The Centre for Health and Disability Assessments, Unit A The Quadrant
213 - 217 The Broadway
Wimbledon
London
SW19 1NL

Health Assessment Centre Investment in Affluent South West London Suburb

  • Let to The Secretary of State for Housing, Communities and Local Government
  • New 10 year lease from April 2018 (subject to option)
  • CPI linked Rent Review in April 2023 (compounded annually and collared at 1% p.a. and capped at 5% p.a.)
  • Prosperous South West London suburb
  • Government-let Investment
  • Lot
    21
  • Auction
    11/Jul/2018
  • Rent
    £81,505 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Medical/Healthcare
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • The Centre for Health and Disability Assessments, Unit A The Quadrant<br>213 - 217 The Broadway<br>Wimbledon<br>London<br>SW19 1NL
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Property Information

Location
Miles
Less than 1/2 mile from Wimbledon Rail Station, 1.5 miles from All England Tennis Club
Roads
A24, A219 (The Broadway)
Rail
Wimbledon Railway Station, South Wimbledon Railway Station (both less than 1/2 mile away)
Air
London Heathrow Airport, London Gatwick Airport
Situation

Wimbledon is a prosperous and popular suburb situated south-west of Central London and 5 miles south-east of Richmond-upon-Thames. The area benefits from good communications being adjacent to the A3. Renowned worldwide for its annual tennis tournament, Wimbledon is also well established as a commercial and retailing centre, the latter being focused on the Centre Court Shopping Centre, located on The Broadway. The property is situated on the southern side of The Broadway, Wimbledon’s principal thoroughfare. The surrounding areas comprise residential, retail and office uses. Wimbledon is home to a number of global company headquarters, including Lidl, Capsticks, Close Brothers and Unibet. Other occupiers on The Broadway include Nando’s, Five Guys, TK Maxx, Uniqlo, Sainsbury’s Local, Morrisons and The Wimbledon Theatre.

Tenure

Virtual Freehold. Held for a term of 999 years from 31st May 2002 until 30th May 3001 (983 years unexpired) at a current ground rent of £500 p.a. The headlease provides for fixed rental increases of £100 every 100 years, the next being May 2102.

Description

The property comprises a health assessment centre arranged on the ground floor only, forming part of a larger mixed-use building. The property benefits from permitted use as B1 offices or such other use for which the landlord shall provide consent.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

Tenancy & Accomodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews
GroundOffices
213.68 sq m
(2,300 sq ft)
THE SECRETARY
OF STATE FOR
HOUSING,
COMMUNITIES
AND LOCAL
GOVERNMENT (1)
10 years from
01/04/2018 until
31/03/2028 (2) on an
effectively full repairing
and insuring lease
£81,50501/04/2023 (3)
Total
213.68 sq m
(2,300 sq ft)
  £81,505 

(1) The 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 12/06/2018).
(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 (collared at 1% and capped at 5% per annum).

Property Documents

  • Catalogue Page
    Updated Date
    19.06.18
    File Size
    2 MB
    View PDF
  • Site Plan
    Updated Date
    19.06.18
    File Size
    2 MB
    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
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Reed Smith LLP Broadgate Tower, 20 Primrose Street
London
EC2A 2RS
Katie Wayne 020 3116 3879kwayne@reedsmith.com

Useful Links

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