Prominent Town Centre Foodstore Investment With Annual RPI Linked Rent Reviews
Entirely let to Marks & Spencer Plc, the leading British retailer with a current market cap of £8.2 billion
Let for 20 years until January 2039 (subject to a tenant's option to break in January 2034)
Annual upward only RPI linked rent reviews subject to 0% collar and 3% cap
Approx. 1,181 sq.m. (12,713 sq.ft.) with dual access
M&S in occupation since 2007
Sole premium food retailer in town (no Waitrose)
Adjacent to the town's two principal Council operated car parks
Nearby occupiers include Boots, Specsavers, Costa, Greggs and Sainsbury's
Lot 10
Auction 26th March 2026
Rent £126,726 per Annum (£10 psf) (with annual upward only RPI linked rent reviews) (3)
Status Available
Guide* £1,500,000
Sector Retail, Supermarket/Foodhall
Auction Venue Live Streamed Auction
Property Information
Location
Miles
18 miles north-west of Shrewsbury, 66 miles north-west of Birmingham, 67 miles south-west of Manchester, 5 miles from the Welsh Border
Roads
A483, A5
Rail
Gobowen Railway Station (3 miles to the north, Shrewsbury to Chester line)
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
The property is prominently situated on Smithfield Road in the centre of Oswestry, a thriving Shropshire market town and adjacent to the town's principal Council operated car parks: Central Car Park (483 spaces) and Smithfield Street Car Park (90 spaces). Nearby occupiers include Boots, Specsavers, Costa, Greggs, Sainsbury's and a range of local independent businesses.
Tenure
Freehold.
Location
Miles
18 miles north-west of Shrewsbury, 66 miles north-west of Birmingham, 67 miles south-west of Manchester, 5 miles from the Welsh Border
Roads
A483, A5
Rail
Gobowen Railway Station (3 miles to the north, Shrewsbury to Chester line)
Air
Liverpool John Lennon Airport, Manchester Airport
Situation
The property is prominently situated on Smithfield Road in the centre of Oswestry, a thriving Shropshire market town and adjacent to the town's principal Council operated car parks: Central Car Park (483 spaces) and Smithfield Street Car Park (90 spaces). Nearby occupiers include Boots, Specsavers, Costa, Greggs, Sainsbury's and a range of local independent businesses.
Tenure
Freehold.
Description
The property is a purpose built foodstore comprising an M&S foodhall with bakery and click and collect on the ground floor and ancillary accommodation on the first floor. The store has a main customer entrance on Smithfield Street and a secondary access to the rear leading to Smithfield Street car park. The store is serviced through a service yard to the side of the property.
VAT
VAT is applicable to this lot.
EPC
C51.
Description
The property is a purpose built foodstore comprising an M&S foodhall with bakery and click and collect on the ground floor and ancillary accommodation on the first floor. The store has a main customer entrance on Smithfield Street and a secondary access to the rear leading to Smithfield Street car park. The store is serviced through a service yard to the side of the property.
VAT
VAT is applicable to this lot.
EPC
C51.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m (Gross Internal)
Floor Areas Approx sq ft (Gross Internal)
Tenant
Term
Rent p.a.x.
Rent Reviews
Ground and First
Supermarket
1,181.00
(12,713)
MARKS & SPENCER PLC t/a M&S Foodhall (1)
20 years from 03/01/2019 until 02/01/2039 (2)
£126,726 (3)
03/01/2027 and annual thereafter
Total
1,181.00
(12,713)
£126,726
N.B. The above floor areas have been provided by the Vendor. (1) Marks and Spencer Plc have a current market capitalisation of £8.2 billion. For the year ending 29th March 2025, they reported pre-tax profits of £511.8 million and on a turnover of £13.9 billion. M&S Plc - https://corporate.marksandspencer.com/about-us/key-facts-figures. (2) The lease provides for a tenant option to determine the lease on 03/01/2034 with 6 month's notice. (3) The lease is subject to annual upward only RPI linked rent reviews subject to 0% and 3% collar and cap - please see lease.
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.
