Lease until April 2034 (subject to tenant's options to determine)
5 yearly rent reviews
Nearby occupiers include JD Wetherspoon, Co-op, Iceland and a number of local retailers
VAT-free Dental Surgery Investment
Lot 23
Auction 3rd November 2022
Rent £27,000 per Annum Exclusive
Status Sold
Price £327,000
Sector Medical/Healthcare
Auction Venue Live Streamed Auction
On behalf of a Mutual Society
Property Information
Location
Miles
10 miles west of Warrington, 15 miles south-east of Liverpool, 28 miles north-west of Manchester
Roads
A56, A533, M56 (Junction 12)
Rail
Runcorn Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated on the south side of Church Street, Runcorn's main retail thoroughfare with Runcorn Railway Station approximately 650 metres to the south. Other nearby occupiers include JD Wetherspoon, Co-op, Iceland and a number of local retailers.
Tenure
Freehold.
Location
Miles
10 miles west of Warrington, 15 miles south-east of Liverpool, 28 miles north-west of Manchester
Roads
A56, A533, M56 (Junction 12)
Rail
Runcorn Railway Station
Air
Liverpool John Lennon Airport
Situation
The property is situated on the south side of Church Street, Runcorn's main retail thoroughfare with Runcorn Railway Station approximately 650 metres to the south. Other nearby occupiers include JD Wetherspoon, Co-op, Iceland and a number of local retailers.
Tenure
Freehold.
Description
The property comprises two interlinked mid terrace properties currently used as a Dental Surgery and is arranged on the ground, cellar, first and second floors. Rear access to the property is provided via Wellington Street.
VAT
VAT is not applicable to this lot.
Completion Period
6 week completion available.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises two interlinked mid terrace properties currently used as a Dental Surgery and is arranged on the ground, cellar, first and second floors. Rear access to the property is provided via Wellington Street.
VAT
VAT is not applicable to this lot.
Completion Period
6 week completion available.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground First Second
Dentist Dentis/Ancillary Dentist/Ancillary
67.90 (1) 72.10 60.50
(731) (1) (776) (651)
WHITECROSS DENTAL CARE LIMITED (t/a My Dentist) (2)
20 years from 02/04/2014 (3)
£27,000
02/04/2024 and 02/04/2029
Total
200.50
(2,158)
£27,000
(1) The floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk) (2) The property is currently trading as My Dentist. My Dentist are Europe's largest dental care provider with nearly 600 practices and over 5 million patients in the UK (ww.mydentist.co.uk). For the year ending 31st March 2021, Whitecross Dental Care limited reported a turnover of £201,917,000, a post-tax profit of £13,226,000 and shareholder funds of negative £83,655,000 (Source: Companies House 12/10/2022) (3) The lease is subject to tenant options to determine on 02/04/2024 and 02/04/2029
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.
