CONVENIENCE STORE RAISES OVER £500,000 AT AUCTION
A convenience store in Salisbury, Wilts, let to a subsidiary of Tesco, went under the hammer at an Acuitus auction for £511,000.
The store in Netherhampton Road, is let to One Stop Stores on a new 20-year lease (from January 2018) and has the benefit of future potential change of use/redevelopment subject to consent. It comprises a 1,600 sq ft unit with customer parking and a one-bed flat, all let to One Stop at an annual rent of £25,000.
HRH Retail was joint auctioneer, acting on behalf of the vendor, a private investor.