Boots Pharmacy, 15 Bank Street Newquay Cornwall TR7 1DH

Boots Pharmacy, 15 Bank Street
Newquay
Cornwall
TR7 1DH

Extensive Freehold Pharmacy Investment

Entirely let to Boots UK Limited on a 5 year lease expiring 2026
Busy Pedestrianised Town Centre Location
The tenant has been in occupation since 1933
Approximately 930.55 sq. m. (10,016 sq. ft.) over Ground, Basement, First and Second Floors
Future alternative use potential on the upper floors (subject to consents)
Nearby occupiers include Superdrug, Poundland, WH Smith, Costa, Mountain Warehouse and Superdry

Lot
29
Auction
12th July 2022
Status
Sold Post
Price
Auction Venue
Live Streamed Auction

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Extensive Freehold Pharmacy Investment

Entirely let to Boots UK Limited on a 5 year lease expiring 2026
Busy Pedestrianised Town Centre Location
The tenant has been in occupation since 1933
Approximately 930.55 sq. m. (10,016 sq. ft.) over Ground, Basement, First and Second Floors
Future alternative use potential on the upper floors (subject to consents)
Nearby occupiers include Superdrug, Poundland, WH Smith, Costa, Mountain Warehouse and Superdry

Lot 29
Auction 12th July 2022
Status Sold Post
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 14 miles north of Truro, 50 miles west of Plymouth
Roads: A30, A39, A392
Rail: Newquay Railway Station
Air: Cornwall Airport Newquay

Situation

Newquay is a popular and important tourist destination situated on the northern coast of Cornwall. The town, whilst an important regional municipal town, also benefits from a swell of tourists during the summer months. The property is situated on the north side of Bank Street, Newquay's main pedestrianised retail destination. Nearby occupiers include Superdrug, Poundland, WH Smith, Costa, Mountain Warehouse and Superdry.

Tenure

Freehold.

Location

Miles: 14 miles north of Truro, 50 miles west of Plymouth
Roads: A30, A39, A392
Rail: Newquay Railway Station
Air: Cornwall Airport Newquay

Situation

Tenure

Freehold.

Description

The property comprises ground floor retail, pharmacy and ancillary accommodation with ancillary areas to the first, second and basement floors.

The upper floors are currently under utilised and may lend themselves to being used for alternative uses subject to all necessary consents.

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

Please refer to the Legal Pack.

Description

VAT

VAT is applicable to this lot.

Completion Period

Six week completion

EPC

Please refer to the Legal Pack.

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground Basement First Second	Retail / Ancillary Ancillary Ancillary Ancillary	563.10 142.80 168.80 55.85	(6,061) (1,537) (1,817) (601)	BOOTS UK LIMITED (2) t/a Boots Pharmacy	5 years from 21/05/2021	£55,000
Total		930.55	(10,016) (1)			£55,000

(1) The Gross Internal Areas (GIA) stated above are as supplied by the vendor.
(2) Full repairing and insuring lease.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.