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Auction Result: £650,000

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24
LOT
Tesco Express (Former ‘The
Fellowship’) 390 Filton Avenue,
Horfield, Bristol BS7 0LJ
Guide Price
£675,000 –£700,000
TO BE TESCO EXPRESS
GROSS YIELD 7.1%
© CROWN COPYRIGHT. All rights reserved. Licence
number 100040809 – Plan not to scale
SITUATION
Located at the junction with Toronto Road, adjacent to a
Co-op Food Store , opposite Corals and near William Hill ,
serving the surrounding residential area approximately 2
miles north of Bristol city centre.
PROPERTY
Forming the majority of a former Public House comprising a
Ground Floor which is to undergo alterations and shop-
fitting in due course by Tesco Stores Ltd for use as a
Convenience Store plus 2 Basements. There will also be
Customer Forecourt Parking for 6 cars accessed from
Toronto Road. In addition, there is separate rear access to
the Upper Parts.
VAT is payable in respect of this Lot
FREEHOLD
TENANCIES & ACCOMMODATION
Property
Accommodation
Lessee & Trade
Term
Ann. Excl. Rental
Remarks
£49,800
Ground Floor and
Basements
Ground Floor
Gross Frontage
Tesco Stores Ltd
(See Tenant Profile)
20 years from
27th March 2012
FRI by way of service charge
Rent Reviews 2016 and
5 Yearly to RPI, subject to a
‘collar & cap’ of 0% and 4%
Tenant’s Break 2022
50'1"
Return Frontage
116'6"
Internal Width
46'5"
Built Depth
116'6"
GIA
Approx
4,115 sq ft
Front Basement
GIA
Approx
655 sq ft
Rear Basement
GIA
Approx
850 sq ft
Total GIA
Approx 5,620 sq ft
Upper Part
Not inspected
Filton Bristol Ltd
999 years from
completion
Peppercorn
FRI by way of service charge
TOTAL
£49,800
TENANT PROFILE
Tesco operate from over 2,700 stores throughout the UK. For
Y/E 26/02/11 Tesco Stores Limited reported a Turnover of
£40.15bn, Pre-Tax Profits of £2.24bn and a Net Worth of
£6.95bn. Ultimate holding company is Tesco PLC.
£49,800 per annum
The Surveyors dealing with this property are
STEVEN GROSSMAN and JONATHAN ROSS
VENDOR’S SOLICITORS
Solomon Taylor Shaw - Tel: 020 7431 1912
Ref: S. Atkinson, Esq - Email: scott@solts.co.uk
FOR LEGAL DOCUMENTS, PLEASE REFER TO PAGE 4 OF THIS CATALOGUE
The successful Buyer will be liable to pay the Auctioneers an administration
fee of £275 (including VAT) upon exchange of contracts
 
 

Back to lot list Previous Next Printable Version Download full catalogueAddendumRequest Legal Pack & EPCTel/proxy formNotice to biddersGeneral conditions