18 Mount Avenue
New Milton
Hampshire
BH25 6NT

Freehold Dental Surgery Investment

  • Let to Whitecross Dental Care Limited with a guarantee from Integrated Dental Holdings Limited
  • 15 year lease renewal from 22nd July 2021
  • (subject to option at year 10)
  • Re-based rent
  • Rent rising to £33,942.25 pa in July 2026 and rising to £38,402.54 pa in July 2031
  • 900 metres south of New Milton Railway station in Affluent New Forest Tourist Town
  • VAT-free Dental Surgery Investment
  • Lot
    2
  • Auction
    24/Sep/2021
  • Rent
    £30,000 per Annum Exclusive
  • Status
    Sold
  • Price*
    £614,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
  • 18 Mount Avenue, New Milton, Hampshire, BH25 6NT
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
10 miles east of Bournemouth
16 miles south-west of Southampton
Roads
A337, A31, M27
Rail
New Milton Railway Station
Air
Bournemouth Airport, Southampton Airport,
Situation

New Milton is a market town in Hampshire, approximately 10 miles east of Bournemouth. The property is situated in a predominantly residential area on the east side of Mount Avenue, opposite it's junction to Cowper Avenue, and approximately 900 metres south of New Milton Railway Station.

Tenure

Freehold.

Description

The property comprises a Dental Surgery arranged on the ground, first and second floors. The property benefits from on site parking to the rear.

VAT

VAT is not applicable to this lot.

Note

Please note the buyer will pay 1% plus VAT of the purchase price towards the Vendor's costs in addition to the cost of the searches. Please see Special Conditions of Sale.

Completion Period

Six Week Completion

EPC

Band E. See legal pack.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.x
Ground
First
Second
Dental Surgery
Dental Surgery
Ancillary
66.20 sq m
72.70 sq m
18.20 sq m
(713 sq ft)
(782 sq ft)
(196 sq ft)
WHITECROSS
DENTAL CARE
LIMITED with a
guarantee from
INTEGRATED
DENTAL HOLDINGS
LIMITED (2)
15 years from
22/07/2021 until
21/07/2036 (3) on
a full repairing and
insuring lease
£30,000 rising to £33,942.25 in July 2026
rising to £38,402.54 in
July 2031
Total
157.10 sq m
(1,691 sq ft)(1)
  £30,000 (with fixedrental uplifts every5 years)

(1) Floor areas provided by the Valuation Office Agency (www.gov.uk).
(2) For the year ending 31st March 2019, Whitecross Dental Care limited reported a turnover of £166,771,000, a pre-tax profit of negative £56,039,000 and shareholder funds of £5,341,000. Integrated Dental Holdings Limited did not report a turnover or pre-tax profit, but reported a total net worth of £18,263,000 (Source: NorthRow 27/07/2021).
(3) The lease provides for a tenant option to determine the lease at the expiry of the 10th year on 22/07/2031.

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

  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    731 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    681 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854 +44 (0)7824 705 955billy.struth@acuitus.co.uk
Seller's Solicitors
Structadene Group 9 White Lion Street
London
N1 9PD
James Thomson 0207 843 9196james.t@pearl-coutts.co.uk

Useful Links

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