Retail Pharmacy Investment in highly sought after village yards from the village Doctors surgery.
The subject property provides ground floor retail unit let to Boots the Pharmacy and on the first floor a long leasehold flat.
The ground floor retail area has timber and single entrance door with ramp access and glazed display window.
Internally single level retail shop fitted as a pharmacy with suspended ceilings, inset LED lighting, air conditioning heat/cool facility, WC and ancillary staff kitchen area.
The first floor flat has not been inspected and is held on a long leasehold basis.
The subject property occupies a prominent retail position at the heart of the sought-after Leicestershire village of Quorn.
The retail environment in Quorn is particularly well-regarded, fully let and the subject property being a pharmacy is within approximately 300ft of the Quorn Medical Centre, directly opposite the Quorn Parish Council free car park.
The established centre of Quorn is a vibrant location with a mixture of occupiers including a Post Office and a variety of local providers including retail supermarket, delicatessen, hair salons, restaurants and public houses with significant demand for occupational space.
( Agency Pilot Software Ref: 4594 )
Location
The subject property occupies a prominent retail position at the heart of the sought-after Leicestershire village of Quorn. The retail environment in Quorn is particularly wellregarded, fully let and the subject property being a pharmacy is within approximately 300ft of the Quorn Medical Centre, directly opposite the Quorn Parish Council free car park. The established centre of Quorn is a vibrant location with a mixture of occupiers including a Post Office and a variety of local providers including retail supermarket, delicatessen, hair salons, restaurants and public houses with significant demand for occupational space. The property’s location is shown on the plan within these particulars.
Accommodation
Retail Area 59.98 sq m (641 sq ft)
Terms
TENURE The ground floor retail area is let on a term of 5 years to Boots UK Ltd from 23 March 2017 at a current annual rental of £11,000 per annum paid monthly in advance. Boots have been in occupation for a number of years beyond the existing lease. Flat 16a Station Road is held on a long leasehold flat is held on a term of 125 years from 3 November 1983 at a current annual rental of £75 per annum with fixed increases every 25 years. Next increase being 2033 to £100 per annum.
PRICE £225,000 (two hundred and twenty five thousand pounds). This reflects an initial gross yield of approximately 4.88%.
BUSINESS RATES Local Authority: Charnwood Period: 2021/2022 Rateable Value: £11,750
LEGAL COSTS Each party will be responsible for their own legal costs incurred in the transaction. VAT VAT will not be charged on the sale price.
EPC The property has an Energy Performance Asset Rating of 73 within Band C.
PLANNING We understand the premises have authorised planning consent under Class E of the Town and Country Planning (Use Classes) Order 1987.
ANTI-MONEY LAUNDERING POLICY In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser(s).