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
    23/Sep/2020
  • Rent
    £20,250 per Annum Exclusive
  • Status
    Sold
  • Price*
    £350,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
  • The Ilchester Surgery, 17 Church Street<br>Ilchester, Near Yeovil<br>Somerset<br>BA22 8LN
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  • Map

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

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.

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

FloorUseGross InternalFloor Areas
(Approx)
TenantTermRent p.a.xReviews
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)
£20,20007/04/2022, 07/04/2025, 07/04/2028
Part FirstDental Surgery97.55 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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    02.09.20
    File Size
    22 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    931 KB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    630 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860george.goucher@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

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