18 Mount Avenue New Milton Hampshire BH25 6NT

18 Mount Avenue
New Milton
Hampshire
BH25 6NT

Freehold 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 option at year 10)
Re-based rent
Rent rising to £33,942.25 pa in July 2026 and rising to £38,402.54 pa in July 2031
900 metres south of New Milton Railway station in Affluent New Forest Tourist Town
VAT-free Dental Surgery Investment

Lot
2
Auction
24th September 2021
Rent
£30,000 per Annum Exclusive
Status
Sold
Price
£614,000
Auction Venue
Live Streamed Auction

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Freehold 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 option at year 10)
Re-based rent
Rent rising to £33,942.25 pa in July 2026 and rising to £38,402.54 pa in July 2031
900 metres south of New Milton Railway station in Affluent New Forest Tourist Town
VAT-free Dental Surgery Investment

Lot 2
Auction 24th September 2021
Rent £30,000 per Annum Exclusive
Status Sold
Price £614,000
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 10 miles east of Bournemouth; 16 miles south-west of Southampton
Roads: A337, A31, M27
Rail: New Milton Railway Station
Air: Bournemouth Airport, Southampton Airport,

Situation

New Milton is a market town in Hampshire, approximately 10 miles east of Bournemouth. The property is situated in a predominantly residential area on the east side of Mount Avenue, opposite it's junction to Cowper Avenue, and approximately 900 metres south of New Milton Railway Station.

Tenure

Freehold.

Location

Miles: 10 miles east of Bournemouth; 16 miles south-west of Southampton
Roads: A337, A31, M27
Rail: New Milton Railway Station
Air: Bournemouth Airport, Southampton Airport,

Situation

Tenure

Freehold.

Description

The property comprises a Dental Surgery arranged on the ground, first and second floors. The property benefits from on site parking to the rear.

VAT

VAT is not applicable to this lot.

Note

Please note the buyer will pay 1% 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.

Description

The property comprises a Dental Surgery arranged on the ground, first and second floors. The property benefits from on site parking to the rear.

VAT

VAT is not applicable to this lot.

Note

Please note the buyer will pay 1% 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

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x
Ground First Second	Dental Surgery Dental Surgery Ancillary	66.20 sq m 72.70 sq m 18.20 sq m	(713 sq ft) (782 sq ft) (196 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	£30,000 rising to £33,942.25 in July 2026 rising to £38,402.54 in July 2031
Total		157.10 sq m	(1,691 sq ft)(1)			£30,000 (with fixedrental uplifts every5 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 at the expiry of the 10th year on 22/07/2031.

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.