Sheppard's Pharmacy 65/66 High Street Ferndale CF43 4RR

Sheppard's Pharmacy
65/66 High Street
Ferndale
CF43 4RR

Freehold Pharmacy and Residential Investment

  • Entirely let to Avicenna Retail Limited guaranteed by Avicenna Limited on a 15 year lease from completion (no breaks)
  • 5 yearly compounded RPI-indexed Rent Reviews (capped at 3% and collared at 1%)
  • Includes two flats
  • VAT free investment
  • Nearby occupiers include Greggs, Co-op Food and Spar Convenience Store
  • Lot
    3
  • Auction
    16th June 2021
  • Rent
    £15,910 per Annum Exclusive
  • Status
    Sold
  • Price
    £220,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
Important Update
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* More information on the term "guide" can be found here

Freehold Pharmacy and Residential Investment

  • Entirely let to Avicenna Retail Limited guaranteed by Avicenna Limited on a 15 year lease from completion (no breaks)
  • 5 yearly compounded RPI-indexed Rent Reviews (capped at 3% and collared at 1%)
  • Includes two flats
  • VAT free investment
  • Nearby occupiers include Greggs, Co-op Food and Spar Convenience Store
  • Lot 3
  • Auction 16th June 2021
  • Rent
  • Status Sold
  • Price £220,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
11 miles west of Cardiff
Roads
A4233, A4058
Rail
Ystrad Rhondda Train Station, Porth Train Station
Air
Cardiff Airport
Situation

The property is located in the town of Ferndale in the centre of the High Street. Nearby occupiers include Greggs, Co-op Food, Spar Convenience Store and local shops and restaurants.

Tenure

Freehold.

Location
Miles
11 miles west of Cardiff
Roads
A4233, A4058
Rail
Ystrad Rhondda Train Station, Porth Train Station
Air
Cardiff Airport
Situation

The property is located in the town of Ferndale in the centre of the High Street. Nearby occupiers include Greggs, Co-op Food, Spar Convenience Store and local shops and restaurants.

Tenure

Freehold.

Description

The property comprises a ground floor pharmacy with two flats on the first floor.

VAT

VAT is not applicable to this lot.

Viewings

There will be no internal viewings of the property due to Covid-19 restrictions

Completion Period

Six week completion

EPC

See legal pack

Description

The property comprises a ground floor pharmacy with two flats on the first floor.

VAT

VAT is not applicable to this lot.

Viewings

There will be no internal viewings of the property due to Covid-19 restrictions

Completion Period

Six week completion

EPC

See legal pack

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x Review/(Reversion)
Ground
First
Retail/Ancillary
Residential
177.3 sq m
(1,908.44 sq ft)
Avicenna Retail
Ltd with a
guarantee from
Avicenna Ltd (1)
t/a Sheppard’s
Pharmacy
15 years from
completion of the
sale on a full
repairing and
insuring lease (2)
(4)
£15,910 5 yearly
compounded
RPI-indexed Rent
Reviews (capped
at 3% and
collared at 1%)
Total commercial area of
177.3 sq m
(1,908.44 sq ft)
plus two flats (3)
    £15,910  

(1) For the year ending 31st July 2020, Avicenna Retail Limited reported a turnover of £22,782,836, pre-tax profits of £1,078,131 and total assets less current liabilities of £10,725,189 (Source: NorthRow). For the year ending 31st July 2020, Avicenna Limited reported a turnover of £48,744,957, pre-tax profits of £-4,556,151, and total assets less current liabilities of £50,159,787 (Source: NorthRow 24/05/2021).
(2) The lease provides a tenant option to extend the lease for a further 10 years.
(3) The above floor areas have been published by the Valuation Office Agency at www.voa.gov.uk and the description of the property has been provided by the seller.
(4) The residential accommodation has been sublet. Further information is available in the legal pack.

If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    636 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    602 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Associate AuctioneersMartin Carey 02072558085martin.carey@rapleys.com
Seller's Solicitors
Hugh James Solicitors Two Central Square
Cardiff
CF10 1FS
John Hussey 020 7936 3453john.hussey@hughjames.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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