Sheppards Pharmacy Abergorki Industrial Estate Treorchy Rhondda Cynon Taf CF42 6DL

Sheppards Pharmacy
Abergorki Industrial Estate
Treorchy
Rhondda Cynon Taf
CF42 6DL

Pharmacy Investment

  • Pharmacy 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 & Maximum increase at each review
  • Adjoining a Medical Centre
  • VAT-free investment
  • Lot
    33
  • Auction
    17th February 2022
  • Rent
    £10,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £157,500
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

Pharmacy Investment

  • Pharmacy 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 & Maximum increase at each review
  • Adjoining a Medical Centre
  • VAT-free investment
  • Lot 33
  • Auction 17th February 2022
  • Rent
  • Status Sold
  • Price £157,500
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
18 miles north-west of Cardif
Roads
A4061, A4107
Rail
Treorchy Train Station
Air
Cardiff Airport
Situation

Treorchy is a Rhondda Valley town 18 miles north-west of Cardiff. The property is situated to the north of the town centre on the west side of Abergorki Industrial Estate. The property occupies a prominent corner location on the Estate roads. Adjoining Forest View Medical Centre.

Tenure

Long Leasehold. Term of 999 years from 04/10/2012 at a peppercorn.

Location
Miles
18 miles north-west of Cardif
Roads
A4061, A4107
Rail
Treorchy Train Station
Air
Cardiff Airport
Situation

Treorchy is a Rhondda Valley town 18 miles north-west of Cardiff. The property is situated to the north of the town centre on the west side of Abergorki Industrial Estate. The property occupies a prominent corner location on the Estate roads. Adjoining Forest View Medical Centre.

Tenure

Long Leasehold. Term of 999 years from 04/10/2012 at a peppercorn.

Description

The property comprises a ground Pharmacy, adjoining Forest View Medical Centre.

VAT

VAT is not applicable to this lot.

Note

Interested Parties are respectfully asked to NOT contact the Pharmacy direct.

Completion Period

6 Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a ground Pharmacy, adjoining Forest View Medical Centre.

VAT

VAT is not applicable to this lot.

Note

Interested Parties are respectfully asked to NOT contact the Pharmacy direct.

Completion Period

6 Week Completion

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Rent Review Rent Review
Ground Retail   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)
£10,000
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        
£10,000
   

(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). 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.

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

  • Brochure
    Updated Date
    28.01.22
    File Size
    1 MB
    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

Acuitus
Charlie PowterCharlie Powter +44 (0)20 7034 4853 +44 (0)7768 120 904charlie.powter@acuitus.co.uk
Associate AuctioneersMartin Carey 0207 255 8085 07774 112146martin.carey@rapleys.com
Seller's Solicitors
Hugh James Solicitors Two Central Square,
Cardiff
CF10 1FS
Jordan Martin 02922675448.Jordan.Martin@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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