Tenancy & Accommodation
| Unit |
Floor |
Use |
Floor Areas (Approx) |
Tenant |
Tenant |
Term |
Rent p.a.x |
Rent Reviews
(Reversion) |
| Medical Centre |
Ground
First |
Medical
Medical |
227.80 sq m
160.80 sq m |
(2,452 sq ft)
(1,730 sq ft) |
INDIVIDUALS t/a Penrhiwceiber Medical Centre |
20 years from 02/06/2005 |
£58,872 |
(01/06/2025) |
| Pharmacy |
Ground
First |
Retail
Ancillary |
53.60 sq m
31.40 sq m |
(577 sq ft)
(338 sq ft) |
Avicenna Retail Limited guaranteed by Avicenna Limited (1) |
15 years from completion of the sale on a full repairing and insuring lease (2) (4) |
£7,000 |
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 |
|
|
473.60 sq m |
(5,097sq ft) |
|
|
£65,872 |
|
(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.
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