Long Let Freehold Purpose-Built Doctor's Surgery Investment
Entirely let to Aston Healthcare Limited - a part of Primary Care Knowsley
Newly re-geared lease with 15 years unexpired, with no breaks
Majority of Rental and Occupational Costs Reimbursed by the NHS
Village Centre location with new housing developments increasing the Practice catchment population
VAT-Free Medical Investment
Lot 10
Auction 11th February 2021
Rent £70,000 per Annum Exclusive
Status Sold Prior
Price
Sector Medical/Healthcare
Auction Venue Live Streamed Auction
Property Information
Location
Miles
8 miles north-east of Liverpool
Roads
A580, M57, M58, M62
Rail
Air
Liverpool Airport
Situation
Knowsley is an attractive and popular commuter village located 8 miles north-east of Liverpool City Centre which benefits from excellent road connections being less than two miles from Junction 4 of the M57 motorway. The property is situated on the east side of Frederick Lunt Avenue, fronting the attractive Syders Grove Park & Garden, in a predominantly residential village centre location. Nearby occupiers include Care Pharmacy, Knowsley Post Office, Texaco and GoLocal.
Tenure
Freehold.
Location
Miles
8 miles north-east of Liverpool
Roads
A580, M57, M58, M62
Rail
Air
Liverpool Airport
Situation
Knowsley is an attractive and popular commuter village located 8 miles north-east of Liverpool City Centre which benefits from excellent road connections being less than two miles from Junction 4 of the M57 motorway. The property is situated on the east side of Frederick Lunt Avenue, fronting the attractive Syders Grove Park & Garden, in a predominantly residential village centre location. Nearby occupiers include Care Pharmacy, Knowsley Post Office, Texaco and GoLocal.
Tenure
Freehold.
Description
The property comprises a purpose built single storey doctor's surgery comprising a reception/waiting area, consulting rooms and ancillary offices. The property benefits from parking for about 12 cars.
VAT
VAT is not applicable to this lot.
EPC
C. See legal pack at www.acuitus.co.uk.
Description
The property comprises a purpose built single storey doctor's surgery comprising a reception/waiting area, consulting rooms and ancillary offices. The property benefits from parking for about 12 cars.
VAT
VAT is not applicable to this lot.
EPC
C. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground
Consulting Rooms/Office Reception/Waiting Area
174.40 sq m 103.00 sq m
(1,877 sq ft) (1,109 sq ft)
ASTON HEALTHCARE LIMITED (2) t/a Knowsley Medical Centre
25 years from 01/12/2010 until 30/11/2035 on a full repairing and insuring lease (3)(4)
£70,000
30/11/2025 30/11/2030 30/11/2035
Total
277.40 sq m (1)
(2,986 sq ft) (1)
£70,000
(1) Approximate net internal floor areas. Gross Internal Area is approximately 332.80 sq m (3,582 sq ft). (2) Aston Healthcare Limited manages some 27,000 patients across 6 medical centres in Liverpool and the surrounding areas. Aston Healthcare Limited is part of Primary Care Knowsley, which has five practices operating from 11 locations across Merseyside under common ownership, including Knowsley Village Medical Centre (www.astonhealth.nhs.uk/). (3) By way of a Deed of Variation dated 22nd December 2020, the rolling break clause was removed. (4) By way of a Reversionary Lease dated 22 December 2020, the term of the lease was effectively extended by 5 years to provide almost 15 years term certain, thereby expiring on 30th November 2035.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
