Lomead House St John's Road Whitland Carmarthenshire SA34 0AP

Lomead House
St John's Road
Whitland
Carmarthenshire
SA34 0AP

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 options)
  • 12 month rental break penalty at year 5 if break option exercised
  • Re-based rent
  • Rent rising to £23,759.57 pa in July 2026 and rising to £26,881.78 pa in July 2031
  • VAT-free Dental Surgery Investment
  • Lot
    20
  • Auction
    24th September 2021
  • Rent
    £21,000 per Annum Exclusive
  • Status
    Sold Post
  • Price
     
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
  • Expand
  • Photos
  • Map

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

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 options)
  • 12 month rental break penalty at year 5 if break option exercised
  • Re-based rent
  • Rent rising to £23,759.57 pa in July 2026 and rising to £26,881.78 pa in July 2031
  • VAT-free Dental Surgery Investment
  • Lot 20
  • Auction 24th September 2021
  • Rent
  • Status Sold Post
  • Price  
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction

Property Information

Location
Miles
13 miles west of Carmarthen
38 miles north west of Swansea
Roads
A40
Rail
Whitland Railway Station
Situation

Whitland is located approximately 13 miles north of Tenby and 38 miles north-west of Swansea. The property is prominently situated in the centre of Whitland, on the west side of St John's Street approximately 100 metres north of Whitland Railway Station.

Tenure

Freehold.

Location
Miles
13 miles west of Carmarthen
38 miles north west of Swansea
Roads
A40
Rail
Whitland Railway Station
Situation

Whitland is located approximately 13 miles north of Tenby and 38 miles north-west of Swansea. The property is prominently situated in the centre of Whitland, on the west side of St John's Street approximately 100 metres north of Whitland Railway Station.

Tenure

Freehold.

Description

The property comprises a Dental Surgery arranged on the ground and first floors.

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 D. See legal pack.

Description

The property comprises a Dental Surgery arranged on the ground and first floors.

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 D. See legal pack.

Tenancy & Accommodation

Floor Use Floor Areas
(Approx)
Tenant Term Rent p.a.x
Ground
First
Dental
Practice
Ancillary
127.40 sq m
60.11 sq m
(1,371 sq ft)
(647 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
£21,000 rising to
£23,759.57 in July 2026
rising to £26,881.78 in
July 2031
Total
187.51 sq m
(2,018 sq ft)
(1)
    £21,000 (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 rental break penalty if they exercise the option at the expiry of the 5th year.

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.

Property Documents

  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    727 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    393 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
Seller's Solicitors
Structadene Group 9 White Lion Street
London
N1 9PD
James Thomson 0207 843 9196james.t@pearl-coutts.co.uk

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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