4 St. Owen Street Hereford Hertfordshire HR1 2PH

4 St. Owen Street
Hereford
Hertfordshire
HR1 2PH

Freehold Dental Surgery Investment

  • To be entirely let to Whitecross Dental Care Limited
  • New 20 year lease from completion (subject to options)
  • City centre location close to Edinburgh Woollen Mill, Coral, Thomas Cook and William Hill
  • Benefits from on site car parking and garden to the rear
  • VAT-free Investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot
    14
  • Auction
    9th July 2015
  • Rent
    £34,000 per Annum Exclusive
  • Status
    Sold
  • Price
    £496,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Dental Surgery Investment

  • To be entirely let to Whitecross Dental Care Limited
  • New 20 year lease from completion (subject to options)
  • City centre location close to Edinburgh Woollen Mill, Coral, Thomas Cook and William Hill
  • Benefits from on site car parking and garden to the rear
  • VAT-free Investment
  • Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>
  • Lot 14
  • Auction 9th July 2015
  • Rent
  • Status Sold
  • Price £496,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
25 miles south west Worcester, 35 miles west of Gloucester, 55 miles south of Birmingham
Roads
A438, A49, M50, M5
Rail
Hereford Railway Station
Air
Birmingham Airport
Situation

The property is situated in a prominent position on the northern side of St. Owen Street, opposite St Peter’s Square, on the periphery of Hereford’s prime retailing area. Nearby occupiers include Coral, Edinburgh Woollen Mill, Thomas Cook and William Hill, with Marks & Spencer only a short walk away.

Tenure

Freehold.

Location
Miles
25 miles south west Worcester, 35 miles west of Gloucester, 55 miles south of Birmingham
Roads
A438, A49, M50, M5
Rail
Hereford Railway Station
Air
Birmingham Airport
Situation

The property is situated in a prominent position on the northern side of St. Owen Street, opposite St Peter’s Square, on the periphery of Hereford’s prime retailing area. Nearby occupiers include Coral, Edinburgh Woollen Mill, Thomas Cook and William Hill, with Marks & Spencer only a short walk away.

Tenure

Freehold.

Description

The property comprises a dental surgery on the ground, basement and part first floors. In addition, there is office accommodation on part first floor and a flat and a beauty salon on the second floor, both benefitting from separate access from the front. The property also benefits from a garden and parking to the rear.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

The property comprises a dental surgery on the ground, basement and part first floors. In addition, there is office accommodation on part first floor and a flat and a beauty salon on the second floor, both benefitting from separate access from the front. The property also benefits from a garden and parking to the rear.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is not applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Review
Basement
Ground
First
Second (part)
Second (part)
Dental Surgery
Dental Surgery
Dental Surgery/Office
Beauty Salon
Residential Flat
36.00 sq m
85.50 sq m
72.65 sq m
27.24 sq m
1 bedroom flat
(387 sq ft)
(920 sq ft)
(782 sq ft)
(293 sq t)
WHITECROSS
DENTAL CARE
LIMITED (1)
20 years from completion, expiring in 2035 on a full repairing and insuring lease (2) £34,000 2020 and five yearly thereafter
Total Commercial Area
221.39 sq m
(2,382 sq ft)
    £34,000

(1) For the year ending 31/03/2014, Whitecross Dental Care Limited reported a turnover of £138,793,000, pre-tax profits of £10,180,000, a negative net worth of £46,641,000 and shareholders’ funds of £92,150,000. (Source: www.riskdisk.com/www.experian.com 12/06/2015). Its holding company, Integrated Dental Holdings, provides its services through a number of provider organisations, known as Dental Body Corporates, of which the largest two are Whitecross Dental Care Limited and Petrie Tucker and Partners Limited. IDH has a network of over 600 dental practices nationwide (Source: www.idhgroup.co.uk).

(2)The lease provides for a tenant option to determine on the 10th and 15th anniversary of the term.

Property Documents

  • Site Plan
    Updated Date
    16.06.15
    File Size
    94 KB
    View PDF
  • Catalogue Page
    Updated Date
    16.06.15
    File Size
    403 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
JD Law LLP Fourth Floor, Thavies Inn House, 3-4 Holborn Circus,
London
EC1N 2HA
Michael Reiner 02074 380 987mreiner@jd-law.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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