Lot 07 18-20 High Street, Soham, Ely, CB7 5HE

Property Enquiries

Mat Harris


Property Enquiries

Simon Bailey

+44 (0) 7732 681 156

Viewing/ Registration Enquiries

BidX1 Support Team

+44 (0) 20 7703 4401

Vendor Solicitor

Ruth Boulton

01923 289 917

Property Summary
  • Convenience store investment with upper floor apartment
  • Prominently situated in the centre of Soham High Street
  • 2,145 sq ft ground floor convenience store and self-contained 2 bed apartment above
  • Let to One Stop Stores Limited (D&B 5A1 – Turnover £42bn)
  • 25 years with effect from 7 April 1999, expiring 26 December 2024 (3.5 years unexpired)
  • Current total rent of £36,000 per annum (£16.78 psf)
  • Ideal SIPP purchase opportunity
  • 8.02% Net Initial Yield
  • Tenant not in occupation



Soham is a town in east Cambridgeshire, located just off the A142 between Ely and Newmarket. The town has a population
of 10,800 at the 2011 census. 
Road links are good with the A142 providing access to Ely 5km to the north and to junction 37 of the A14 5km to the south at
Newmarket which interlinks well into the larger surrounding towns of Cambridge and Bury St Edmunds.


The property is well situated on the corner plot of Brook Dam Lane and High Street on a broadly rectangular plot.
There are various retail shops, barbers, estate agents and public houses in the vicinity with a Coop convenience store situated at the far end of the High Street.

The property comprises an end terraced retail unit with first floor flat separately accessed from Brook Dam Lane. The building is of brick construction with rendered elevations under a pitched slate roof.
The rear section of the building is a single storey extension and has a pitched roof.
The ground floor retail unit is accessed directly from High Street. The rear of the retail area is a store, kitchen, office and WC.
The upper floor provides a self-contained 2-bedroom apartment.
We have been supplied with the following areas:-


The entire property is let to One Stop Stores Limited on an FRI lease for a term of 25 years with effect from 7 April 1999, expiring 26 December 2023 (3.5 years unexpired).
The current rent of £36,000 per annum is not subject to further review.
The rent equates to just £14.45 psf, applying £5,000 per annum to the upper floor residential unit.
Tenant not in occupation

Please refer to Legal Documents
Property Table
Demised AreaSq FtSq M
Ground Floor retail1,421132.0
Ground Floor ancillary space72467.3

One Stop Stores Limited (Company Number: 02462858) is one of the country’s leading convenience retail brands and is a wholly owned subsidiary of Tesco PLC.
They trade from 850 stores around the country employing over 10,000 staff.
A summary of One Stop Stores Limited recent accounts is set out below:

One Stop Stores Limited23 Feb 201924 Feb 201825 Feb 2017
Pre-Tax Profit£28,834,000£20,141,00£18,815,000
Shareholder Funds£257,456,000£244,177,000£232,766,000

*Terms and Conditions

Buyers are strongly advised to read these terms and conditions, and check the Special Conditions and any applicable Addendum, prior to bidding on a Lot. Additional costs, charges and encumbrances may apply for Buyers once they have made a successful bid in relation to a property.

  1. The reserve price is the minimum price at which the property can be sold at auction.
  2. Where a guide price (or range of prices) is given, that guide is the minimum price at which, or range of prices within which, the seller may be prepared to sell on the date on which the guide price, or range of prices, is published. The sale price, whether prior to or at the auction, can be above or below the guide price depending upon market activity. BidX1 and the seller accept no responsibility for any losses, costs or damages incurred by a buyer as a result of relying on any guide price. The buyer must decide how much they should bid for any Lot. All guide prices are quoted subject to contract. Guide prices given by BidX1 or the seller cannot be accepted by the buyer as being a professional valuation for any purpose in accordance with the requirements or guidance notes of relevant professional bodies or other authorities.
  3. Both the guide price and the reserve price may be subject to change up to and including the day of the auction. Whilst every effort is made to ensure that these guides are not misleading, it is possible that the reserve price set for any Lot may exceed the previously quoted guide price (as the seller may fix the final reserve price just before bidding commences).
  4. The guide price for the Lot does not include the administration fee of £1,250 (inclusive of VAT) charged by BidX1. In the case of a joint agent this administration fee will be £2,400 (inclusive of VAT). In addition, the guide price does not include VAT on the sale price, or any additional costs, charges or encumbrances that might apply to some Lots and/or some buyers. The Special Conditions of Sale of the seller, and any applicable Addendum, will state if there are other costs, charges or encumbrances and whether the seller has elected to charge VAT on the sale price.
  5. To participate in the sale BidX1 must hold a minimum amount from all bidders. This participation amount and administration fee is fully refundable in the event that you are not the successful purchaser. For example, a participation fee of £4,750 comprises £3,500 relating to your bidder security (partial deposit payment) and an administration fee payable directly to BidX1. A higher participation amount may be payable depending on the reserve price of the Lot.
  6. Please note that Lots may be sold or withdrawn prior to auction.
  7. No information, statement, description, quantity or measurement contained in any sales particulars or given orally or contained in any webpage, brochure, catalogue, email, letter, report, docket or hand out issued by or on behalf of BidX1 or the seller in respect of the property shall constitute a representation or a condition or a warranty on behalf of BidX1 or the seller. Any information, statement, description, quantity or measurement so given or contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller are for illustration purposes only and are not to be taken as matters of fact. Any mistake, omission, inaccuracy or mis-description given orally or contained in any sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller shall not give rise to any right of action, claim, entitlement or compensation against BidX1 or the seller. All bidders must satisfy themselves by carrying out their own independent due diligence, inspections or otherwise as to the correctness of any and all of the information, statements, descriptions, quantity or measurements contained in any such sales particulars, webpage, brochure, catalogue, email, letter, report or hand out issued by or on behalf of BidX1 or the seller.

Contact Mat about this property