Enquire Now
For Sale

Quay Pharmacy Ilbert Road


1,160 Sq Ft (107.76 Sq M)
For Sale: £245,000 Freehold
Quay Pharmacy Ilbert Road, Kingsbridge, Devon, TQ7 1EB
Current Brochure


Retail investment in popular market town
Let to Bestway National Chemists Limited
Excellent covenant - Experian score of 100
Income of £17,750 pax
Development potential to create a 1 bed and a 2 bed flat above


The property comprises of a corner sited retail premises. Planning permission has been granted to construct two floors above the property which will provide 1 x 1 bedroom flat and 1 x 2 bedroom flat. The planning application number is 28/2064/03/F, and planning was granted in 2004. The permission included developing the adjacent property which has been completed and therefore the consent should be extant.

The current title plan will be amended to remove an area which is owned and utilised by the adjoining property. This won't affect what is currently on the ground. The demise plan within the lease shows the correct plan.


The property is located in the market town of Kingsbridge, which is within the South Hams. It is a popular tourist destination as well as having a resident population of circa 5,600 people. The property is located on Ilbert Road which is one of the main roads in to the town centre. The bus depot is to the front of the property and the public car park is close by.


All areas are approximate and measured in accordance with the RICS Property Measurement (2nd Edition) on a net internal basis.

Net internal area - 107.8 sq m (1,160 sq ft)
ITZA - 76.5 sq m (823 sq ft)

Business Rates

From the Valuation Office Agency website (www.voa.gov.uk) we understand that the current Rateable Value is £17,250. Therefore making the approximate Rates Payable £8,608 per annum for 2023/24. Interested parties are advised to confirm the rating liability with South Hams District Council.


We understand that mains electricity, water and drainage are connected to the property however these services have not been tested by the agents. Interested parties should make their own enquiries.


D (83)

Legal Fees

Each party to be responsible for their own legal fees in relation to this transaction.


The property has not been elected for VAT and therefore VAT will not be charged on the price.

Agent Contacts