2A Scotter Road
Bishopstoke, Eastleigh
Hampshire
SO50 6AJ

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 £14,142.60 pa in July 2026 and rising to £16,001.06 pa in July 2031
  • VAT-free Dental Surgery Investment
  • Lot
    33
  • Auction
    24/Sep/2021
  • Rent
    £12,500 per Annum Exclusive
  • Status
    Sold
  • Price*
    £204,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
  • 2A Scotter Road, Bishopstoke, Eastleigh, Hampshire, SO50 6AJ
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
18 miles north-west of Portsmouth
30 miles north-east of Bournemouth
Roads
A3037, M3 (Junction 13), M27
Rail
Eastleigh Railway Station
Air
Southampton International Airport
Situation

Bishopstoke is located to the east of Eastleigh, approximately 18 miles north-west of Portsmouth and 30 miles north-east of Bournemouth. The property is located on the corner of Scotter Road and Fair Oak Road in a predominantly residential area, approximately 0.6 miles east of Eastleigh Railway station and the town centre.

Tenure

Virtual Freehold. Virtual Freehold, for a term of 999 years from 12th February 1976 at a fixed rent of £0.05p per annum.

Description

The property comprises a Dental Surgery arranged on the first floor only, forming part of a larger building.

VAT

VAT is not applicable to this lot.

Note

Please note the buyer will pay 1.5% 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
FirstDental Surgery
80.93 sq m
(871 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)
£12,500 rising to
£14,142.60 in July 2026
rising to £16,001.06 in
July 2031
Total
80.93 sq m
(871 sq ft)
(1)
  £12,500 (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.

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
    558 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    327 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

By clicking the Submit button I confirm that I would like to register my interest in this Property. Please email me updates when they are published.

If you have a query, please fill in the box below, otherwise click the Submit button.

You have 200 character(s) left.

Are you sure you want to remove this property from My Catalogue?

Are you sure you are no longer interested in this property?

Are you sure you want to delete your Account?

Making the buying and selling of property a seamless experience
Everything you need to know whether you are a buyer or sellerHelp Centre
How can Acuitus Finance help you with bridging finance
How can Acuitus Finance help you with bridging financeObtain bridging finance now