Sheppards Pharmacy
Penrhiwceiber Road
Penrhiwceiber
CF45 3SP

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%)
  • Established pharmacy business in town centre
  • VAT free investment
  • Nearby occupiers include Co-op Food, the Post Office and Ladbrokes
  • Lot
    29
  • Auction
    16/Jun/2021
  • Rent
    £7,000 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price*
     
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
Important Update
  • Sheppards Pharmacy<br>Penrhiwceiber Road<br>Penrhiwceiber<br>CF45 3SP
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
14 miles west of Cardiff
Roads
A470, A4059, B4275
Rail
Penrhiwceiber Train Station
Air
Cardiff Airport
Situation

The property is located in Penrhiwceiber which forms part of Mountain Ash, just 14 miles west of Cardiff. The property adjoins the medical centre with other nearby occupiers including Co-op Food, the Post Office and Ladbrokes.

Tenure

Freehold.

Description

The property comprises ground floor pharmacy with retail and ancillary accommodation.

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.x.Review/
(Reversion)
GroundRetail/Ancillary
47.10 sq m
(507 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)
£7,0005 yearly
compounded
RPI-Indexed Rent
Reviews (capped
at 3% and
collared at 1%)
Total
47.10 sq m
(507 sq ft) (3)
  £7,000 

(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 a description of the property has been provided by the seller.

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

  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    592 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    655 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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