Part underlet to National Co-Operative Chemists Limited, as a pharmacy
Lot 7
Auction 8th December 2011
Rent £83,750 per Annum Exclusive
Status Sold Prior
Price
Sector Medical Centre/Doctors, Healthcare
Auction Venue Millennium Hotel 44 Grosvenor Square London W1K 2HP
On behalf of the Co-operative Estates
Property Information
Location
Miles
35 mile west of King's Lynn, , 37 miles north of Cambridge, , 41 miles east of Leicester
Roads
A47, A1(M)
Rail
Peterborough Rail Station
Air
Luton Airport
Situation
Millfield is a district of Peterborough, north of the city centre. The medical centre is situated in the heart of the district centre, close to a number of local and national traders. Nearby occupiers include Iceland, Co-Operative Food Store and Lloyds Bank.
Tenure
Freehold.
Location
Miles
35 mile west of King's Lynn, , 37 miles north of Cambridge, , 41 miles east of Leicester
Roads
A47, A1(M)
Rail
Peterborough Rail Station
Air
Luton Airport
Situation
Millfield is a district of Peterborough, north of the city centre. The medical centre is situated in the heart of the district centre, close to a number of local and national traders. Nearby occupiers include Iceland, Co-Operative Food Store and Lloyds Bank.
Tenure
Freehold.
Description
The property comprises a single storey traditional shop frontage which has been extended at the rear. The property benefits from a car park with 17 spaces.
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 single storey traditional shop frontage which has been extended at the rear. The property benefits from a car park with 17 spaces.
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
Reviews (Reversions)
Ground
Surgery
586.70 sq m
(6,315 sq ft)
DR KENEDY AND DR WATERS (t/a Millfield Medical Centre) (1)
20 years from 23/12/2008 (2)
£83,750
01/12/2013
Totals
586.70 sq m
(6,315 sq ft)
£83,750
(1) The Millfield Medical Centre operates with 5 residential doctors catering for the needs of some 10,000 patients. (Source: www.millfieldsmedicalcentre.co.uk) (2) The lease contains a tenant's option to determine on the 23rd December 2018. (3) Part underlet to National Co-Operative Chemists Ltd as a pharmacy.
