Myrtle Pharmacy
Goodwick Square
Goodwick
SA64 0BP

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 three flats
  • VAT free investment
  • Located in seaside town on popular Fishguard Bay
  • Lot
    4
  • Auction
    16/Jun/2021
  • Rent
    £21,600 per Annum Exclusive
  • Status
    Available
  • Price*
    £260,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
Important Update
  • Myrtle Pharmacy<br>Goodwick Square<br>Goodwick<br>SA64 0BP
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
14 miles north east of St Davids
53 miles north west of Swansea
Roads
A40, A487
Rail
Fishguard and Goodwick Train Station,
Fishguard Harbour
Air
Swansea Airport
Situation

the property is located in the town of Goodwick, part of the Fishguard and Goodwick community which wraps around Fishguard Bay, a popular seaside tourist destination. The property is situated in Goodwick Square close to Fishguard and Goodwick train station and Fishguard Bay.

Tenure

Freehold.

Description

The property comprises ground and basement retail/ancillary accommodation together with 3 flats on the first and second floors.

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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/(Reversion)
Basement
Ground
Frist
Second
Ancillary
Retail
Residential
Residential
30 sq m
86.9 sq m
(322.92 sq ft)
(935.38 sq ft)
Avicenna Retail
Ltd with a
guarantee from
Avicenna Ltd
(1) t/a Myrtle
Pharmacy
15 years from
completion of the
sale on a full
repairing and
insuring lease (2)
(4)
£21,0005 yearly
compounded
RPI-indexed
Rent Reviews
(capped at 3%
and collared at
1%)
Total commercial area of
116.9 sq m
(1,259 sq ft)
plus three flats (3)
  £21,000 

(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 shareholder funds of £10,571,443 (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 shareholder funds of £14,231,084 (Source: NorthRow 24/05/2021). According to Avicenna's website (www.avicenna.org) Avicenna Pharmacy's "estate of 135 stores is based primarily in the south of England, the north east and Wales. Delivering excellent patient care is central to what we do and each pharmacy succeeds in delivering a high quality service to its local community."
(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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    10.06.21
    File Size
    14 MB
    Login to View
  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    531 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    712 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
  • Money Laundering Regs
    Updated Date
    07.10.20
    File Size
    1,016 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@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
Martin 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

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