Freehold Pharmacy Investment
Freehold Pharmacy Investment
The property is prominently situated on the south side of Rainford Road at its junction with Birchley Road, in the main retailing hub of Billinge. The property benefits from being located directly opposite the Billinge Medical Clinic. The immediate vicinity provides a mix of local and independent retailers, cafes, restaurants and residential.
Freehold.
The property is prominently situated on the south side of Rainford Road at its junction with Birchley Road, in the main retailing hub of Billinge. The property benefits from being located directly opposite the Billinge Medical Clinic. The immediate vicinity provides a mix of local and independent retailers, cafes, restaurants and residential.
Freehold.
The property comprises a pharmacy arranged on the ground and first floors.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
The property comprises a pharmacy arranged on the ground and first floors.
VAT is not applicable to this lot.
The EPC will be available to view online in the solicitor’s legal pack.
| Floor | Use | Floor Areas Approx sq m (3) |
Floor Areas Approx sq ft (3) |
Tenant | Term | Rent p.a.x. | Rent Review |
|---|---|---|---|---|---|---|---|
| Ground First |
Pharmacy Ancillary |
117.80 41.20 |
(1,268) (443) |
BESTWAY NATIONAL CHEMISTS LIMITED t/a Well Pharmacy (1) |
10 years from 14/03/2024 (2) |
£14,000 |
14/03/2029 |
| Total | 159.00 |
(1,711) |
£14,000 |
(1) Well Pharmacy operate over 760 pharmacies across the UK (www.well.co.uk) and are part of Bestway Group. Well Pharmacy are the second largest pharmacy chain in the UK and the 4th largest pharmaceutical wholesaler employing over 7,000 individuals in the UK. In 2014 after a competitive bidding process against private equity firms, Bestway Group purchased The Co-operative Group's pharmacy business. (www.bestwaygroup.co.uk).
(2) The lease provides a tenant option to determine on 14/03/2029.
(3) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk).
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.
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