Let to Colosseum Dental UK Partnerships Limited with a guarantee from Colosseum Dental UK Limited
Lease expires November 2033 (subject to tenant only break option in November 2023)
Busy main road frontage on Norwood Road (A215) and 200 metres from Tulse Hill Train Station
Asset Management and Change of Use Opportunities
Fashionable London Suburb
VAT-free investment
Lot 5
Auction 5th May 2021
Rent £49,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Medical Centre/Doctors, Healthcare
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1.5 miles south-west of Dulwich Village
5 miles south-east of Central London
Roads
A23, A205 (South Circular)
Rail
Tulse Hill (200m)
Air
London Gatwick, London Heathrow
Situation
Tulse Hill is in the London Borough of Lambeth, and is approximately 1.5 miles south-west of Dulwich Village and 5 miles south-east of Central London. The property is located on the east side of Norwood Road, close to its junction with Elmcourt Road in an excellent position less than 200m from Tulse Hill Station (Thameslink and Southern). The property is situated in a predominantly residential location, with private houses either side and nearby occupiers including Anytime Fitness, Elmcourt Health Centre and various independent shops and cafe's.
Tenure
Freehold.
Location
Miles
1.5 miles south-west of Dulwich Village
5 miles south-east of Central London
Roads
A23, A205 (South Circular)
Rail
Tulse Hill (200m)
Air
London Gatwick, London Heathrow
Situation
Tulse Hill is in the London Borough of Lambeth, and is approximately 1.5 miles south-west of Dulwich Village and 5 miles south-east of Central London. The property is located on the east side of Norwood Road, close to its junction with Elmcourt Road in an excellent position less than 200m from Tulse Hill Station (Thameslink and Southern). The property is situated in a predominantly residential location, with private houses either side and nearby occupiers including Anytime Fitness, Elmcourt Health Centre and various independent shops and cafe's.
Tenure
Freehold.
Description
The property comprises a two storey terraced building with attic conversion, previously used as a dental practice, and prior to that a residential house, comprising seven rooms including 3 surgeries, as well as a kitchen, bathroom, w/c and office/attic. The property benefits from a large garden to the front and a small garden/yard area to the rear.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
D. See legal pack at www.acuitus.co.uk.
Description
The property comprises a two storey terraced building with attic conversion, previously used as a dental practice, and prior to that a residential house, comprising seven rooms including 3 surgeries, as well as a kitchen, bathroom, w/c and office/attic. The property benefits from a large garden to the front and a small garden/yard area to the rear.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
D. See legal pack at www.acuitus.co.uk.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Ground First Second (Attic)
Former Dentist/Ancillary Former Dentist/Ancillary Office
52.40 sq m 39.60 sq m 35.50 sq m
(563 sq ft) (425 sq ft) (382 sq ft)
COLOSSEUM DENTAL UK PARTNERSHIPS LIMITED with a guarantee from COLOSSEUM DENTAL UK LIMITED (2)
20 years from 14/11/2013 until 13/11/2033 (3) on a full repairing and insuring lease
£49,000
Total
127.50 sq m (1)
(1,370 sq ft) (1)
£49,000
(1) Total Gross Internal Area is 148.30 sq m (1,592 sq ft). (2) Colloseum Dental are one of the UK's major providers of dentistry with over 70 clinics and more than 750,000 NHS and private patients (www.colosseumdental.co.uk). The tenant is not currently in occupation. (3) The lease is subject to a tenant option to determine in November 2023.
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.
