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Status Withdrawn Post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/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
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.
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
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.
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).
