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Description

  • Status: Available
  • Type: Commercial
  • Ownership: Freehold
  • Occupation: Tenanted

Premium LloydsPharmacy Commercial Investment. Freehold sale of 10-12 Kilblain Street within Greenock. Lloyds Pharmacy in Greenock is the leading UK pharmacy for services, products and prescriptions.

TENANCY DETAILS: Rented on FRI agreement at £24,200. Tenancy start date: 1985 - Rent review: 24/03/2027. Break clause: 01/03/2027. Lease expires: 10/02/2032.

NET INTERNAL AREA: 1,423.20 Sq.Ft (132.22m2). The surrounding area has a mixed range of national and independent occupiers. Open and Trading 6 days per week (Sunday closed).

In 2010 LloydsPharmacy had a turnover of £1.8 billion. Located in the heart of Greenock town centre. The area has a high footfall being situated between the bus station and the principal retail area.

In 2022, LloydsPharmacy, together with AAH, separated from McKesson and formed Hallo Healthcare. A new standalone business better equipped to tackle the healthcare needs of the future.

LloydsPharmacy is a leading community pharmacy and healthcare provider with over 1,400 pharmacies across the UK, mainly in community and health centre locations. We employ around 17,000 staff and dispense over 150 million prescription items every year. TENANCY DETAILS: Rented on FRI agreement at £24,200. Tenancy start date: 1985 - Rent review: 24/03/2027. Break clause: 01/03/2027. Lease expires: 10/02/2032. Lloyds Pharmacy Opening Times in Greenock: The regular opening times of most Lloyds Pharmacy establishments are from Monday to Friday 9AM-6PM, on Saturday 9AM-1PM. LloydsPharmacy is a British pharmacy company. It has around 17,000 staff and dispenses over 150 million prescription items annually. It is owned by the Aurelius Group. In 2010 LloydsPharmacy had a turnover of £1.8 billion. Located in the heart of Greenock town centre. The area has a high footfall being situated between the bus station and the principal retail area.

Greenock West and Greenock Central railway stations are within walking distance, providing services to Glasgow some 25 miles to the east. The main bus terminus for the town is located adjacent to the property. The Oak Mall Shopping Centre is located opposite the property which accommodates occupiers including Primark, Wilko and Boots.

Full Address: 10-12 Kilblain Street, Lloyds Pharmacy, Greenock, PA15 1SR

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Tenancy Details

Type of Agreement: Full Repairing & Insuring (FRI)
Length: 2032
Rent: £24,400 per year / £2,033 per month
Yield: 11% (approx)
Tenant: Private Individual
Notes: LloydsPharmacy is the trading name of LloydsPharmacy Ltd. Rented on FRI agreement at £24,200. Tenancy start date: 1985 - Rent review: 24/03/2027. Break clause: 01/03/2027. Lease expires: 10/02/2032.

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Pricing Information & Bidding

Opening Bid: £213,000

What is an Opening Bid? This property is entered into an online auction where the bidding will start or open at the above price. Unless specified all properties are subject to a Reserve (minimum acceptable price).

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Offer Now... You may submit an offer now on this property for the owner to consider. If they are will are willing to sell you the property now then it is a matter of making the required deposit payment to secure the purchase. Complete our ONLINE OFFER FORM now to put your offer forward to the sellers.

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SPECIAL Terms of Sale

  • 10% Deposit
  • Buyers Fee = 3% of Sale Price (Minimum £3,250 + vat)
  • 4 Weeks Completion or Longer By Agreement
  • Contribution to Sellers Costs £1,750 for on time settlement

VIEW THE GENERAL TERMS OF SALE which are superseded by any special conditions detailed above.

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Buy Now Price = £250,000

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Auction Details

Date & Time: 16 May 2024, 10am-3pm
Type: Timed Online Auction

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