Let to One Stop Stores Limited until January 2036 (subject to option)
January 2026 break not exercised
Approx. Commercial Floor Area 283.63 sq m (3,053 sq ft)
Site area of Approx. 0.14 Ha (0.34 Acres)
On site customer parking for approx. 11 cars.
Long term development potential (subject to consents)
Approximately 1 miles from Bognor Regis Town Centre
Lot 6
Auction 11th December 2025
Rent £35,000 per Annum Exclusive Imminent rent review in Jan 2026 - notice served at £55,000 p.a.x. (4)
Status Sold
Price £601,000
Sector Supermarket/Convenience
Auction Venue Live Streamed Auction
Property Information
Location
Miles
17 miles east of Portsmouth, 23 miles west of Brighton?
Roads
B2166, A259, A27
Rail
Bognor Regis Railway Station
Air
London Gatwick Airport
Situation
The property is situated on Aldwick Street, in an established densely populated residential area approximately 1 mile west of Bognor Regis town centre. The immediate vicinity provides a selection of local retailers servicing the wider residential area.
Tenure
Freehold.
Location
Miles
17 miles east of Portsmouth, 23 miles west of Brighton?
Roads
B2166, A259, A27
Rail
Bognor Regis Railway Station
Air
London Gatwick Airport
Situation
The property is situated on Aldwick Street, in an established densely populated residential area approximately 1 mile west of Bognor Regis town centre. The immediate vicinity provides a selection of local retailers servicing the wider residential area.
Tenure
Freehold.
Description
The property comprises a substantial convenience store on the ground floor currently benefiting from the operation of an ATM cash machine and a customer car park for approx. 11 cars. The first floor is currently unused and access via a hatch.
In addition, there is a strip of land to the rear of the site, formerly used as a beer garden, included within the sale and currently not demised to the tenant.
The entire property benefits from a site area of 0.14 Ha (0.34 Acres) with a site coverage of 30% and may be suitable for longer term redevelopment subject to consents.
VAT
VAT is applicable to this lot.
Planning
The property is not currently listed on the Arun District Council's list of Assets of Community Value (ACV).
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a substantial convenience store on the ground floor currently benefiting from the operation of an ATM cash machine and a customer car park for approx. 11 cars. The first floor is currently unused and access via a hatch.
In addition, there is a strip of land to the rear of the site, formerly used as a beer garden, included within the sale and currently not demised to the tenant.
The entire property benefits from a site area of 0.14 Ha (0.34 Acres) with a site coverage of 30% and may be suitable for longer term redevelopment subject to consents.
VAT
VAT is applicable to this lot.
Planning
The property is not currently listed on the Arun District Council's list of Assets of Community Value (ACV).
EPC
The EPC will be available to view online in the solicitor’s legal pack.
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 Unused
283.65 -
(3,053) -
ONE STOP STORES LIMITED t/a One Stop (2)
15 years from 25/01/2021 until 24/01/2036 (3)
£35,000
25/01/2026 25/01/2031 (4)
Land
Former Beer Garden
0.03 Ha
(0.06 Acres)
VACANT
-
-
-
Total Approximate Commercial Floor Area
283.65
(3,053)
£35,000
(1) The floor areas shown above are those published by the Valuation Office Agency (https://www.tax.service.gov.uk/business-rates-find/valuations/start/35503155). (2) One Stop Stores Limited have been a subsidiary of Tesco plc since 2003 and trade from over 1,000 shops across the UK (www.onestop.co.uk). For the year ending 24/02/2024, One Stop Stores Limited (CRN: 02462858) reported a Revenue of £1,297,556,000, a pre-tax profit of £22,072,000 and shareholders funds of £163,663,000 (Source: Annual Report and Financial Statements as published at Companies House (06/11/2025). (3) The lease provides for a Tenant option to determine on 25/01/2031 upon serving 3 months notice. (4) In relation to the 25/01/2026 rent review, the landlord has served notice on the tenant to settle the review at £55,000 pa. A copy of the rent review notice is available within the legal pack.
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.
