Freehold Dental Practice and Residential Ground Rent Investment
Let to Dentex Clinical Ltd (wholly owned by Portman Healthcare (Group) Ltd) until November 2032 (no breaks)
Highly affluent North-west London location
Prominently situated on the popular Haverstock Hill
Close to Belsize Park and Chalk Farm Underground stations
RPI linked rent review
Dental Practice for over 30 years
Extensive internal fit-out
VAT Free Investment
Lot 7
Auction 25th September 2024
Rent £52,709 per Annum Exclusive
Status Available
Guide* £650,000
Sector Medical/Healthcare
Auction Venue Live Streamed Auction
Property Information
Location
Miles
0.7 miles North of Regents Park
Roads
A502, A41
Rail
Belsize Park, Chalk Farm Underground stations (Northern Line)
Air
London Heathrow Airport, London Stanstead Airport, London City Airport
Situation
The property is located in the affluent area of Belsize Park, located 0.7 miles north of Regents Park. The property is prominently situated on the busy Haverstock Hill, equidistant from Chalk Farm and Belsize Park underground stations. The immediate vicinity is highly fashionable, home to many restaurants, cafes and high-end local retailers.
Tenure
Freehold.
Location
Miles
0.7 miles North of Regents Park
Roads
A502, A41
Rail
Belsize Park, Chalk Farm Underground stations (Northern Line)
Air
London Heathrow Airport, London Stanstead Airport, London City Airport
Situation
The property is located in the affluent area of Belsize Park, located 0.7 miles north of Regents Park. The property is prominently situated on the busy Haverstock Hill, equidistant from Chalk Farm and Belsize Park underground stations. The immediate vicinity is highly fashionable, home to many restaurants, cafes and high-end local retailers.
Tenure
Freehold.
Description
The property comprises a modern dental practice arranged over ground and basement floors with a rear courtyard. The upper two floors provide two self-contained flats which have been sold off on long leases.
VAT
VAT is not applicable to this lot.
Note
To view a 360 degree walkthrough tour of the property please click here - https://storage.net-fs.com/hosting/7067359/55/
Notices pursuant to Section 5B of the Landlord & Tenant Act 1987 have been served on the residential tenants.
Completion Period
Six week completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern dental practice arranged over ground and basement floors with a rear courtyard. The upper two floors provide two self-contained flats which have been sold off on long leases.
VAT
VAT is not applicable to this lot.
Note
To view a 360 degree walkthrough tour of the property please click here - https://storage.net-fs.com/hosting/7067359/55/
Notices pursuant to Section 5B of the Landlord & Tenant Act 1987 have been served on the residential tenants.
Completion Period
Six week completion
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 Basement
Dentist Dentist
58.20 57.30
(626) (616)
DENTEX CLINICAL LIMITED (1)
15 years from 17/11/2017 until 17/11/2032
£52,702.29
17/11/2027
First
Residential
71.00
(764)
INDIVIDUAL
215 years from 25/03/1982
Peppercorn
Second
Residential
79.00
(850)
INDIVIDUALS
125 years from 25/03/1982
£50
Total Approximate floor area
265.50
(2,856) (2)
£52,752.29
(1) Following a recent merger, Dentex Clinical Limited is wholly owned by Portman Healthcare (Group) Limited, now one of the largest privately focused dental groups in the UK and of the Europe's largest dental care platforms with over 200 practices caring for over 700,000 patients (www.portmandentalcare.com). (2) The commercial floor areas stated above are those published by the Valuation Office Agency (www.voa.gov.uk). The residential floor areas have been provided by the EPC's.
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.
