76 High Street, Bidford-on-Avon, Alcester, Warwickshire, B50 4AD

For Sale by private treaty.

Offers in excess of £280,000 is sought for the Freehold interest, subject to the existing tenancy.

A Freehold Retail Investment Opportunity Let To National Covenant

The property comprises a large open plan convenience store, let to One Stop Stores Limited and fitted out to the usual corporate style. The single storey property extends to 1,821 sq. ft. (169.29 sq m) and incorporates a large trading area with ancillary & staff facilities beyond. There is rear access for deliveries accessed via Honeybourne Road.

Location
The property occupies a prominent corner position at the junction of High Street and Honeybourne Road, in much sought after Bidford-on-Avon.
Bidford is a thriving village on the banks of the River Avon with several pubs, cafes, shops and restaurants.
Situated just seven miles away is Stratford-upon-Avon providing fine shopping, cultural, sporting and recreational facilities including the Royal Shakespeare Theatres, Shakespeare's birthplace and National Hunt Race Course.
The village lies within close reach of other centres including Broadway and the North Cotswold Hills, Evesham, Worcester, Birmingham and Warwick/Leamington Spa, whilst there are train services to London from Honeybourne Station, five miles away.

Tenure
Freehold, subject to the existing tenancies

Tenancy
The entire property is let to One Stop Community Stores Limited ( wholly owned by Tesco Plc) for a term of ten year from 18/3/2021, expiring 18/3/2031. There is a rent review at 19/3/2026 and the passing rent is £17,500 per annum.

One Stop Community Stores Ltd are wholly owned by Tesco plc. and is one of the country's leading convenience retail brands and is a wholly owned subsidiary of Tesco PLC. They trade from over 1,000 stores around the country employing over 10,000 staff. One Stop Stores Limited has an annual turnover in excess of £1bn and Shareholders funds of £263m.

VAT
We are advised that VAT is not applicable.

Business Rates
Current rateable value (1 April 2023 to present) - £13,750

EPC
Available upon request.

Legal Costs
Each party is to be responsible for their own legal costs that may be incurred in this transaction.

Anti Money Laundering
In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser.