Quayside Medical Centre 76b Cleethorpe Road Grimsby Lincolnshire DN31 3EH

Quayside Medical Centre
76b Cleethorpe Road
Grimsby
Lincolnshire
DN31 3EH

Freehold Medical Centre Investment

Part let to Secretary of State for Communities and Local Government
New 10 year lease to Secretary of State from April 2018 (subject to option)
Approximately 5,446 sq ft
Car parking for 19 cars
Future redevelopment potential (subject to leases and consents)

Lot
45
Auction
24th May 2018
Rent
£27,863 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Medical Centre Investment

Part let to Secretary of State for Communities and Local Government
New 10 year lease to Secretary of State from April 2018 (subject to option)
Approximately 5,446 sq ft
Car parking for 19 cars
Future redevelopment potential (subject to leases and consents)

Lot 45
Auction 24th May 2018
Rent £27,863 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
The Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: 33 miles south-east of Kingston upon Hull, 35 miles north-east of Lincoln
Roads: A16, A180, M180
Rail: Grimsby Docks Railway Station (150m away)
Air: Humberside Airport

Situation

The property is located on the southern side of Cleethorpe Road (A180), close to its junction with Riby Square which connects to Freeman Street, approximately 3/4 of a mile from Grimsby town centre. Nearby occupiers include Travis Perkins, Oasis Health Club and a number of independent operators.

Tenure

Freehold.

Location

Miles: 33 miles south-east of Kingston upon Hull, 35 miles north-east of Lincoln
Roads: A16, A180, M180
Rail: Grimsby Docks Railway Station (150m away)
Air: Humberside Airport

Situation

Tenure

Freehold.

Description

The property comprises a ground floor medical centre with a separately accessed medical centre on the first floor. The property benefits from car parking for 19 cars to the front and rear. 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	Review/(Reversions)
Ground	Medical Centre	192.96 sq m	(2,077 sq ft)	THE SECRETARY OF STATE FOR COMMUNITIES AND LOCAL GOVERNMENT (1)	10 years from 01/04/2018 (2)	£10,613	01/04/2023 (3) (31/03/2028)
First	Medical Centre	312.99 sq m	(3,369 sq ft)	CARE PLUS GROUP LIMITED (4)	10 years from 01/07/2009	£17,250	(30/06/2019)
Total		505.95 sq m	(5,446 sq ft)			£27,863

(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.
(4) Formed in 2011, Care Plus employs over 800 members of staff providing a wide range of community services for adults living across North East Lincolnshire (Source: www.careplusgroup.org 17/04/2018).