Let to Petrie Tucker & Partners Limited with a guarantee from Integrated Dental Holdings Limited
Lease expires in May 2025 (by way of lease extension in 2012)
May 2019 tenant break option not exercised
Nearby retailers on Battlefield Road include Sainsbury’s, Greggs, Domino’s and Subway
0.2 miles from Mount Florida Train Station
2 miles south of Glasgow city centre
VAT-free dental surgery investment
Lot 13
Auction 11th July 2019
Rent £14,175 per Annum Exclusive
Status Sold
Price £190,000
Sector Medical Centre/Doctors, Healthcare
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
2 miles south of Central Glasgow
47 miles west of Edinburgh
Roads
A74, A77, M8, M74, M77, M80
Rail
Mount Florida
Air
Glasgow Airport
Situation
The property is located in Mount Florida, a southern suburb of Glasgow approximately 2 miles south of the City Centre. The property is situated near the Langside Campus, part of Glasgow Clyde College and a very short walk to Mount Florida Train Station, as well as being within close proximity to Hampden Park, Scotland's national stadium. Nearby retailers on Battlefield Road include Sainsbury's Local, Gregg's, Domino's Pizza and Subway.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Location
Miles
2 miles south of Central Glasgow
47 miles west of Edinburgh
Roads
A74, A77, M8, M74, M77, M80
Rail
Mount Florida
Air
Glasgow Airport
Situation
The property is located in Mount Florida, a southern suburb of Glasgow approximately 2 miles south of the City Centre. The property is situated near the Langside Campus, part of Glasgow Clyde College and a very short walk to Mount Florida Train Station, as well as being within close proximity to Hampden Park, Scotland's national stadium. Nearby retailers on Battlefield Road include Sainsbury's Local, Gregg's, Domino's Pizza and Subway.
Tenure
Heritable. (Scottish Equivalent of English Freehold).
Description
The property comprises a dentist arranged on the ground floor and basement, forming part of a larger building.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a dentist arranged on the ground floor and basement, forming part of a larger building.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Review
Ground Basement
Dental Practice Dental Practice
65.51 sq m 64.10 sq m
(705 sq ft) (670 sq ft)
PETRIE TUCKER AND PARTNERS LIMITED (1) t/a Mydentist (2) with a guarantee from INTEGRATED DENTAL HOLDINGS LIMITED
Approximately 23 years from 25/07/2002 until 27/05/2025 on a full repairing and insuring lease (3)
£14,175
28/05/2019 (4) and 28/05/2024
Total
129.61 sq m
(1,375 sq ft)
£14,175
(1) For the year ending 31st March 2018, Petrie Tucker and Partners Limited reported a turnover of £52,468,000, pre-tax profit of £4,245,000 and a total net worth of £70,173,000. (2) Mydentist is Europe's largest dental car provider with over 600 practices throughout the UK and Europe. (3) The lease is full repairing and insuring, subject to a Schedule of Condition. (4) The May 2019 Rent Review is outstanding.
