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
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.
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.
