Lloyds Pharmacy, 187 Western Avenue Port Talbot Glamorgan SA12 7NE

Lloyds Pharmacy, 187 Western Avenue
Port Talbot
Glamorgan
SA12 7NE

Freehold Retail Investment

Let to Lloyds Pharmacy Limited (DAB 4A1) with guarantee until 2020
Secure income stream
Unexpired term of circa 9 years
2010 Rent Review outstanding

Lot
10
Auction
18th October 2011
Rent
£10,000 per Annum Exclusive
Status
Sold
Price
£115,000
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of GB Judd and RN Phillips, Joint LPA Receivers

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Freehold Retail Investment

Let to Lloyds Pharmacy Limited (DAB 4A1) with guarantee until 2020
Secure income stream
Unexpired term of circa 9 years
2010 Rent Review outstanding

Lot 10
Auction 18th October 2011
Rent £10,000 per Annum Exclusive
Status Sold
Price £115,000
Sector
High Street Retail
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of GB Judd and RN Phillips, Joint LPA Receivers

Property Information

Location

Miles: 7 miles south-east of Swansea, 6 miles north-west of Cardiff
Roads: M4, A48, A241
Rail: Port Talbot Rail
Air: Cardiff International Airport

Situation

Port Talbot is a coastal town with good communications via the M4. The town is an established industrial location with a major steel industry. The property is situated on the east side of Western Avenue in a residential area. A number of medical centres and surgeries are in close proximity to the property.

Tenure

Freehold.

Location

Miles: 7 miles south-east of Swansea, 6 miles north-west of Cardiff
Roads: M4, A48, A241
Rail: Port Talbot Rail
Air: Cardiff International Airport

Situation

Tenure

Freehold.

Description

The property comprises a detached single storey retail unit. Internally, the property incorporates Lloyds Pharmacy's standard corporate fit-out.

NB
This property is being marketed for sale on behalf of Joint Law of Property Act Receivers and therefore no warranties or guarantees in any respect, including VAT, can be given. The LPA Receivers are not bound to accept the highest or any offer and are acting without personal liability.

EPC

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

Description

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	Reviews
Ground	Pharmacy Gross Frontage Net Frontage Shop Depth Built Depth	164.97 sq m 10.55 m 8.50 m 14.60 m 18.70 m	(1,808 sq ft) (34' 7") (27' 10") (47' 10") (61' 4")	LLOYDS PHARMACY LIMITED (1) guaranteed by AAH SUBSIDIARIES LIMITED (1)	15 years from 09/11/2005 until 2020 (3)	£10,000	2010 and 2015
Totals		164.97 sq m	(1,808 sq ft) (2)			£10,000

(1) For the year ending 31st December 2009, Lloyds Pharmacy Limited reported a turnover of £1,740,517,000, pre-tax profits of £105,120,000 and a total net worth of £29,565,000. (Source: www.riskdisk.com 21/09/2011)
(2) The floor areas stated above are as published on www.voa.gov.uk
(3) Lloyds Pharmacy Ltd have verbally expressed the possibility of regearing the lease.