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Wurzel Of Highbridge

Tesco Selling Car Parks

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Tesco a flogging off a carpark,

Is it possible that in the near future they will be flogging off more of their land banks?

I think it may be related to a planning issue.

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Hmm, perhaps we will see some distresses selling once Pound Land has undercut all of Tescos stock.

From memory Tesco's last results were not so good, losing lots of market share to ALDI, LIDL and Pound Land.

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At that price it sounds as if it can't be used for anything but a Tesco car park?? but presumably any new owner can negotiate a regular fee from Tesco for the supply of car park facilities for the supermarket.

Then there's the possibility of the car park owner trying to earn extra income from things like having time limits on how long customers can park and attempting to "fine/charge" people who stay longer than the limit.

Apparently lots of supermarkets don't do the day to day running of their attached car parks even though it's possible they still own the land (or don't own the land - as the case may be).

Edited by billybong

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Maybe Tesco don't currently own it, and the current owners realise they can't get away with the high profit PPC model of 'fining' (sorry, charging) people to park anymore. Maybe it is not feasible to put up ANPR cameras as it's a small site?

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Full details here

http://www.lshauctions.co.uk/lot-listing.aspx?lid=3062&ClientID=13

It looks as though it's the council selling it off - towards the bottom of the particulars

"Seller's Solicitors

Herefordshire Council (Gurbinder Sangha)

01432 260266

gurbinder.sangha@herefordshire.gov.uk"

Herefordshire Council, you will note, despite the description at the top claiming Hereford is in Worcestershire. Estate agents, eh?

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  • 239 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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