Millfield Medical Centre, St Martin's Street Peterborough Cambridgeshire PE1 3BF

Millfield Medical Centre, St Martin's Street
Peterborough
Cambridgeshire
PE1 3BF

Freehold Medical Centre Investment

Let to doctors until 2028, subject to option
Centrally located in main shopping district
Opposite Iceland Stores and close to Lloyds TSB
Substantial car park for 17 cars
Part underlet to National Co-Operative Chemists Limited, as a pharmacy

Lot
7
Auction
8th December 2011
Rent
£83,750 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of the Co-operative Estates

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Freehold Medical Centre Investment

Let to doctors until 2028, subject to option
Centrally located in main shopping district
Opposite Iceland Stores and close to Lloyds TSB
Substantial car park for 17 cars
Part underlet to National Co-Operative Chemists Limited, as a pharmacy

Lot 7
Auction 8th December 2011
Rent £83,750 per Annum Exclusive
Status Sold Prior
Price
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
Millennium Hotel
44 Grosvenor Square
London W1K 2HP
On behalf of the Co-operative Estates

Property Information

Location

Miles: 35 mile west of King's Lynn, , 37 miles north of Cambridge, , 41 miles east of Leicester
Roads: A47, A1(M)
Rail: Peterborough Rail Station
Air: Luton Airport

Situation

Millfield is a district of Peterborough, north of the city centre. The medical centre is situated in the heart of the district centre, close to a number of local and national traders. Nearby occupiers include Iceland, Co-Operative Food Store and Lloyds Bank.

Tenure

Freehold.

Location

Miles: 35 mile west of King's Lynn, , 37 miles north of Cambridge, , 41 miles east of Leicester
Roads: A47, A1(M)
Rail: Peterborough Rail Station
Air: Luton Airport

Situation

Tenure

Freehold.

Description

The property comprises a single storey traditional shop frontage which has been extended at the rear. The property benefits from a car park with 17 spaces.

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 single storey traditional shop frontage which has been extended at the rear. The property benefits from a car park with 17 spaces.

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	Reviews (Reversions)
Ground	Surgery	586.70 sq m	(6,315 sq ft)	DR KENEDY AND DR WATERS (t/a Millfield Medical Centre) (1)	20 years from 23/12/2008 (2)	£83,750	01/12/2013
Totals		586.70 sq m	(6,315 sq ft)			£83,750

(1) The Millfield Medical Centre operates with 5 residential doctors catering for the needs of some 10,000 patients. (Source: www.millfieldsmedicalcentre.co.uk)
(2) The lease contains a tenant's option to determine on the 23rd December 2018.
(3) Part underlet to National Co-Operative Chemists Ltd as a pharmacy.