The Ilchester Surgery, 17 Church Street Ilchester, Near Yeovil Somerset BA22 8LN

  • The Ilchester Surgery, 17 Church Street<br>Ilchester, Near Yeovil<br>Somerset<br>BA22 8LN

The Ilchester Surgery, 17 Church Street
Ilchester, Near Yeovil
Somerset
BA22 8LN

Freehold Doctors Surgery Investment

  • Let as Doctors Surgery with guarantee from Yeovil District Hospital NHS Trust
  • 15 year lease expiring April 2031 (subject to option)
  • 3 yearly Rent Reviews (rent increased from 19,000 pa in 2019)
  • Future change of use potential
  • VAT-free investment
  • Historic Somerset Centre
  • Lot
    2
  • Auction
    23rd September 2020
  • Rent
    £20,250 per Annum Exclusive
  • Status
    Sold
  • Price
    £350,000
  • Auction Venue
    Live Streamed Auction
Interested?
  • Expand
  • Photos
  • Map

Freehold Doctors Surgery Investment

  • Let as Doctors Surgery with guarantee from Yeovil District Hospital NHS Trust
  • 15 year lease expiring April 2031 (subject to option)
  • 3 yearly Rent Reviews (rent increased from 19,000 pa in 2019)
  • Future change of use potential
  • VAT-free investment
  • Historic Somerset Centre
  • Lot 2
  • Auction 23rd September 2020
  • Rent £20,250 per Annum Exclusive
  • Status Sold
  • Price £350,000
  • Sector
    Medical Centre/Doctors, Healthcare
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
5 miles north of Yeovil
24 miles east of Taunton
Roads
A37, A303, A327
Rail
Air
Bristol International Airport
Situation

Ilchester is an attractive and historic Somerset town, approximately 5 miles north of Yeovil and 24 miles east of Taunton. The property is located on the south side of Church Street, close to High Street and adjacent to the Ilchester Arms Hotel. Various independent shops, pubs and restaurants are located nearby.

Tenure

Freehold.

Location
Miles
5 miles north of Yeovil
24 miles east of Taunton
Roads
A37, A303, A327
Rail
Air
Bristol International Airport
Situation

Ilchester is an attractive and historic Somerset town, approximately 5 miles north of Yeovil and 24 miles east of Taunton. The property is located on the south side of Church Street, close to High Street and adjacent to the Ilchester Arms Hotel. Various independent shops, pubs and restaurants are located nearby.

Tenure

Freehold.

Description

The property comprises a doctors surgery, arranged on the ground and part first floors. Part of the first floor has been let on a long lease to a Dental Surgery. The property includes on-site parking to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion Available

EPC

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

Description

The property comprises a doctors surgery, arranged on the ground and part first floors. Part of the first floor has been let on a long lease to a Dental Surgery. The property includes on-site parking to the rear.

VAT

VAT is not applicable to this lot.

Completion Period

Six Week Completion Available

EPC

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

Tenancy & Accommodation

Floor Use Gross InternalFloor Areas
(Approx)
Tenant Term Rent p.a.x Reviews
Ground
Part First
Doctors Surgery
163.23 sq m
33.44 sq m
(1,757 sq ft)
(360 sq ft)
THE YEOVIL PROPERTY
OPERATING COMPANY
LIMITED (t/a Ilchester
Surgery) with a guarantee
from YEOVIL DISTRICT
HOSPITAL NHS TRUST (1)
15 years from07/04/2016 until
06/04/2031 (2)
£20,200 07/04/2022, 07/04/2025, 07/04/2028
Part First Dental Surgery 97.55 sq m (1,050 sq ft) ROWANMOOR TRUSTEES
LIMITED AND PAULA
RICHARDSON
999 years from
03/09/1980 (3)
£50 -
Total Commercial Area
393.34 sq m
(3,167 sq ft)
    £20,250  

(1) The lease is excluded from the provision of the 1954 Landlord & Tenant Act.
(2) The lease is subject to a tenant option to determine on 07/04/2024 subject to 9 months notice.
(3) Part of the first floor is held on two leases, each let to the same tenant on the same terms, each at 25 pa, totalling 50pa.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Churchers Solicitors 12 High Street
Fareham
Hampshire
PO16 7BL
Nick Eve 01329 822 333neve@churchers.co.uk

Useful Links

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

By clicking the Submit button I confirm that I would like to get updates on this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

We will keep you updated about lot xthis property.

In the meantime, if you would like to speak to the Surveyor about this property, please call on .

Are you sure you want to remove this property from your Watch List?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?