Sheppards Pharmacy 62A High Street Cefn Coed CF48 2PL

Sheppards Pharmacy
62A High Street
Cefn Coed
CF48 2PL

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 RPI linked rent reviews subject to a minimum and maximum increase at each review
  • VAT free investment
  • Includes one flat
  • Established pharmacy business
  • t/a Sheppard's pharmacy
  • Lot
    33
  • Auction
    21st July 2021
  • Rent
    £12,100 per Annum Exclusive
  • Status
    Sold
  • Price
    £160,000
  • 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 RPI linked rent reviews subject to a minimum and maximum increase at each review
  • VAT free investment
  • Includes one flat
  • Established pharmacy business
  • t/a Sheppard's pharmacy
  • Lot 33
  • Auction 21st July 2021
  • Rent
  • Status Sold
  • Price £160,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
23 miles north of Cardiff
Roads
A470, A465, A4054
Rail
Merthyr Tydfil Train Station
Air
Cardiff Airport
Situation

The property is situated in the village of Cefn Coed on the northwestern edge of Merthyr Tydfil. Merthyr Tydfil is a historic town with a population of over 43,000 which also serves as a commuter town for nearby Cardiff and Swansea. The property is located on the high street of Cefn Coed with nearby occupiers including a dental practice, several bars, takeaways and hotels.

Tenure

Freehold.

Location
Miles
23 miles north of Cardiff
Roads
A470, A465, A4054
Rail
Merthyr Tydfil Train Station
Air
Cardiff Airport
Situation

The property is situated in the village of Cefn Coed on the northwestern edge of Merthyr Tydfil. Merthyr Tydfil is a historic town with a population of over 43,000 which also serves as a commuter town for nearby Cardiff and Swansea. The property is located on the high street of Cefn Coed with nearby occupiers including a dental practice, several bars, takeaways and hotels.

Tenure

Freehold.

Description

The property comprises ground floor retail and ancillary accommodation with one flat on the first floor. Please note the flat is 2 bedrooms.

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 ground floor retail and ancillary accommodation with one flat on the first floor. Please note the flat is 2 bedrooms.

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)
Ground
First
Retail/Ancillary
Residential
96.92 sq m
(1,043 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)
(4)
£12,100 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
96.92 sq m
(1,043 sq ft)
plus one flat (3)
    £12,100  

(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.
(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
    01.07.21
    File Size
    483 KB
    View PDF
  • Site Plan
    Updated Date
    01.07.21
    File Size
    620 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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