Tenancy & Accommodation
| Floor |
Use |
Floor Areas
(Approx) |
Tenant |
Term |
Rent p.a.x |
Ground
First
Second |
Dental Surgery
Ancillary
Ancillary |
48.50 sq m
35.00 sq m
16.70 sq m |
(522 sq ft)
(376 sq ft)
(180 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 (4) |
£22,000 rising to
£24,890.98 in July 2026
rising to £28,161.86 in
July 2031 |
Total
|
100.20 sq m |
(1,078 sq ft)
(1) |
|
|
£22,000 (with fixed
rental uplifts every
5 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 on 22/07/2026 and 22/07/2031. The tenant has agreed a 12 month break penalty if they exercise the option at the expiry of the 5th year.
(4) The lease is full repairing & insuring, subject to a Schedule of Condition.
