*Guide | £125,000 - £150,000 (plus fees)
- Commercial Property
- 3 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
A valuable commercial investment currently let to One Stop Shops. Income currently £13,000 pa (holding over)
This prominent commercial investment property is currently occupied on a rolling tenancy producing £13,000 pa, There has however been an agreement to create a new 15 year lease with a new rent agreed of £15,500 pa. This has not been finalised and purchasers would need to pick up with these negotiations following purchase. This property comprises a ground floor convenience store, totalling approximately 141 sqm (1,510 sq ft) and a self contained three bedroom flat above. The property is entirely let to One Stop Stores Limited, a subsidiary of Tesco Plc since 2003. It is situated in a predominantly residential area, benefits from off-street car parking to the front.
Tenure
Freehold
Accommodation
One Stop convenience Store including storage. First floor flat comprising hall, kitchen, lounge, inner hall, three bedrooms, bathroom.
VAT
VAT is not applicable to this lot.
Tenancy Information
One Stop Community Stores Ltd are wholly owned by Tesco plc (www.onestop.co.uk) Lease Length 15 years from 1 March 2009 until 28 February 2024.
Business Rates and Council Tax
Business Rates: 1 April 2023 to present: £9,900 Council Tax: A
Energy Efficiency Rating (EPC)
Current Rating B, E
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Suffolk Coastal District Council
Solicitors
Spire Solicitors LLP (Norwich), Ref: Charlotte Wright
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 inc VAT payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
