Property for sale
Features and description
NHS Backed Investment
Current Rent Reserved £149,016 per annum
Modern Bespoke Purpose Built Premises
Location:
Kew Surgery is a modern and bespoke medical centre located in the heart of Southport and moments from Southport and Formby District Hospital. The centre serves a densely populated local community and is also located close to the town centre. It also adjoins a relatively recent modern housing development and has good road and public transport links serving the Southport area.
Description:
The property was constructed circa 2009 and is a modern contemporary building of block/ brick construction with coated aluminium seamed roofing. Internally the property is arranged to provide the main surgery practice with consulting rooms, reception and ancillary space. The total net internal area extends to some 622 sq m (6,697 sq ft). Within the premises there is a two chair dental suite and beauty health clinic. Outside there is onsite parking providing 26 standard parking spaces, 2 disabled spaces and a cycle rack.
Accommodation:
A full schedule of accommodation and plans is available from the auctioneers.
Tenancies:
Main Surgery
The main surgery is let with the practice receiving usual NHS Rent and Premises cost reimbursement for a term of 25 years from April 2012 on tenant internal repairing terms. The current rent is £123,245 per annum with the lease providing upward only rent reviews every three years geared to RPI. Next review due 2024.
Dental Surgery
The dental surgery is let for 20 years from April 2012 on tenant internal repairing terms. The current rent is £15,771 per annum with the lease providing upward only rent reviews every three years geared to RPI. Next review due 2024.
Beauty Clinic
The Beauty Clinic (Radiant Beauty Clinics) is let for 10 years from September 2020 on tenant internal repairing terms. The current rent is £10,000 per annum with the lease providing upward only rent reviews to market rent every five years. Next review due 2025.
Total Rent Reserved
£149,016 per annum