Sheppard's Pharmacy
50 Commercial Street
Aberbargoed
CF81 9BU

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 in centre of village t/a Sheppard's Pharmacy
  • Lot
    53
  • Auction
    16/Jun/2021
  • Rent
    £15,400 per Annum Exclusive
  • Status
    Sold
  • Price*
    £226,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
Important Update
  • Sheppard's Pharmacy, 50 Commercial Street, Aberbargoed, CF81 9BU
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
14.95 Miles north of Cardiff
Roads
A4049, A469,
Rail
Bargoed Train Station, Gilfach Fargoed Train Station
Air
Cardiff Airport, Bristol Airport
Situation

The property is situated on the main street of Aberbargoed, close to the post office. Aberbargoed is located 15 miles North of Cardiff.

Tenure

Freehold.

Description

The property comprises retail/ancillary accommodation on the ground floor with ancillary on the first floor plus two flats.

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)
Ground
First
First
Retail/Ancillary
Ancillary
Residential
96.4 sq m
50.3 sq m
(1,037 sq ft)
(541 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)
£15,4005 yearly
compounded
RPI-indexed
Rent Reviews
(capped at 3%
and collared at
1%)
Total commercial area of
115.39 sq m
(1,578 sq ft)
plus two flats (3)
  £15,400 

(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

  • Catalogue Page
    Updated Date
    27.05.21
    File Size
    566 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    704 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
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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now