Property for sale

FOR SALE BY AUCTION - 6PM on WEDNESDAY 29TH JANUARY 2025. An exciting opportunity to purchase a detached tenanted freehold commercial premises in York, offering a potential 10.5 ROI (37,000 rent per annum against the guide price). The building is occupied by a successful national Dental Practice who have 13 years remaining on a 15-year lease. The building is well-presented throughout and is on a full-repairing lease. The building offers space across two levels and includes staff and customer parking. The location is well placed for neighbouring amenities and transport links. Viewings are by appointment only.



GROUND FLOOR:

Reception (22' by 10' 9" (6m 70cm by 3m 28cm))

Waiting Room (12' 6" by 12' 2" (3m 80cm by 3m 71cm))

Clinic/Surgery Room (14' 1" by 12' 2" (4m 29cm by 3m 71cm))

Office (12' 6" by 7' 1" (3m 81cm by 2m 16cm))

Office (9' 1" by 6' 6" (2m 78cm by 1m 98cm))

WC (6' 9" by 6' 7" (2m 6cm by 2m ))

FIRST FLOOR:

Waiting Room (12' 4" by 9' 6" (3m 75cm by 2m 89cm))

Clinic/Surgery Room (13' 1" by 10' 4" (4m by 3m 15cm))

Clinic/Surgery Room (13' by 10' 6" (3m 96cm by 3m 20cm))

Sterilisation Room (10' 4" by 4' 9" (3m 14cm by 1m 46cm))

Office (8' 11" by 4' 9" (2m 73cm by 1m 44cm))

Office (13' by 9' (3m 97cm by 2m 74cm))

Staff Room (13' 1" by 10' 9" (4m by 3m 28cm))

Staff Kitchen (12' 3" by 8' 11" (3m 73cm by 2m 72cm))

Shower/WC (9' by 4' 10" (2m 74cm by 1m 48cm))

External
Staff & Customer Parking.

Tenure
Freehold.

Services
Mains gas, electricity, water and drainage.
Rateable value: 17,200pa
EPC B Rating.

Current Rent & Lease Information
The current tenants are Fresh Dental Ltd. They currently pay 37,000 per annum in rent and have thirteen years remaining on a fifteen year lease.

IMPORTANT INFORMATION:
All bidders are strongly recommended to have thoroughly inspected any property prior to bidding, including seeking the advice of a surveyor, and to have read the Legal Pack and taken advice from a qualified legal representative. Please read carefully the general and special conditions of sale and any changes within the sale. A&G can accept no responsibility for any bidders not adhering to this advice.

Disclaimer
Our property particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, & they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property and services. None of the appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment. Floor plans provided are not to scale and are intended as a guide only.

Legal Pack
The legal pack for this property is available upon request prior to the auction. This pack includes a variety of legal documents that apply to the sale. The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale. It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding.

Special Conditions of Sale
The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of A&G's terms and conditions. The Special Conditions of Sale are legally binding. It is the buyers responsibility to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read within the legal pack.

Guide & Reserve Price
This property is offered at a guide price and may also be subject to a reserve price. The reserve price is the sellers minimum acceptable price at auction and the figure below which the auctioneer cannot sell. The reserve price, which may be up to 10 higher than the guide price, is not disclosed and remains confidential between the seller and the auctioneer. Both the guide price and the reserve price can be subject to change up to and including the day of the auction.

Buyers Administration Charge
A non-refundable Administration Charge of 2,340 (inc VAT) is payable by the buyer on the fall of the hammer.

Register to Bid
In order to bid, you will need to register in advance of the auction. You can do this online at or in person prior to the auction day or in person at our auction venue. Please aim to get there at least 45 minutes before the start of the auction to ensure you have time to register before the auction begins.

Bidding
You are able to bid in person at the auction venue. When you arrive, collect a copy of the addendum sheet to check for any last minute updates on the lot. If you are unable to attend the auction in person, but are available during the time of the auction, you can choose to bid by telephone. You can also choose to bid by proxy. Please speak with a member of our team if you wish to bid by phone or proxy.

Money Laundering Regulations
All purchasers will be asked to produce the required identification documentation, proof of address and proof of legitimate funds in order to comply with the Money Laundering Legislation. We would ask that these documents are made available to us so that there will be no delay in agreeing the sale.

Buyers Deposit & Insurance
On the day of the auction, all purchasers will be required to pay 10 of the purchase price (subject to a minimum amount), in addition to the auctioneers Administration Charge. Payment of the remainder of the purchase price will be needed for completion (within 28 days of the auction). It is important to liaise with your insurers, as you will be responsible for the insurance of the property upon exchange of contract.

Auction Day
Make sure you check the addendums list to ensure this lot has not been withdrawn or sold prior to the auction, postponed until a later auction date, or any last minute changes have been made to the catalogue entries. It is recommended to arrive early as the auction room can be very busy with limited space, and if you wish to bid, you should make sure you registered to bid and then are in clear view of the Auctioneer's rostrum. If you have any questions, make sure to ask one of the A&G team before the start of the auction. Ensure you make it clear when you wish to bid on a lot, either by raising your hand, holding up a catalogue, or by raising your bidders paddle.

Auction Date & Venue
6pm on Wednesday 29th January 2025, at Anderson House, Crispin Court, Newbiggin Lane, Westerhope, Newcastle-upon-Tyne, NE5 1BF.

Successful Bids
When the hammer falls, you will have exchanged contracts and have entered a legally binding sale. If you are the winning bidder, you will need to complete the Memorandum of Sale and pay your deposit and administration fee. You will need to have two forms of ID with you; one photographic (e.g. driving licence or passport), and one proof of address (e.g. utility bill dated in the last three months). If multiple people are to be named on the memorandum, you will need ID for all parties. If a property fails to reach its reserve and it is not sold in the room, you can speak with a member of the A&G team to express an interest. It may be possible to negotiate a sale after the auction, which would then still proceed under normal auction rules.