Nursery Lane Medical Centre Nursery Lane Halifax HX3 5TE

Nursery Lane Medical Centre
Nursery Lane
Halifax
HX3 5TE

Freehold Medical Centre Investment

Tenants include Calderdale NHS Primary Care Trust and a GP Practice
Prominently situated in the heart of the residential community
Parking for some 25 cars
Situated some 2 miles north of Halifax and 7 miles west of Bradford
Six Week Completion Available

Lot
18
Auction
23rd February 2012
Rent
£49,120 per Annum Exclusive
Status
Sold
Price
£380,000
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

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Freehold Medical Centre Investment

Tenants include Calderdale NHS Primary Care Trust and a GP Practice
Prominently situated in the heart of the residential community
Parking for some 25 cars
Situated some 2 miles north of Halifax and 7 miles west of Bradford
Six Week Completion Available

Lot 18
Auction 23rd February 2012
Rent £49,120 per Annum Exclusive
Status Sold
Price £380,000
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
Millennium Hotel
39-44 Grosvenor Square
London W1K 2HP

Property Information

Location

Miles: 2 miles north of Halifax town centre 7 miles west of Bradford 16 miles west of Leeds
Roads: A629, M62
Rail: Halifax Rail Station
Air: Manchester Airport

Situation

The property is situated in Ovenden, approximately 2 miles north of Halifax, a substantial commercial centre in West Yorkshire. The property benefits from good transport links via the A629 to the M62, some 4 miles to the south.

Tenure

Freehold.

Location

Miles: 2 miles north of Halifax town centre 7 miles west of Bradford 16 miles west of Leeds
Roads: A629, M62
Rail: Halifax Rail Station
Air: Manchester Airport

Situation

Tenure

Freehold.

Description

The property comprises a purpose built single storey detached medical centre. In addition there is a car park to the side of the property for approximately 25 cars. The total site is 0.20 hectares (0.511 acres), with site coverage of some 23%.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is 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
Ground	Medical Centre	220 sq m	(2,368 sq ft)	DR SO SUKUMARAN t/a Nursary Lane Medical Centre (1)	20 years from 20/04/2000	£27,000	19/04/2015
	Office	96 sq m	(1,033 sq ft)	CALDERDALE NHS PRIMARY CARE TRUST	6 years from 20/04/2011 (2)	£10,000
	Office	165.74 sq m	(1,784 sq ft)	CALDERDALE CREDIT UNION LTD	Licence agreement (3)	£12,120 (4)
	Totals	481.74 sq m	(5,185 sq ft)			£49,120

(1) As to the ground floor medical centre, there is an agreement in place between Dr S O Sukumaran and the Primary Care Trust/NHS for
the Primary Care Trust/NHS to reimburse the doctor for rent and rates incurred during the term of their lease.
(2) The lease for Calderdale NHS Primary Care Trust, provides for a mutual option to determine in the 3rd anniversary of the term and
each year thereafter upon 6 months’ notice.
(3) The licence expired on 31st July 2011. Negotiations are in hand to extend the licence arrangement.
(4) The £12,120 is a gross figure inclusive of utility costs.