Let on a recently renewed 10 lease from September 2023 (no breaks)
Rent increased from £20,000 p.a.x. on renewal
Let as convenience store (with personal guarantee)
VAT free investment
Attractive North Yorkshire town
Nearby occupiers include Sainsbury's, Cancer Research, Greggs, JD Wetherspoon, Yorkshire Building Society and Poundland
Lot 28
Auction 27th March 2025
Rent £24,000 per Annum Exclusive
Status Sold
Price £215,000
Sector High Street Retail, Supermarket/Convenience
Auction Venue Live Streamed Auction
Property Information
Location
Miles
19 miles east of Leeds, 12 miles south of York
Roads
A19, A63
Rail
Selby Railway Station
Air
Leeds/Bradford Airport
Situation
The property is situated on the north side of Gowthorpe, a busy retailing thoroughfare in the heart of the town centre, a short walk from Selby Railway Station and with a public car park immediately to the rear. Nearby occupiers include Sainsbury's, Greggs, JD Wetherspoon, Yorkshire Building Society and Poundland.
Tenure
Freehold.
Location
Miles
19 miles east of Leeds, 12 miles south of York
Roads
A19, A63
Rail
Selby Railway Station
Air
Leeds/Bradford Airport
Situation
The property is situated on the north side of Gowthorpe, a busy retailing thoroughfare in the heart of the town centre, a short walk from Selby Railway Station and with a public car park immediately to the rear. Nearby occupiers include Sainsbury's, Greggs, JD Wetherspoon, Yorkshire Building Society and Poundland.
Tenure
Freehold.
Description
The property comprises a convenience store arrange on the ground and first floor.
VAT
VAT is not applicable to this lot.
EPC
D99
Description
The property comprises a convenience store arrange on the ground and first floor.
VAT
VAT is not applicable to this lot.
EPC
D99
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review
Ground First
Convenience Store Ancillary
174.29 31.37
(1,876) (337)
G POINT20 LIMITED t/a Super Fresh with personal guarantee (2)
10 years from 30/09/2023
£24,000
30/09/2029 28/09/2033
Total
205.66
(2,213)
£24,000
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). (2) A rent deposit of £6,000 is held by the Landlord.
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.
