230 - 234 Battlefield Road Glasgow G42 9HN

230 - 234 Battlefield Road
Glasgow
G42 9HN

Heritable Dental Surgery Investment

Let to Petrie Tucker & Partners Limited
Lease expires in May 2025 (by way of lease extension)
May 2019 Tenant Break Option not exercised
Nearby retailers on Battlefield Road include Sainsbury's, Greggs, Domino's and Subway and 0.2 miles from Mount Florida Train Station
Forms part of an attractive period building
VAT-free investment

Lot
44
Auction
11th July 2019
Rent
£16,065 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

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Heritable Dental Surgery Investment

Let to Petrie Tucker & Partners Limited
Lease expires in May 2025 (by way of lease extension)
May 2019 Tenant Break Option not exercised
Nearby retailers on Battlefield Road include Sainsbury's, Greggs, Domino's and Subway and 0.2 miles from Mount Florida Train Station
Forms part of an attractive period building
VAT-free investment

Lot 44
Auction 11th July 2019
Rent £16,065 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
The Montcalm Hotel
2 Wallenberg Place
London W1H 7TN

Property Information

Location

Miles: 2 miles south of Central Glasgow; 47 miles west of Edinburgh
Roads: A74, A77, M8, M74, M77, M80
Rail: Mount Florida
Air: Glasgow Airport

Situation

The property is located in Mount Florida, a southern suburb of Glasgow approximately 2 miles south of the city centre. The property is situated opposite the Langside Campus, part of Glasgow Clyde College and a very short walk to Mount Florida Train Station, as well as being within close proximity to Hampden Park, Scotland's national stadium. Nearby retailers on Battlefield Road include Sainsbury's Local, Gregg's, Domino's Pizza and Subway.

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Location

Miles: 2 miles south of Central Glasgow; 47 miles west of Edinburgh
Roads: A74, A77, M8, M74, M77, M80
Rail: Mount Florida
Air: Glasgow Airport

Situation

Tenure

Heritable. (Scottish Equivalent of English Freehold).

Description

The property comprises a ground and first floor dental practice which forms part of a larger period building.

VAT

VAT is not 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 and first floor dental practice which forms part of a larger period building.

VAT

VAT is not 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
Ground First	Dental Practice Dental Practice	95.97 sq m 79.49 sq m	(1,033 sq ft) (856 sq ft)	PETRIE TUCKER & PARTNERS LIMITED (1) t/a MyDentist (2)	Approximately 23 years from 25/07/2002 until 27/05/2025 on a full repairing and insuring lease (3)	£16,065	28/05/2019 (4) and 28/05/2024
Total		175.46 sq m	(1,889 sq ft)			£16,065

(1) For the year ending 31st March 2018, Petrie Tucker and Partners Limited reported a turnover of £52,468,000, pre-tax profit of £4,245,000 and a total net worth of £70,173,000.
(2) Mydentist is Europe's largest dental car provider with over 600 practices throughout the UK and Europe.
(3) The lease is full repairing and insuring, subject to a Schedule of Condition.
(4) The May 2019 Rent Review is outstanding.