Sheppard's Pharmacy
5-7 John Street
Abercwmboi
CF44 6BL

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 in centre of village currently t/a Sheppard's Pharmacy
  • Lot
    56
  • Auction
    16/Jun/2021
  • Rent
    £20,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £240,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
Important Update
  • Sheppard's Pharmacy, 5-7 John Street, Abercwmboi, CF44 6BL
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
17 miles north-west of Cardiff
Roads
A4059, B4275,
Rail
Cwmbach Train Station
Air
Cardiff Airport
Situation

The property is situated in the village of Abercwmboi on the B4275 (Cardiff Road). The local area is predominantly residential area with local convenience stores, a Post Office and takeaways.

Tenure

Freehold.

Description

The property comprises ground floor retail and ancillary accommodation 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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReview/(Reversion)
Ground
First
Retail/Ancillary
Residential
113.90 sq m
(1,226 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)
£20,0005 yearly
compounded RPIindexed
Rent
Reviews (capped
at 3% and collared
at 1%)
Total commercial area of
113.90 sq m
(1,226 sq ft)
plus two flats (3)
  £20,000 

(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). Accoring 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
    545 KB
    View PDF
  • Site Plan
    Updated Date
    27.05.21
    File Size
    812 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

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