9 & 11 Belle Vue Bude Cornwall EX23 8JL

9 & 11 Belle Vue
Bude
Cornwall
EX23 8JL

Freehold Retail/Pharmacy Investment

Entirely let to Avicenna Retail Limited (t/a Belle Vue Pharmacy)
Holding over and tenant requested new lease
Includes separately accessed 2-bed flat above
Prominent Corner Position in Popular Tourist Resort Town
Nearby retailers include Co-operative Convenience Store, Boots the Chemist, Costa Coffee, Mountain Warehouse and WHSmith
VAT free investment

Lot
28
Auction
2nd November 2023
Rent
£20,500 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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Freehold Retail/Pharmacy Investment

Entirely let to Avicenna Retail Limited (t/a Belle Vue Pharmacy)
Holding over and tenant requested new lease
Includes separately accessed 2-bed flat above
Prominent Corner Position in Popular Tourist Resort Town
Nearby retailers include Co-operative Convenience Store, Boots the Chemist, Costa Coffee, Mountain Warehouse and WHSmith
VAT free investment

Lot 28
Auction 2nd November 2023
Rent £20,500 per Annum Exclusive
Status Sold Prior
Price
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 49 miles north-west of Plymouth, 50 miles west of Exeter
Roads: A39, A388, A3072
Rail: Okehampton Train Station
Air: Exeter Airport

Situation

Bude is a coastal resort town in North Cornwall, approximately 49 miles north-west of Plymouth and 50 miles west of Exeter. The property is located on the west side of Belle Vue, close to its junction with Belle Vue Lane, in the heart of Bude town centre. Nearby retailers include Co-operative Convenience Store, Boots the Chemist, Costa Coffee, Mountain Warehouse and WHSmith.

Tenure

Freehold.

Location

Miles: 49 miles north-west of Plymouth, 50 miles west of Exeter
Roads: A39, A388, A3072
Rail: Okehampton Train Station
Air: Exeter Airport

Situation

Tenure

Freehold.

Description

The property comprises a pharmacy arranged on the ground floor with a separately accessed two-bed flat arranged on first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Description

The property comprises a pharmacy arranged on the ground floor with a separately accessed two-bed flat arranged on first floor.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion

EPC

Band D

Tenancy & Accommodation

Floor	Use	Floor Areas Approx sq m	Floor Areas Approx sq ft	Tenant	Term	Rent p.a.x.
Ground First	Retail/Ancillary Residential (2 bed flat)	86.58 67.33	(932) (725)	AVICENNA RETAIL LIMITED (1) (t/a Belle Vue Pharmacy)	15 years from 23/11/2007 (Holding Over) (2)	£20,500
Total		153.91	(1,657)			£20,500

(1) Avicenna Retail Limited was incorporated in 2002 and is a privately owned group of 139 independent pharmacies (www.avicennapharmacy.org).
(2) The tenant has requested a new lease. The landlord has proposed a 5 year term with a new rent to be agreed.

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.