Sheppards Pharmacy 68 High Street Ferndale CF43 4RR

Sheppards Pharmacy
68 High Street
Ferndale
CF43 4RR

Freehold Pharmacy Investment

  • Entirely let to Avicenna Retail Limited guaranteed by Avicenna Limited on a 15 year lease from completion (no breaks)
  • 5 yearly RPI linked rent reviews subject to a minimum and maximum increase at each review
  • Established pharmacy business t/a Sheppards Pharmacy
  • VAT free investment
  • Nearby occupiers include Greggs, Co-op Food and Spar Convenience Store
  • Lot
    15
  • Auction
    21st July 2021
  • Rent
    £8,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £126,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

Freehold Pharmacy Investment

  • Entirely let to Avicenna Retail Limited guaranteed by Avicenna Limited on a 15 year lease from completion (no breaks)
  • 5 yearly RPI linked rent reviews subject to a minimum and maximum increase at each review
  • Established pharmacy business t/a Sheppards Pharmacy
  • VAT free investment
  • Nearby occupiers include Greggs, Co-op Food and Spar Convenience Store
  • Lot 15
  • Auction 21st July 2021
  • Rent
  • Status Sold
  • Price £126,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
11 miles west of Cardiff
Roads
A4233, A4058
Rail
Ystrad Rhondda Train Station, Porth Train Station
Air
Cardiff Airport
Situation

The property is located in the town of Ferndale in the centre of the High Street adjacent to the Day Centre and Library. Nearby occupiers include Greggs, Co-op Food, Spar Convenience Store and local shops and restaurants.

Tenure

Freehold.

Location
Miles
11 miles west of Cardiff
Roads
A4233, A4058
Rail
Ystrad Rhondda Train Station, Porth Train Station
Air
Cardiff Airport
Situation

The property is located in the town of Ferndale in the centre of the High Street adjacent to the Day Centre and Library. Nearby occupiers include Greggs, Co-op Food, Spar Convenience Store and local shops and restaurants.

Tenure

Freehold.

Description

The property comprises retail and ancillary accommodation on the ground floor with further ancillary areas on the basement and first 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

Description

The property comprises retail and ancillary accommodation on the ground floor with further ancillary areas on the basement and first 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

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x Review/
(Reversion)
Basement
Ground
First
Ancillary
Retail/Ancillary
Ancillary
98.00 sq m
99.74 sq m
50.00 sq m
(389 sq ft)
(1,073 sq ft)
(538 sq ft)
Avicenna Retail
Ltd with a
guarantee from
Avicenna Ltd (1)
t/a Sheppards
Pharmacy
15 years from
completion of the
sale on a full
repairing and
insuring lease (2)
£8,000 5 yearly RPI linked
rent reviews
subject to a
minimum and
maximum increase
at each review.
Full information is
available in the
legal pack
Total
247.74 sq m
(2,666 sq ft) (3)
    £8,000  

(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 negative £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.

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
    01.07.21
    File Size
    522 KB
    View PDF
  • Site Plan
    Updated Date
    01.07.21
    File Size
    619 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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