Pharmacy Investment Opportunity in Kingsbridge, Devon with Development Potential
Kingsbridge, Devon
- Status
FOR SALE
- Date Submitted:
11/04/24
- Advert ID
609608
- Reference
CD-90635 / Rightbiz
- Call Agent:
- Freehold: £180,000
- Asking Price: £180,000
- Turnover: Not Applicable
- Net Profit: Not Applicable
Business Details
Well Pharmacy Investment, Kingsbridge, Devon For Sale in Kingsbridge
Let to Bestway National Chemists Ltd (part of the Bestway Group, with a group turnover in excess of £ 4.5 billion pa) on a 5 year FRI lease from 31/03/2023, with an upward only rent review in March 2026. Planning was granted in 2004 Reference: South Hams Council 28/2064/03/F for demolition of the existing building and replacement with 3 x retail units and 4 x flats. This is a part completed scheme leaving the potential option to add a 1 bed and 2 bed flat above the shop.Kingsbridge is nestled in the heart of the South Hams in South Devon. This vibrant market town boasts a variety of amenities including shops, eateries, supermarkets, a cinema, and a leisure centre with indoor swimming. Residents enjoy access to sports and fitness facilities, medical services, a community hospital, libraries, and places of worship. Education is well-served with a primary school and community college. Nearby, the estuary offers boat moorings, quays, and slipways while sandy beaches and scenic coastal walks abound. Kingsbridge is within proximity to renowned sailing destinations like Dartmouth and Salcombe.
• Our Reference: CD-90635
• To be sold by Public Auction 2/5/24
• Commercial property investment
• Town centre Pharmacy
• Let to Bestway National Chemists Ltd
• GIA 1,453 sq ft, source EPC
• Annual rental income £17,750pa
• Development potential
• EPC Rating D
• FH Price: Ā£180,000 Guide Price
Contact Agent
Listing Statistics
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Stay Safe
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring Ā£1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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