Modern Doctor's Surgery to be let on 20-year lease from completion (subject to options)
Three yearly rent reviews
Substantial Medical Centre of approximately 708.30 sq m (7,622 sq ft)
Opposite large car park
Located in Hastings Old Town centre in a densely populated residential area
Lot 7
Auction 15th February 2024
Rent £125,255 per Annum Exclusive
Status Sold Post
Price
Sector Medical Centre/Doctors, Healthcare
Auction Venue Live Streamed Auction
On Behalf of Joint Receivers
Property Information
Location
Miles
28 miles south-east of Royal Tunbridge Wells, 70 miles south-east of Central London
Roads
A21, A27, A259, A2101
Rail
Hastings Railway Station
Air
London Gatwick Airport
Situation
Hastings is a historic seaside town in East Sussex. The property is prominently situated within Hastings Old Town, a pleasant residential suburb, approximately 1 mile to the east of Hastings town centre, on the northern side of Rock-A-Nore Road. The property is opposite a large car park which is adjacent to the seafront.
Tenure
Virtual Freehold. Held for a term of 999 years from 29th September 2015 at a peppercorn rent.
Location
Miles
28 miles south-east of Royal Tunbridge Wells, 70 miles south-east of Central London
Roads
A21, A27, A259, A2101
Rail
Hastings Railway Station
Air
London Gatwick Airport
Situation
Hastings is a historic seaside town in East Sussex. The property is prominently situated within Hastings Old Town, a pleasant residential suburb, approximately 1 mile to the east of Hastings town centre, on the northern side of Rock-A-Nore Road. The property is opposite a large car park which is adjacent to the seafront.
Tenure
Virtual Freehold. Held for a term of 999 years from 29th September 2015 at a peppercorn rent.
Description
The property comprises a Medical Centre arranged over ground, basement and 5 upper floors.
VAT
Please refer to the solicitors legal pack.
Note
This property is being marketed for sale on behalf of Joint Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
Completion Period
Six Week Completion
EPC
Band B
Description
The property comprises a Medical Centre arranged over ground, basement and 5 upper floors.
VAT
Please refer to the solicitors legal pack.
Note
This property is being marketed for sale on behalf of Joint Receivers and therefore no warranties, representations or guarantees are given or will be given in respect of the information in this brochure or any matter relating to the property, including VAT. Any information provided is provided without liability for any reliance placed on it and the Receivers are acting without personal liability. The Receivers are not bound to accept the highest or any offer.
DR CRAIG NAMVAR, STEVE BOXWELL & KIRSTEN ADAMS (1) (t/a Hastings Old Town Surgery)
20 years from completion of the sale (3)
£125,255 (2)
3 yearly
Total
708.30
(7,622) (4)
£125,255
(1) According to the NHS website, as of the 25/01/2024 the surgery had 25,674 patients registered and the current CQC rating is 'Good' (www.cqc.org.uk). Hastings and Rother Healthcare also practice from two other surgeries in Hastings (www.hastingsandrother.healthcare). (2) The rental payments are provided by the tenant who is then reimbursed by the NHS. (3) The tenant has the right to break the lease in the event that NHS funding is removed, subject to serving a minimum of 6 months notice within the 12 month period following the removal of the NHS funding. Please see legal pack for full details. (4) The floor areas stated above have been provided by the District Valuer. The floor areas must not be relied upon by the Buyer and do not form part of the contract of sale.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
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