A Tesco Extra store located in West Drayton is set to be auctioned off to the highest bidder. The store, situated at 223 Station Road, is being offered with a guide price of £1.3m-£1.4m.
Currently, the entire building is leased to Tesco and generates an annual income of £88,772. There is a rent review scheduled for 2026 which could potentially increase the rental income for the new owner.
The property consists of the ground floor store, along with empty first and second floors. Additionally, there is off-street parking available for up to 17 customers, providing convenience for shoppers.
Interested buyers can participate in the Acuitus auction scheduled for November 7 at 1pm. The auction will be live-streamed on the Acuitus website, allowing bidders to participate online, by telephone, or through a proxy.
This auction presents a unique opportunity for investors looking to acquire a prime commercial property with a reliable tenant in place. With the potential for increased rental income in the future, this property could offer a promising return on investment.
The location of the Tesco Extra store in West Drayton is highly desirable, attracting a steady flow of customers due to its convenient location. The inclusion of off-street parking further enhances the appeal of this property, making it an attractive investment opportunity.
As the auction date approaches, interested parties are encouraged to gather more information about the property and participate in the bidding process. The live-streamed auction provides a convenient way for bidders to take part in the event from anywhere, ensuring a fair and transparent bidding process.
In conclusion, the upcoming auction of the Tesco Extra store in West Drayton presents a lucrative investment opportunity for potential buyers. With a reliable tenant in place and the possibility of increased rental income in the future, this property is sure to attract interest from investors looking to expand their commercial property portfolio. Don’t miss out on this chance to acquire a prime retail property in a sought-after location.
