Let to Doctors and Caerphilly Health Board until 2031
Rent reimbursed to the tenant by Local Health Board (2)
Includes car parking for approximately 27 cars
3 Yearly Rental Reviews
Six Week Completion Available
Lot 15
Auction 6th December 2012
Rent £96,150 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Medical Centre/Doctors, Healthcare
Auction Venue Millennium Hotel 39-44 Grosvenor Square London W1K 2HP
Property Information
Location
Miles
5 miles west of Pontypool 10 miles north-west of Newport 21 miles north-east of Cardiff
Roads
A467, A467, M4
Rail
Newbridge Station
Air
Cardiff International Airport, Bristol International Airport
Situation
The property is situated in a predominantly residential area within the centre of Crumlin on the west side of Crown Street. The area has excellent communication routes via the M4 Motorway (10 miles south).
Tenure
Freehold.
Location
Miles
5 miles west of Pontypool 10 miles north-west of Newport 21 miles north-east of Cardiff
Roads
A467, A467, M4
Rail
Newbridge Station
Air
Cardiff International Airport, Bristol International Airport
Situation
The property is situated in a predominantly residential area within the centre of Crumlin on the west side of Crown Street. The area has excellent communication routes via the M4 Motorway (10 miles south).
Tenure
Freehold.
Description
The property comprises a substantial modern purpose built medical centre with waiting rooms, consultancy rooms and ancillary accommodation on the ground and first floors. The property benefits from substantial car parking for approximately 27 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 comprises a substantial modern purpose built medical centre with waiting rooms, consultancy rooms and ancillary accommodation on the ground and first floors. The property benefits from substantial car parking for approximately 27 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 and First
Waiting Rooms, Surgery, Consulting Room and Office
521 sq m
(5,608 sq ft)
DR. K OJHA AND DR. S OJHA (1)
25 years from 21/08/2006 until 2031
£80,535
21/08/2012 and 3 yearly
Ground
Offices
101 sq m
(1,087 sq ft)
CAERPHILLY HEALTH BOARD
25 years from 21/08/2006 until 2031
£15,615
21/08/2012 and 3 yearly
Totals
622 sq m
(6,695 sq ft)
£96,150
(1) 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) (Wales) Directions 2004 provides for the Local Health Board to reimburse for rental costs. A copy of the Directive is available in the legal pack.
