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Status Withdrawn Post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
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.
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
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.
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.
