Rent reimbursed to the tenant by Primary Care Trust (3)
3 yearly rent reviews
Includes car parking for approximately 11 cars
Affluent West Sussex location
Six Week Completion Available
Lot 4
Auction 18th October 2012
Rent £72,570 per Annum Exclusive
Status Withdrawn Post
Price
Sector Medical Centre/Doctors, Healthcare
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
6 miles south of Horsham, 15 miles north of Brighton, 41 miles south of Central London
Roads
A23, A272, M23
Rail
Billingshurst Rail Station (Direct to London Victoria in approximately 75 minutes)
Air
London Gatwick Airport
Situation
The property is situated in the centre of Cowfold, an attractive and affluent area of West Sussex, at the junction of St Peters Close and the A281.
Tenure
Long Leasehold. Long Leasehold. Held from Mid-Sussex PCT for a term of 125 years from 12th September 2002 until 2127 at a peppercorn.
Location
Miles
6 miles south of Horsham, 15 miles north of Brighton, 41 miles south of Central London
Roads
A23, A272, M23
Rail
Billingshurst Rail Station (Direct to London Victoria in approximately 75 minutes)
Air
London Gatwick Airport
Situation
The property is situated in the centre of Cowfold, an attractive and affluent area of West Sussex, at the junction of St Peters Close and the A281.
Tenure
Long Leasehold. Long Leasehold. Held from Mid-Sussex PCT for a term of 125 years from 12th September 2002 until 2127 at a peppercorn.
Description
The property is a substantial and modern purpose built medical centre, comprising consulting rooms and waiting area on the ground floor and ancillary office accommodation on the first floor. The property benefits from a lift and a car park for approximately 11 cars.
VAT
VAT is applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property is a substantial and modern purpose built medical centre, comprising consulting rooms and waiting area on the ground floor and ancillary office accommodation on the first floor. The property benefits from a lift and a car park for approximately 11 cars.
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
First
Waiting room /Surgery and Office Office/Ancillary
211.54 sq m
164.67 sq m
(2,277 sq ft)
(1,772 sq ft)
DR. JOHNDARCY ANDDR. MEERASMETHURST (1)
20 years from 26/08/2003 until 2023
£72,570
26/08/2012 and 3 yearly (2)
Totals
376.21 sq m
(4,049 sq ft)
£72,570
(1) The Cowfold Medical Group have a practice population of 4,358 patients and was one of only three surgeries in the West Sussex Primary Care Trust area that achieved maximum points for the Qualities and Outcomes Framework with regard to patient satisfaction with their experiences of the practice. (Source: www.nhs.uk/services 14/09/2012). Also see www.cowfoldmedicalgroup.co.uk for more information. (2) The 28th August 2012 rent review remains outstanding. (3) We understand that the tenants as Registered General Practitioners qualify under The National Health Service Act 1977 The National Health Service (General Medical Services - Premises Costs) (England) Directions 2004 provides for the Primary Care Trust to reimburse for leasehold premises rental costs. A copy of the Directive is available in the legal pack.
