DescriptionThe property comprises a two-storey retail pharmacy arranged over ground and first floors. The ground floor provides the principal retail sales area and dispensary, together with consultation rooms, a robot dispenser area, stores, WC accommodation and internal circulation. The first floor provides further dispensary and storage accommodation, a staff room, office, WC accommodation and ancillary circulation, with a lift shown on the marketing floor plan. The lease permits use as a retail shop within Use Class E(a), or another use subsequently approved by the landlord.
LocationBolsover is an established Derbyshire market town located approximately six miles east of Chesterfield and within convenient reach of Junction 29A of the M1. The property occupies a prominent position on Town End, close to the centre of Bolsover and the town’s principal retail, community and public-service facilities. The surrounding area contains a mix of local and national occupiers, independent businesses and residential accommodation. The central and visible position, together with the longstanding pharmacy use, should support continued occupier and investor demand.
The OpportunityWe are seeing offers in the region of £450,000 for the freehold investment. This reflects a gross initial yield of 6.67% and approximately 6.44% net initial yield assuming purchasers costs of 3.47%.
Investment SummaryProminent pharmacy investment situated in the heart of Bolsover town centre. Established retail pharmacy trading as Rowlands Pharmacy. Let to L. Rowland & Company (Retail) Limited (company number 02288928). 10-year lease from 11 April 2024, expiring 10 April 2034. Current passing rent of £30,000 per annum, exclusive. Open market, upward-only rent review provisions
TenureThe property is to be sold freehold, subject to the existing occupational lease. The lease describes the property as the land and building known as 2 Town End, Bolsover, Chesterfield, S44 6DT, shown edged red on the lease plan and forming part of title numbers DY191808 and DY105582.
TenancyThe whole property is let to L. Rowland & Company (Retail) Limited under a lease completed on 24 July 2025.
Covenant InformationL. Rowland & Company (Retail) Limited is an established pharmacy operator incorporated in August 1988. The company trades through the Rowlands Pharmacy brand and forms part of the wider PHOENIX pharmacy and pharmaceutical distribution group. The covenant benefits from the scale, established trading history and recognised branding of a national pharmacy operator.
Business RatesRateable value from 1st April 2026 : £25,750
