Health Assessment Centre Llanarth Road, Pontllanfraith near Blackwood NP12 2LG

Health Assessment Centre
Llanarth Road, Pontllanfraith
near Blackwood
NP12 2LG

Freehold Medical Centre Investment

Let to The Secretary of State for Communities and Local Government
New 10 year lease from April 2018 (subject to option)
CPI linked Rent Review in April 2023 (compounded annually)
Future redevelopment and Change of Use potential (subject to lease and consents)
Predominantly residential location

Lot
2
Auction
24th May 2018
Rent
£13,426 per Annum Exclusive
Status
Sold
Price
£202,000
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Medical Centre Investment

Let to The Secretary of State for Communities and Local Government
New 10 year lease from April 2018 (subject to option)
CPI linked Rent Review in April 2023 (compounded annually)
Future redevelopment and Change of Use potential (subject to lease and consents)
Predominantly residential location

Lot 2
Auction 24th May 2018
Rent £13,426 per Annum Exclusive
Status Sold
Price £202,000
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 12 miles north-west of Newport, 15 miles north of Cardiff, 41 miles east of Swansea
Roads: B4251, A469, A470
Air: Cardiff International Airport

Situation

The property is located on the western side of Llanarth Road, south of its junction with Commercial Road and Newbridge Road. The property is located in a predominantly residential area with a number of local amenities nearby.

Tenure

Freehold.

Location

Miles: 12 miles north-west of Newport, 15 miles north of Cardiff, 41 miles east of Swansea
Roads: B4251, A469, A470
Air: Cardiff International Airport

Situation

Tenure

Freehold.

Description

The property comprises a medical assessment centre with office/medical accommodation arranged on the ground and first floors. The property benefits from permitted use as offices, a job centre or a medical assessment centre.

VAT

VAT is applicable to this lot.

EPC

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

Description

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	Reviews
Ground/First	Medical Centre	172.99 sq m	(1,862 sq ft)	THE SECRETARY OF STATE FOR COMMUNITIES AND LOCAL GOVERNMENT (1)	10 years from 01/04/2018 until 31/03/2028 (2) on a full repairing and insuring lease	£13,426	01/04/2023 (3)
Total		172.99 sq m	(1,862 sq ft)			£13,426

(1) Centre for Health and Disability Assessments provides a service assessing the eligibility for benefits of people who are out of work due to long-term illness, or as a result of a disability or health condition, on behalf of the Department for Work and Pensions (DWP) (Source: www.chdauk.co.uk 17/04/2018).
(2) The lease is subject to a tenant option to determine on 31st March 2023.
(3) The rent is reviewed every 5 years to CPI and is compounded annually.