3A St Peter’s Rise Bishopsworth Bristol BS13 7LU

3A St Peter’s Rise
Bishopsworth
Bristol
BS13 7LU

Freehold Pharmaceutical Investment

Entirely let to AMG Healthcare Limited guaranteed by Ashchem Limited on a 15 year lease from completion (no breaks)
5 yearly compounded RPI-indexed Rent Reviews (capped at 3% per annum and collared at 1% per annum)
First floor currently being converted to a 3 bedroom flat
Residential location in a popular suburb of Bristol
Opposite Manor Woods Valley as well as Bishopsworth Library

Lot
32
Auction
11th December 2019
Rent
£20,000 per Annum Exclusive
Status
Sold
Price
£368,000
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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Freehold Pharmaceutical Investment

Entirely let to AMG Healthcare Limited guaranteed by Ashchem Limited on a 15 year lease from completion (no breaks)
5 yearly compounded RPI-indexed Rent Reviews (capped at 3% per annum and collared at 1% per annum)
First floor currently being converted to a 3 bedroom flat
Residential location in a popular suburb of Bristol
Opposite Manor Woods Valley as well as Bishopsworth Library

Lot 32
Auction 11th December 2019
Rent £20,000 per Annum Exclusive
Status Sold
Price £368,000
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 3 miles south-west of Bristol city centre; 13 miles west of Bath
Roads: A37, A38, M4, M5, M32
Rail: Bristol Parsons Street
Air: Bristol Airport

Situation

Bishopsworth is a suburb of Bristol, located some 3 miles south-west of the city centre. The property is located on the south side of St Peter's Rise, in a predominantly residential location half a mile east of Bridgwater Road (A38), which is one of Bristol's main arterial routes to the city. The property is opposite Manor Woods Valley as well as Bishopsworth Library, with a number of other local occupiers nearby.

Tenure

Freehold.

Location

Miles: 3 miles south-west of Bristol city centre; 13 miles west of Bath
Roads: A37, A38, M4, M5, M32
Rail: Bristol Parsons Street
Air: Bristol Airport

Situation

Tenure

Freehold.

Description

The property comprises a substantial, prominent building arranged as a ground floor pharmacy with ancillary accommodation above, which forms part of a parade. The first floor is currently being converted to a 3 bedroom flat accessed from the rear of the property. The property also benefits from parking for 2 cars.

VAT

VAT is not applicable to this lot.

EPC

Band C. See legal pack at acuitus.co.uk.

Description

VAT

VAT is not applicable to this lot.

EPC

Band C. See legal pack at acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground First	Retail Ancillary	76.08 sq m 71.12 sq m	(818 sq ft) (765 sq ft)	AMG HEALTHCARE LIMITED t/a Avicenna Pharmacy with a guarantee from ASHCHEM LIMITED (1)	15 years from completion of the sale on a full repairing and insuring lease (2)	£20,000	5 yearly RPI linked reviews (capped at 3% pa and collared at 1% pa)
Total		147.20 sq m	(1,583 sq ft)			£20,000

(1) For the year ending 31st July 2018, AMG Healthcare Limited reported a turnover of £22,769,000, pre-tax profits of £1,015,000 and total assets less current liabilities of £19,807,000 (Source: Companies House). For the year ending 31st July 2018, Ashchem Limited reported a turnover of £14,327,513, pre-tax profits of £1,215,058 and total assets less current liabilities of £8,742,704 (Source: Companies House 14/11/2019).
(2) The lease provides for tenant option to extend the lease for a further 10 years.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.