Freehold Convenience Store and Residential Investment
Retail Let to Tesco Stores Limited on a new 15 year lease until 2039 (Subject to Option)
Situated in popular neighbourhood precinct
Includes income Producing Residential Maisonette
Adjacent to Primary School
Lot 24
Auction 26th March 2026
Rent £87,030 per Annum Exclusive
Status Available
Guide* Contact Us
Sector Supermarket/Convenience, Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
2 miles north of Luton City Centre, 30 miles north of Central London, 15 miles southeast of Milton Keynes, 35 miles east of Oxford
Roads
A5, A6, M1
Rail
Leagrave Railway Station, Luton Railway Station
Air
London Luton Airport
Situation
The property forms part of an busy, established local shopping precinct, 2 miles north of Luton City Centre. The immediate surroundings are predominantly residential with numerous neighbouring local retailers. The precinct has an eclectic mix of local occupiers trading as a Pharmacy, Post Office, Barber Shop, Butchers, Off Licence and Restaurant.
Tenure
Freehold.
Location
Miles
2 miles north of Luton City Centre, 30 miles north of Central London, 15 miles southeast of Milton Keynes, 35 miles east of Oxford
Roads
A5, A6, M1
Rail
Leagrave Railway Station, Luton Railway Station
Air
London Luton Airport
Situation
The property forms part of an busy, established local shopping precinct, 2 miles north of Luton City Centre. The immediate surroundings are predominantly residential with numerous neighbouring local retailers. The precinct has an eclectic mix of local occupiers trading as a Pharmacy, Post Office, Barber Shop, Butchers, Off Licence and Restaurant.
Tenure
Freehold.
Description
The property comprises a substantial ground floor supermarket and four self-contained maisonettes on the first and second floors separately accessed to the rear of the property. The property also benefits from the use of a service road to the rear for unloading and public car parking at the forefront with approximately 80 spaces.
VAT
VAT is applicable to this lot.
EPC
Flat 82: D, Flat 84: D, Flat 88: C and Tesco: D
Description
The property comprises a substantial ground floor supermarket and four self-contained maisonettes on the first and second floors separately accessed to the rear of the property. The property also benefits from the use of a service road to the rear for unloading and public car parking at the forefront with approximately 80 spaces.
VAT
VAT is applicable to this lot.
EPC
Flat 82: D, Flat 84: D, Flat 88: C and Tesco: D
Tenancy & Accommodation
Address
Floor
Use
Floor Areas Approx sq m (1)
Floor Areas Approx sq ft (1)
Tenant
Term
Rent p.a.x.
Rent Review (Reversion)
58-60 Calverton Road
Ground
Supermarket
559.10
(6,018)
TESCO STORES LIMITED (CRN: 00519500) (2)
15 years from 27/08/2024
£75,000
27/08/2029, 27/08/2034 (3) (26/08/2039)
84 Calverton Road
First Second
Maisonette Maisonette
Not measured Not measured
(-) (-)
AN INDIVIDUAL
Let on an Assured Shorthold Tenancy
£12,000 (4)
-
82 Calverton Road
First Second
Residential Residential
Not measured Not measured
(-) (-)
AN INDIVIDUAL
250 years from 27/10/1985
£30
(26/10/2235)
86 Calverton Road
First Second
Residential Residential
Not measured Not measured
(-) (-)
AN INDIVIDUAL
250 years from 16/12/1985
£30
(15/12/2235)
88 Calverton Road
First Second
Residential Residential
Not measured Not measured
(-) (-)
AN INDIVIDUAL
125 years from 07/05/1981
£30
(06/06/2106)
Total Approximate Commercial Floor Areas
559.10
(6,018)
£87,090
(1) The commercial floor areas stated above are those published by the Valuation Office Agency (https://www.gov.uk/find-business-rates) (2) Tesco is the UK's largest retailer with almost 3,000 stores and 330,000 employees in the UK (https://www.tescoplc.com/about). For the year ending 22/02/2025, Tesco Stores Limited reported a turnover of £50,837,000,000, a pre-tax profit of £1,660,000,000 and net assets of £5,126,000 (Source: Annual Report as Published on Companies House: 17/02/2026). (3) The lease provides for a Tenant option to determine the lease on 26/08/2034, subject to serving six months' notice. (4) As to the maisonette at 84 Calverton Road, the rent shown above has been annualised.
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.
