Savills | Tesco Express, 40 Market Place, Bedale, DL8 1EQ | Property for sale
6,236 sq ft(579.34 sq m)
Excess of £650,000

Tesco Express, 40 Market PlaceBedale, DL8 1EQ

  • Freehold

Key features

  • Freehold convenience store investment
  • Entire building GIA - 6,236 sq ft (579 sq m)
  • Offers in excess of £650,000
  • Let to Tesco Stores Ltd until December 2022
  • Vacant possession available from the 11 December 2022

Freehold convenience store investment for sale, available with vacant possession from December 2022

About this property

  • Description
    The property comprises a three storey mid terraced building with painted rendered elevations beneath a pitched slate roof.

    Planning
    The property is Grade II Listed and is situated within the Bedale Conservation Area.

    Tenancy
    The entire property is let on a 20 year lease to Tesco Stores Limited (Company Number 00519500) expiring on 10 December 2032 at a current rent of £54,925 per annum however, Tesco have served their break notice and will be vacating on 11 December 2022. The tenant has a full repairing obligation which is subject to a schedule of condition.

    Term
    We are instructed to invite offers in excess of £650,000.

    Money Laundering Regulations
    Money laundering regulations require Savills to conduct checks upon all purchasers. Prospective purchasers will need to provide proof of identity and residence.

    Viewing
    All viewings must be made by prior appointment and under no circumstances should any direct approach be made to any of the occupational tenants staff.

Local information

  • Bedale is a market town located in the county of Yorkshire, 27 miles (43 kilometres) north of Harrogate, 36 miles south west of Middlesbrough and 38 miles (60 kilometres) north of York. The property is well connected by road with Junction 51 of the A1(M) located 1.5 miles to the north providing access to Darlington to the north and Leeds to the south.
  • The property is situated fronting Market Place, the main thoroughfare of the town adjacent to a number of national and local commercial occupiers including Costa Coffee, Barclays Bank and William Hill.

Energy performance

EPC Rating is D (79)

Available space

Floor / UnitTypeSizeStatus
GroundRetail - High Street3457 sq ftAvailable
1stRetail - High Street1593 sq ftAvailable
MezzanineRetail - High Street129 sq ftAvailable
2ndRetail - High Street1057 sq ftAvailable