Oates Hill Health Centre
2 Forest Street
Sutton in Ashfield
Nottinghamshire
NG17 1BE

Freehold Healthcare Investment

  • Purpose built NHS health centre with car parking
  • Let to NHS Property Services Ltd
  • Lease expires 2026
  • 2016 rent review outstanding (1)
  • Lot
    4
  • Auction
    24/May/2018
  • Rent
    £44,000 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Medical/Healthcare
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • Oates Hill Health Centre<br>2 Forest Street<br>Sutton in Ashfield<br>Nottinghamshire<br>NG17 1BE
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Property Information

Location
Miles
20 miles south of Sheffield, 17 miles north of Nottingham, 3 miles west of Mansfield
Roads
M1, A38, A617
Rail
Sutton-in-Ashfield
Air
East Midlands Airport
Situation

Sutton-in-Ashfield is located off the A38 trunk road 3 miles east of the M1 motorway (J28). Oates Hill Health Centre is prominently situated at the junction of Forest Street, High Pavement and Station Road. The property is located in a mixed residential/commercial area on the fringe of the town centre, adjacent to Halfords and close to Portland Retail Park. Occupiers close by include Pets at Home, Poundstretcher, Matalan, Lidl and Domino’s Pizza

Tenure

Freehold.

Description

The property comprises an established purpose built ground floor health centre, together with a rear car park for 15 cars including 2 disabled parking spaces. The property comprises a waiting room, reception, six clinical rooms, office/ administrative accommodation, storage, a staff kitchen, patient and staff WCs.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundMedical
316 sq m
(3,401 sq ft)
NHS PROPERTY
SERVICES
LIMITED (2)
25 years from
20/09/2001 on a full
repairing and
insuring lease
£44,0002016 and 5
yearly (1)
Total
316 sq m
(3,401 sq ft)
  £44,000 

(1) 2016 rent review notice served proposing a new rent of £50,250 per annum. The review remains outstanding.
(2) For the year ended 31st March 2017, NHS Property Services Limited reported a turnover of £792,269,000, a pre-tax loss of £32,786,000 and a net worth of £3,269,287,000 (Source : Experian 26/04/2018).

Property Documents

  • Solicitors Legal Pack
    Updated Date
    09.05.18
    File Size
    22 MB
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  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    823 KB
    View PDF
  • Site Plan
    Updated Date
    02.05.18
    File Size
    699 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
Will MooreWill Moore +44 (0)20 7034 4858 +44 (0)7899 877 224will.moore@acuitus.co.uk
Associate Auctioneers
Dacres Commercial Regent House, Queen Street
Leeds
West Yorkshire
LS1 2TW
Andrew Sutherland 0113 386 3103aas@dacres.co.uk
Seller's Solicitors
CMS Cameron McKenna Nabarro Olswang LLP 1 The Avenue Spinningfields
Manchester
M3 3AP
Nathan Jansen 0161 393 4738nathan.jansen@cms-cmno.com

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