles north of Cheltenham, 60 miles north-east of Bristol
Roads
A38, A44, A449, A4440, M5 (Junction 6)
Rail
Worcester Foregate Street, Worcester Shrub Hill Train Stations
Air
Birmingham Airport
Situation

Worcester is a popular Cathedral and University City located 25 miles south-west of Birmingham, 27 miles north of Cheltenham and 60 miles north-east of Bristol. The property is prominently located on the east side of Ambleside Drive, close to its junction with Trout Beck Drive, situated in a predominantly residential area. The property benefits from excellent communication links being within close proximity to A44 and M5 (Junction 6), which links to M42 and M50 motorways. Nearby occupiers include Domino's, Coral and a number of independent traders.

Tenure

Freehold.

Description

The property comprises a large site of some 0.48 acres (0.19 hectares) upon which is convenience store comprising Retail Accommodation on the ground with ancillary accommodation in the basement. The first floor has been sealed off by the tenant and is not currently accessible. The property also comprises an adjoining Retail unit currently operating as a Café. The property benefits from around 18 car parking spaces to the front and rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Description

The property comprises a large site of some 0.48 acres (0.19 hectares) upon which is convenience store comprising Retail Accommodation on the ground with ancillary accommodation in the basement. The first floor has been sealed off by the tenant and is not currently accessible. The property also comprises an adjoining Retail unit currently operating as a Café. The property benefits from around 18 car parking spaces to the front and rear.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

Band C

Tenancy & Accommodation

Unit Floor Use Floor Areas
Approx sq m
Floor Areas
(Approx sq ft)
Tenant Term Rent p.a.x. Rent Review
Unit 1 Ground
Basement
First
Convenience Store
Ancillary
Ancillary
316.60
106.70
86.00
(3,408)
(1,149)
(926)
KENMARE ESTATES LIMITED with a guarantee from THE MIDCOUNTIES CO-OPERATIVE LIMITED 20 years from 10/06/2016 (2)
£49,000
10/06/2026 and five yearly thereafter
Unit 2 Ground Café/Ancillary
99.50
(1,071)
AN INDIVIDUAL (t/a The Lakeside Cafe) 5 years from 14/10/2019
£15,000
 
Total Approximate Floor Area.    
608.80
(6,553)
   
£64,000
 

(1) For the year ending 28/01/2023, The Midcounties Co-operative Limited reported a turnover of £802,891,000, a pre-tax loss of £4,868,000 and a net worth of £120,018,000 (www.midcounties.coop/legal/corporate-info/reports--accounts/)
(2) The repairing obligations are subject to limitations - please see lease in legal pack.

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
    08.05.24
    File Size
    32 MB
    Login to View
  • Brochure
    Updated Date
    10.05.24
    File Size
    4 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
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Edward MartinEdward Martin +44 (0)20 7034 4854 +44 (0)7478 673 535edward.martin@acuitus.co.uk
Seller's Solicitors
Blackstone Solicitors The Courtyard , 7 Francis Grove, Wimbledon
London
London
SW19 4DW
Fraz Hussain 020 8971 9520f.hussain@blackstonesolicitors.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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