The Sollershot Doctors Surgery 44 Sollershott East Letchworth Garden City Hertfordshire SG6 3JW

  • The Sollershot Doctors Surgery<br>44 Sollershott East<br>Letchworth Garden City<br>Hertfordshire<br>SG6 3JW

The Sollershot Doctors Surgery
44 Sollershott East
Letchworth Garden City
Hertfordshire
SG6 3JW

Prominent Doctors Surgery Investment

  • Predominantly let to NHS Property Services Limited
  • Lease expires March 2025
  • 2017 Rent Review outstanding (notice recently served quoting £75,200 per annum)
  • Approximately 3,829 sq ft with on-site car parking
  • Popular and affluent Hertfordshire commuter town
  • Lot
    25
  • Auction
    5th December 2018
  • Rent
    Gross: £69,750 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
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Prominent Doctors Surgery Investment

  • Predominantly let to NHS Property Services Limited
  • Lease expires March 2025
  • 2017 Rent Review outstanding (notice recently served quoting £75,200 per annum)
  • Approximately 3,829 sq ft with on-site car parking
  • Popular and affluent Hertfordshire commuter town
  • Lot 25
  • Auction 5th December 2018
  • Rent Gross: £69,750 per Annum Exclusive
  • Status Withdrawn Post
  • Price  
  • Sector
    Medical Centre/Doctors, Healthcare
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG

Property Information

Location
Miles
4 miles north-east of Hitchin, 20 miles south-west of Cambridge
Roads
A505, A1(M) (Junction 9)
Rail
Letchworth Garden City Railway Station
Air
London Luton Airport
Situation

The property is situated in a predominantly residential location, at the junction of Sollershott East and Ralph Swingler Place, with Baldock Road (A505) to the south and Letchworth Garden City centre some 0.5 miles to the north.

Tenure

Leasehold. The property is held from Letchworth Garden City Heritage Foundation for a term of 125 years from 24/06/2001 until 23/06/2126 at nil rent.

Location
Miles
4 miles north-east of Hitchin, 20 miles south-west of Cambridge
Roads
A505, A1(M) (Junction 9)
Rail
Letchworth Garden City Railway Station
Air
London Luton Airport
Situation

The property is situated in a predominantly residential location, at the junction of Sollershott East and Ralph Swingler Place, with Baldock Road (A505) to the south and Letchworth Garden City centre some 0.5 miles to the north.

Tenure

Leasehold. The property is held from Letchworth Garden City Heritage Foundation for a term of 125 years from 24/06/2001 until 23/06/2126 at nil rent.

Description

The property comprises a ground and part first floor doctors surgery, with a residential flat located on part first floor, which is let on a long lease. The property benefits from a large site with car parking for approximately 7 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

EPC Rating Band C. See legal pack at acuitus.co.uk

Description

The property comprises a ground and part first floor doctors surgery, with a residential flat located on part first floor, which is let on a long lease. The property benefits from a large site with car parking for approximately 7 cars.

VAT

VAT is applicable to this lot.

Completion Period

Six Week Completion

EPC

EPC Rating Band C. See legal pack at acuitus.co.uk

Tenancy & Accommodation

Floor Use
Floor Areas (Approx)
 Tenant Term Rent p.a.x Reviews
Ground
Part First		 Medical Surgery
Medical Surgery
248.02 sq m
107.66 sq m
(2,670 sq ft)
(1,159 sq ft)
 NHS PROPERTY
SERVICES LIMITED
(1)		 20 years from
25/03/2005 until
24/03/2025		 £69,750 25/03/2017 (2)
25/03/2021
Part First Residential Flat
-
(-)
 AN INDIVIDUAL 125 years from
25/12/1988 until
24/12/2113		 – –
Total Commercial Area
355.68 sq m
(3,829 sq ft)
     £69,750  

(1) For the year ended 31st March 2017, NHS Property Services Limited reported a turnover of £792,269,000, a pre-tax loss of £32,786,000 and a net worth of £3,269,287,000 (Source : Experian 01/11/2018).
(2) The 2017 rent review is outstanding and a rent review notice quoting £75,200 p.a. has been served.
NB. Under the provisions of the Estate Agents Act 1979, a Director of the Associate Auctioneer declares an interest in this property.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Associate Auctioneers
Messrs John Shilcock 99 Bancroft
Hitchin
Hertfordshire
SG5 1NQ
Jeremy Hill 01462 459 154jeremyhill@shilcock.com
Seller's Solicitors
BBW Solicitors Broadway Chambers
Letchworth Garden City
SG6 3AD
Joanne Guest 01462 478 828j.guest@bbwlaw.biz

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
AquillaNatasha Ward+44 (0)20 3159 4314+44 (0)7545 208 759natashaw@aquillaib.co.uk

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