This page contains a Flash digital edition of a book.
Tesco Express and Sue Ryder, 14 Whittlesey Road, Stanground, Peterborough, Cambridgshire PE2 8RJ


Location Estimated District Population: 170,000 Miles: 40 miles north-west of Cambridge 45 miles east of Leicester


Roads: A1(M), A15, A47, A605, A1139


Position The property is located in a prominent position on the southern side of Whittlesey Road (A605) at its junction with Desborough Avenue approximately 2 miles south-east of the City Centre.


Nearby: Post Office, Co-Op Pharmacy and a number of local occupiers


Present Accommodation (approximate areas) Floor


Accommodation Ground Ground Net Internal Areas Tenant


Sales/Ancillary 359.52 sq m (3,870 sq ft) TESCO STORES LIMITED (1)


Sales/Ancillary 77.57 sq m (835 sq ft) SUE RYDER (3) Total Commercial Area 437.09 sq m (4,705 sq ft) Term


15 years from 12th April 2010 with RPI rent reviews (2) in 2015 and 2020


10 years from 22nd December 2011 with a rent review and tenant break option in 2016


Total Rent


Rent £ p.a. £48,000


£13,000 £61,000


(1) Tesco trade from about 2,700 stores and for the year to 02/11, Tesco Stores Ltd reported a turnover of £40.1 billion, pre-tax profits of £2.2 billion and total assets of £17.8 billion. (Source: www.tescoplc.com and One Source One-Stop Report)


(2) The lease incorporates upward only rent reviews based on the RPI index which is capped at 4% and collared at 1% – please see lease. (3) Sue Ryder are a national charity with about 350 outlets, who for the year to 03/11, reported a total turnover of £80 million, pre-tax profits of £2 million and total assets of £53.1 million. (Source: One Source One-Stop Report)


NB. Tesco Stores Ltd carried out alterations to the property for the landlord and the Vendor has agreed to make an allowance on completion for the money equal to the outstanding cost – please see legal documentation.


Description CONVENIENCE STORE and SHOP arranged on the ground floor. The property benefits from a large site incorporating parking for about 26 vehicles.


Tenure Freehold.


VAT is not applicable to this lot. Rent £61,000 pa


Prominent Freehold Convenience Store and Retail Investment


• Part let to Tesco Stores Limited until April 2025 (No Breaks) with RPI Rent reviews (collared and capped at 1% and 4%)


• Part let to Sue Ryder until December 2021 (subject to option)


• 26 car spaces and possible further development (subject to leases and consents)


• VAT- free investment and 6Week Completion Available


The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Sloan PlumbWood LLP. t: 01733 302410. e: nick.plumb@spw-law.co.uk Ref: N Plumb Esq. Joint Auctioneers Barker Storey Matthews. t: 01733 897722. e: raj@bsm.uk.com Ref: R Jones Esq.


19 For identification purposes only – please see title documentation.


Extract reproduced from the Ordnance Survey mapping with the permission of The Controller of Her Majesty’s Stationery Office © Crown copyright ES 755990


LOT 10


WHITTLESEY ROAD (A605)


TESCO EXPRESS


SUE RYDER


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88