Fully let, well located chemist in Bessacarr, Doncaster
• Well presented, open plan accommodation totalling 82.1 sq m (884 sq ft) approx
• New 10 year lease let to Lloyds Pharmacy Limited (Company No.00758153)
• Current rental income £11,000 per annum
The property is situated next to the Bessacarr Medical Centre, within the Bessacarr local shopping precinct. Adjacent to the property are a mix of independent local operators and a Co-Op convenience store.
Bessacarr is a popular residential suburb located to the south east of Doncaster town centre.
The property comprises a ground floor unit with a sales area, internal storage, and a staff kitchen. Externally there is a service yard to the rear with staff parking.
In addition, there is a free public car park to the rear of the property.
ACCOMMODATION: (Taken from the Valuation Office.)
Sales: 68.5 sq m (737.3 sq ft)
Stores: 9.6 sq m (103.3 sq ft)
Kitchen: 4 sq m (43.1 sq ft)
TOTAL: 82.1 883.7
Lloyds Pharmacy have occupied the property for a number of years and have signed a new lease which commenced on 1 June 2020 for a term of 10 years, with the inclusion of tenant only break clauses on 31 May 2023 and 31 May 2026.
The property is let on full repairing and insuring terms and is subject to a rent review at the end of the 5th year of the term.
The current rental income is £11,000 per annum.
TENANT AND COVENANT STATUS:
The lease is let to Lloyds Pharmacy Limited (Company No. 00758153). Lloyds Pharmacy Ltd are the second highest pharmaceutical chain in the UK and trade from over 1,500 stores with their most recent turnover (2019) being over £1.9 billion.
(One Hundred and Forty Five Thousand Pounds)
which equates to a net yield of 7.45% allowing for purchasers’ costs at 1.8%.
Vat is not applicable in relation to the purchase price.
D – 89
Please contact the sole agents to arrange a viewing.