Pharmacy let to Day Lewis plc (UK’s largest independent pharmacy chain, see note 1) until 2022 (no breaks)
Situated opposite a large medical practice
Prominent position fronting busy main road
Six Week Completion
Lot 29
Auction 13th February 2014
Rent £20,050 per Annum Exclusive
Status Sold
Price £262,000
Sector Medical/Healthcare
Auction Venue The Millennium Hotel 44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
1 mile north-west of Ipswich town centre, 20 miles north-east of Colchester, 74 miles north-east of London
Roads
A14, A12
Rail
Ipswich Railway Station (1 hour 10 minutes to London Liverpool Street)
Air
London Stansted Airport
Situation
The property is located in a largely residential area north of the town centre, situated in a prominent position on the eastern side of Norwich Road (A1155) at its junction with Ashcroft Road. Norwich Road is a busy route from the A14 leading south into the heart of Ipswich town centre.
Tenure
Freehold.
Location
Miles
1 mile north-west of Ipswich town centre, 20 miles north-east of Colchester, 74 miles north-east of London
Roads
A14, A12
Rail
Ipswich Railway Station (1 hour 10 minutes to London Liverpool Street)
Air
London Stansted Airport
Situation
The property is located in a largely residential area north of the town centre, situated in a prominent position on the eastern side of Norwich Road (A1155) at its junction with Ashcroft Road. Norwich Road is a busy route from the A14 leading south into the heart of Ipswich town centre.
Tenure
Freehold.
Description
The property comprises an NHS licensed pharmacy and ancillary accommodation on the ground floor with a self-contained residential flat on the first floor. The property benefits from being located directly opposite a large medical practice at 1 Debden Road and from car parking at the front of the property and a rear garden.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises an NHS licensed pharmacy and ancillary accommodation on the ground floor with a self-contained residential flat on the first floor. The property benefits from being located directly opposite a large medical practice at 1 Debden Road and from car parking at the front of the property and a rear garden.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews
Ground
Pharmacy/ Ancillary
58.50 sq m
(630 sq ft)
DAY LEWIS PLC (on assignment) (1)
15 years from 07/11/2007 until 2022 on a full repairing and insuring lease
£20,000
07/11/2017
First
Residential Flat
48.00 sq m
(517 sq ft)
INDIVIDUAL
99 years from 25/03/1991
£50
25/03/2024 (2)
Totals
106.50 sq m
(1,147 sq ft)
£20,050
(1) Day Lewis plc was incorporated on 7th March 2007 and is the UK’s largest independent pharmacy chain operating over 200 pharmacies predominently in the south of the UK. Day Lewis is now the largest chain of independent pharmacies throughout the UK and Europe. For more information see www.daylewisplc.co.uk (2)The lease provides for the rent to be increased to £100 p.a.x. from 25th March 2024.
