Sheppard's Pharmacy 29-31 Margaret Street Abercynon CF45 4RE

Sheppard's Pharmacy
29-31 Margaret Street
Abercynon
CF45 4RE

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
  • Established pharmacy business currently t/a Sheppard's Pharmacy
  • Lot
    19
  • Auction
    16th June 2021
  • Rent
    £17,500 per Annum Exclusive
  • Status
    Sold
  • Price
    £253,000
  • 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
  • Established pharmacy business currently t/a Sheppard's Pharmacy
  • Lot 19
  • Auction 16th June 2021
  • Rent
  • Status Sold
  • Price £253,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
13 miles north of Cardiff
Roads
A470, A472, A4059, B4725
Rail
Abercynon Train Station
Air
Cardiff Airport
Situation

The property is located in the village of Abercynon on the main shopping street on the corner of Margaret Street and Walter Street. Abercynon is 13 mils north-west of Cardiff along the river Taff. Nearby occupiers include several cafe's, restaurants and convenience stores.

Tenure

Freehold.

Location
Miles
13 miles north of Cardiff
Roads
A470, A472, A4059, B4725
Rail
Abercynon Train Station
Air
Cardiff Airport
Situation

The property is located in the village of Abercynon on the main shopping street on the corner of Margaret Street and Walter Street. Abercynon is 13 mils north-west of Cardiff along the river Taff. Nearby occupiers include several cafe's, restaurants and convenience stores.

Tenure

Freehold.

Description

The property comprises ground floor retail and ancillary accommodation to a total of 149.59 sq m and two flats on the first floor.

VAT

VAT is not applicable to this lot.

Viewings

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

Completion Period

Six week completion

EPC

See legal pack

Description

The property comprises ground floor retail and ancillary accommodation to a total of 149.59 sq m and two flats on the first floor.

VAT

VAT is not applicable to this lot.

Viewings

There will be no internal viewing 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
149.59 sq m
(1,610 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)
£17,500 5 yearly
compounded
RPI-indexed
Rent Reviews
(capped at 3%
and collared at
1%)
Total commercial area of
149,59 sq m
(1,610 sq ft)
plus two flats (3)
    £17,500  

(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 £1,250+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
    551 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    791 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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