Lysander House Falcon Court, Preston Farm Industrial Estate Stockton-on-Tees TS18 3TX

Lysander House
Falcon Court, Preston Farm Industrial Estate
Stockton-on-Tees
TS18 3TX

Freehold Dental Surgery and Office Investment

  • Modern office building on established industrial park
  • Majority let to Whitecross Dental Care Limited t/a My Dentist
  • Strong road connections via the A66, A19 and A1(M)
  • Occupiers within the business park include The NHS, AES Seal Plc and Home Group Limited
  • Lot
    29
  • Auction
    11th July 2019
  • Rent
    £30,375 per Annum Exclusive
  • Status
    Sold
  • Price
    £339,000
  • Sector
    Office
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Administrators at Moorfields
Important Update
  • Expand
  • Photos
  • Map

* More information on the term "guide" can be found here

Freehold Dental Surgery and Office Investment

  • Modern office building on established industrial park
  • Majority let to Whitecross Dental Care Limited t/a My Dentist
  • Strong road connections via the A66, A19 and A1(M)
  • Occupiers within the business park include The NHS, AES Seal Plc and Home Group Limited
  • Lot 29
  • Auction 11th July 2019
  • Rent
  • Status Sold
  • Price £339,000
  • Sector
    Office
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • On behalf of Administrators at Moorfields

Property Information

Location
Miles
13 miles north-west of Darlington
24 miles south-east of Durham
35 miles south of Newcastle upon Tyne
Roads
A66, A19 and A1(M)
Rail
Stockton Railway Station
Air
Durham Tees Valley International Airport
Situation

Falcon Court is located on the established and popular Preston Farm Business Park, just two miles south of Stockton-on-Tees town centre. The business park benefits from strong road connections via the A135, A66 and A1(M). Occupiers within the business park include The NHS, AES Seal Plc, Home Group Limited and Northern Powergrid. Falcon Court also benefits from a creche and Greggs.

Tenure

Freehold.

Location
Miles
13 miles north-west of Darlington
24 miles south-east of Durham
35 miles south of Newcastle upon Tyne
Roads
A66, A19 and A1(M)
Rail
Stockton Railway Station
Air
Durham Tees Valley International Airport
Situation

Falcon Court is located on the established and popular Preston Farm Business Park, just two miles south of Stockton-on-Tees town centre. The business park benefits from strong road connections via the A135, A66 and A1(M). Occupiers within the business park include The NHS, AES Seal Plc, Home Group Limited and Northern Powergrid. Falcon Court also benefits from a creche and Greggs.

Tenure

Freehold.

Description

The property comprises a detached two storey building providing office accommodation over ground and first floors. The property benefits from rights to parking.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

Band C. See legal pack at www.acuitus.co.uk

Description

The property comprises a detached two storey building providing office accommodation over ground and first floors. The property benefits from rights to parking.

VAT

VAT is applicable to this lot.

Note

This property is being marketed for sale on behalf of Joint Administrators and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the Joint Administrators to the best of their knowledge, but the purchaser must rely solely upon their own enquiries. The Joint Administrators are not bound to accept the highest or any offer and are acting in respect of this sale without personal liability.

Completion Period

Six Week Completion

EPC

Band C. See legal pack at www.acuitus.co.uk

Tenancy & Accommodation

Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x Reviews/
(Reversion)
Ground Office 133.96 sq m (1,442 sq ft) ADULT PLACEMENT
SERVICES LIMITED
t/a Avalon
5 years from
25/08/2016
£7,500 (24/08/2021)
Ground Office 102.37 sq m (1,102 sq ft) VACANT (1)      
First Office 165.46 sq m (1,781 sq ft) WHITECROSS DENTAL
CARE LIMITED (1)
t/a My Dentist
15 years from
29/02/2016 (2)
£18,375 01/03/2021 and
01/03/2025
(28/02/2031)
First Office
69.68 sq m
(750 sq ft) WHITECROSS DENTAL
CARE LIMITED (1)
t/a My Dentist
15 years from
29/02/2016 (3)
£4,500 29/02/2021 and
29/02/2026
(28/02/2031)
Totals  
471.47 sq m
(5,075 sq ft)
    £30,375  

(1) The Whitecross Dental Care Limited has expressed an interest in expanding into the ground floor vacant suite. Whitecross Dental Care functions through mydentist, which operates a network of 600+ NHS funded and private pay dental practices across the UK (Source: mydentist.co.uk 13/06/2019).
(2) The lease provides for a tenant only option to determine on 01/03/2026 with 6 months notice.
(3) The lease provides for a tenant only option to determine on 29/02/2026 with 6 months notice.

Property Documents

  • Catalogue Page
    Updated Date
    19.06.19
    File Size
    616 KB
    View PDF
  • Site Plan
    Updated Date
    19.06.19
    File Size
    496 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Seller's Solicitors
Brecher LLP 64 North Row
London
W1K 7DA
James Empson 0207 563 1039jempson@brecher.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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