Tenancy & Accommodation
| Floor |
Use |
Floor Areas
(Approx) |
Tenant |
Term |
Rent p.a.x |
Ground
First
Second |
Dental Surgery
Ancillary
Ancillary |
37.78 sq m
32.52 sq m
27.83 sq m |
(407 sq ft)
(350 sq ft)
(299 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) |
£13,000 rising to
£14,708.31 in July
2026 rising to
£16,641.10 in July
2031 |
Total
|
98.13 sq m |
(1,056 sq ft)
(1) |
|
|
£13,000 (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.
(4) The lease is full repairing & insuring, subject to a Schedule of Condition.
