New 10 year lease from May 2017 (subject to option)
Nearby occupiers include a Tesco Superstore, Cooperative Food and branches of NatWest and Barclays Banks
Popular Cumbrian town on the edge of the Lake District
Lot 53
Auction 19th October 2017
Rent
Status Sold
Price £150,000
Sector Medical/Healthcare
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the Instructions of Telereal Trillium
Property Information
Location
Miles
24 miles from Kendal
50 miles from Carlisle
Roads
A595, A5093
Rail
Millom Railway Station
Air
Manchester Airport
Situation
Millom is a popular town located on the south-west coast of Cumbria, just south of the boundary with the Lake District National Park. The property occupies a prominent position on the southern side of St George's Road, a short walk from the town's railway station. There is a Tesco Superstore nearby, with other nearby occupiers including Co-operative Food, Post Office and branches of NatWest and Barclays Banks.
Tenure
Freehold.
Location
Miles
24 miles from Kendal
50 miles from Carlisle
Roads
A595, A5093
Rail
Millom Railway Station
Air
Manchester Airport
Situation
Millom is a popular town located on the south-west coast of Cumbria, just south of the boundary with the Lake District National Park. The property occupies a prominent position on the southern side of St George's Road, a short walk from the town's railway station. There is a Tesco Superstore nearby, with other nearby occupiers including Co-operative Food, Post Office and branches of NatWest and Barclays Banks.
Tenure
Freehold.
Description
The property comprises a ground floor dental surgery benefiting from car parking for approximately five cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor dental surgery benefiting from car parking for approximately five cars.
VAT
VAT is 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
Ground
Dental Surgery
241.20 sq m
(2,596 sq ft)
OASIS DENTAL CARE (CENTRAL) LIMITED (1)
10 years from 18/05/2017 until 17/05/2027 (2) on a full repairing and insuring lease (3)
£11,000
18/05/2022 (4)
Totals
241.20 sq m
(2,596 sq ft)
£11,000
(1) For the year ending 31st March 2016, Oasis Dental Care Limited reported a turnover of £58,282,000 and pre-tax profits of £2,499,000 (Source: Experian Group 18/08/2017). Oasis Dental Care was acquired by Bupa in February 2017. Bupa aims to become a major dental provider in the UK with over 2 million dental patients and 400 clinics (Source: www.bupa.co.uk 18/08/2017). (2) The lease provides for a tenant option to determine on 17th May 2022. (3) The lease is subject to a Schedule of Condition. (4) The rent is reviewed to RPI.