Forsyth House 20 Woodland Road Darlington County Durham DL3 7PX

Forsyth House
20 Woodland Road
Darlington
County Durham
DL3 7PX

Freehold Office Investment

Occupiers include Oasis Dental Care (Central) Limited and Tees Esk & Wear Valleys NHS Foundation Trust
Located on Woodland Road (A68) close to Darlington Town Centre
Approximately 1,522 sq m (16,379 sq ft) office accommodation
On-site parking for 11 cars

Lot
57
Auction
11th December 2014
Rent
£137,540 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

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Freehold Office Investment

Occupiers include Oasis Dental Care (Central) Limited and Tees Esk & Wear Valleys NHS Foundation Trust
Located on Woodland Road (A68) close to Darlington Town Centre
Approximately 1,522 sq m (16,379 sq ft) office accommodation
On-site parking for 11 cars

Lot 57
Auction 11th December 2014
Rent £137,540 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Office
Auction Venue
The Millennium Hotel
44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 22 miles south of Durham; 18 miles west of Middlesbrough
Roads: A68,A66,A1 A1(M) (Junction 58)
Rail: Darlington Railway Station & North Street Railway Station
Air: Durham Tees Valley Airport (11 miles)

Situation

The property is situated on the northern side of Woodland Road (A68) approximately five minutes walk from Darlington town centre and close to Darlington Railway Station providing direct services to London, Edinburgh, Glasgow, Cardiff and Newcastle.

Tenure

Freehold.

Location

Miles: 22 miles south of Durham; 18 miles west of Middlesbrough
Roads: A68,A66,A1 A1(M) (Junction 58)
Rail: Darlington Railway Station & North Street Railway Station
Air: Durham Tees Valley Airport (11 miles)

Situation

Tenure

Freehold.

Description

The property comprises a detached three storey office building and benefits from a ground floor reception area, a passenger lift and onsite parking for approximately 11 cars.

VAT

VAT is applicable to this lot.

Viewings

There will be block viewings for this property. Interested parties must register their details with the Auctioneers and provide identification on site. Please contact Henry Wilkinson. Telephone: +44 (0)20 7034 4861.

EPC

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

Description

The property comprises a detached three storey office building and benefits from a ground floor reception area, a passenger lift and onsite parking for approximately 11 cars.

VAT

VAT is applicable to this lot.

Viewings

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	Reversion
First	Office	507.25 sq m	(5,460 sq ft)	OASIS DENTAL CARE (CENTRAL) LIMITED (1)	15 years from 31/03/2010 (2)	£46,400	30/03/2025
Part Ground and Second	Office	507.53 sq m	(5,463 sq ft)	SERVICED OFFICES OPERATED BY REGUS – PLEASE REFER TO LEGAL PACK (3)
Second	Office	219.81 sq m	(2,366 sq ft)
Part Ground	Office	287.07 sq m	(3,090 sq ft)	TEES ESK & WEAR VALLEYS NHS FOUNDATION TRUST	Office Service Agreement for 7 months from 01/11/2014	£91,140 (gross) (4)	31/05/2015
Totals		1,521.66 sq m	(16,379 sq ft)			£137,540 (gross) (4)

(1) Launched in 1996, Oasis Dental Care is a leading provider of both NHS and private dental care with more than 300 dental practices across the UK. (Source: www.oasisdentalcare.co.uk 04/11/2014)
(2) The lease to Oasis Dental Care(Central) Limited provides a tenant’s option to determine on the tenth anniversary of the term.
(3) Darlington Woodland Road Centre Limited is a subsidiary of Regus Group Limited. These areas are operated as a business centre via Forsyth Business Centres (part of the Regus Group). Please see the legal documentation for further information.
(4) The office service agreement fee of £91,140 p.a. is a gross figure which has been anualised. After management fees, rates and service charges the net income is approximately £45,300 p.a.