One Stop Convenience Store, Brockenhurst Road Ascot Berkshire SL5 9DN

  • One Stop Convenience Store, Brockenhurst Road<br>Ascot<br>Berkshire<br>SL5 9DN

One Stop Convenience Store, Brockenhurst Road
Ascot
Berkshire
SL5 9DN

Convenience Store Investment

  • Let to One Stop Stores Ltd (wholly owned by Tesco) on a New Lease until May 2038 (No Breaks)
  • 5 Yearly Rent Reviews Linked to the Consumer Price Index (CPI) Subject to a Minimum of 1% Per Annum Compounded and a Maximum of 3% Per Annum Compounded
  • Substantial Ground Floor Convenience Store with Significant Frontage
  • Total Floor Area of Approx. 239.04 sq m (2,573 sq ft) with Parking for 8 Cars
  • Prominent Location in Highly Affluent Area
  • VAT Free Investment
  • Lot
    13
  • Auction
    9th July 2024
  • Rent
    £47,500 per Annum Exclusive
  • Status
    Available
  • Guide*
    Contact Us
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

Convenience Store Investment

  • Let to One Stop Stores Ltd (wholly owned by Tesco) on a New Lease until May 2038 (No Breaks)
  • 5 Yearly Rent Reviews Linked to the Consumer Price Index (CPI) Subject to a Minimum of 1% Per Annum Compounded and a Maximum of 3% Per Annum Compounded
  • Substantial Ground Floor Convenience Store with Significant Frontage
  • Total Floor Area of Approx. 239.04 sq m (2,573 sq ft) with Parking for 8 Cars
  • Prominent Location in Highly Affluent Area
  • VAT Free Investment
  • Lot 13
  • Auction 9th July 2024
  • Rent £47,500 per Annum Exclusive
  • Status Available
  • Guide* Contact Us
  • Sector
    Supermarket
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
25 Miles west of Central London, 12 miles north of Guildford, 13 miles east of Reading, 8 miles south of Slough
Roads
M3, M25, A329
Rail
Ascot Railway Station
Air
London Heathrow Airport
Situation

Ascot is a highly affluent Berkshire town, most notable for being home to the world famous Ascot Racecourse and its vibrant High Street. Ascot benefits from excellent communications via the A329, A332 and A30 additionally with the M3 and M25 situated some 5 miles to the east. Ascot Railway Station provides a regular direct service to London Waterloo (57 mins). The property is conveniently located on the junction of Oliver Road, Station Hill and Brockenhurst Road, well situated to service the wider residential area.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn ground rent.

Location
Miles
25 Miles west of Central London, 12 miles north of Guildford, 13 miles east of Reading, 8 miles south of Slough
Roads
M3, M25, A329
Rail
Ascot Railway Station
Air
London Heathrow Airport
Situation

Ascot is a highly affluent Berkshire town, most notable for being home to the world famous Ascot Racecourse and its vibrant High Street. Ascot benefits from excellent communications via the A329, A332 and A30 additionally with the M3 and M25 situated some 5 miles to the east. Ascot Railway Station provides a regular direct service to London Waterloo (57 mins). The property is conveniently located on the junction of Oliver Road, Station Hill and Brockenhurst Road, well situated to service the wider residential area.

Tenure

Virtual Freehold. Held for a term of 999 years from completion of the sale at a fixed peppercorn ground rent.

Description

The property comprises a substantial ground floor convenience store with a prominent corner frontage and with the benefit of car parking for 8 cars.

VAT

VAT is not 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 ground floor convenience store with a prominent corner frontage and with the benefit of car parking for 8 cars.

VAT

VAT is not 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. Review/(Reversion)
Ground Convenience Store
239.04
(2,573)
ONE STOP STORES LIMITED (CRN: 02462858)
(1)
15 years from 24/05/2023
(2)
£47,500
24/05/2028
24/05/2033
(23/05/2038)
Rent reviews linked to Consumer Price Index (CPI) (3)
Total Approximate Commercial Floor Area  
239.04
(2,573)
   
£47,500
 

(1) One Stop Stores Limited (CRN: 02462858) 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 (CRN: 02462858 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).
(2) The lease is outside of the security of tenure provisions of the Landlord and Tenant Act 1954.
(3) The lease provides for the rent to be reviewed 5 yearly and linked to the Consumer Price Index (CPI) subject to a minimum of 1% per annum compounded and a maximum of 3% per annum compounded.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+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
    25.06.24
    File Size
    25 MB
    Login to View
  • Brochure
    Updated Date
    12.07.24
    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
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
Associate AuctioneersEli Younger 0208 089 0953eliy@Koopmans.co.uk
Seller's Solicitors
Asserson 137-139 Brent Street
London
London
NW4 4DJ
Joshua Felberg 0207 173 1920joshua.felberg@asserson.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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