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
    11/Dec/2019
  • Rent
    £20,000 per Annum Exclusive
  • Status
    Available
  • Price*
    £275,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 3A St Peter’s Rise<br>Bishopsworth<br>Bristol<br>BS13 7LU
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  • Map

* More information on the term "price" can be found here

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.

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.

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
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)£20,0005 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 £500 plus VAT (£600 inclusive of VAT) buyer's administration charge payable to Acuitus Limited

Property Documents

  • Solicitors Legal Pack
    Updated Date
    05.12.19
    File Size
    11 MB
    Login to View
  • Catalogue Page
    Updated Date
    20.11.19
    File Size
    851 KB
    View PDF
  • Site Plan
    Updated Date
    20.11.19
    File Size
    967 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
Georgina RobertsGeorgina Roberts +44 (0)20 7034 4863 +44 (0)7899 877 224georgina.roberts@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Associate Auctioneers
Rapleys LLP 33 Jermyn Street
London
SW1Y 6DN
020 7439 7678
Jonny Doulton (020) 7255 8099jonny.doulton@rapleys.com
Seller's Solicitors
Hugh James Solicitors Hodge House, 114 - 116 St. Mary Street
Cardiff
CF10 1DY
James Guile 02922 675 400james.guile@hughjames.com

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