Boots Pharmacy, 15 Bank Street Newquay Cornwall TR7 1DH

Boots Pharmacy, 15 Bank Street
Newquay
Cornwall
TR7 1DH

  • Boots Pharmacy, 15 Bank Street<br>Newquay<br>Cornwall<br>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
    12/Jul/2022
  • Status
    Available
  • Price*
    £725,000
  • Sector
    High Street Retail
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

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

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.

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

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.

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 £1,250+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

  • Solicitors Legal Pack
    Updated Date
    28.06.22
    File Size
    12 MB
    Login to View
  • Brochure
    Updated Date
    22.06.22
    File Size
    4 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
Jon SkerryJon Skerry +44 (0)20 7034 4863 +44 (0)7736 300 594jon.skerry@acuitus.co.uk
Seller's Solicitors
Osbornes Law Livery House, 7-9 Pratt Street
London
NW1 0AE
Guy Osborn 020 7681 8667guy.osborn@osborneslaw.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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