Acquired
Bournemouth – Dental Practice
260 Old Christchurch Road, Bournemouth, Dorset BH1 1PFFreehold Dental Surgery Investment
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
11y 7m
Area
1,079 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises mid-terrace dental surgery arranged over ground, first and second floor
- Total area size of 100.20 sq m (1,079 sq ft)
- Nearby occupiers include restaurant/takeaway`s, pub, charity shop, off-license and others.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property comprises mid-terrace dental surgery arranged over ground, first and second floor.
The property provides the following accommodation and dimensions:
Ground Floor: Surgery 48.50 sq m (522 sq ft)
First Floor: Ancillary 35.00 sq m (377 sq ft)
Second Floor: Ancillary 16.70 sq m (180 sq ft)
Total area size: 100.20 sq m (1,079 sq ft)
The property provides the following accommodation and dimensions:
Ground Floor: Surgery 48.50 sq m (522 sq ft)
First Floor: Ancillary 35.00 sq m (377 sq ft)
Second Floor: Ancillary 16.70 sq m (180 sq ft)
Total area size: 100.20 sq m (1,079 sq ft)
Tenancy Description
The property is at present let to Whitecross Dental Care Ltd* with a guarantee from Integrated Dental Holding Ltd for a term of 15 years from 22nd July 2021 at a current rent of £22,000 per annum and the lease contains full repairing and insuring covenants. Rent increases to £24,890 in July 2026 and £28,161 in July 2031. Tenant option to determine in July 2026 and July 2031, subject to a penalty of £22,000, if exercised in July 2026.
*Note - For the year ending 31 March 2019 Whitecross Dental Care Ltd reported a turnover of £166,771,000 and a total net worth of £18,263,000
*Note - For the year ending 31 March 2019 Whitecross Dental Care Ltd reported a turnover of £166,771,000 and a total net worth of £18,263,000
Tenancies & Accommodation
Location Description
Bournemouth lies on the South Coast approximately 25 miles south-west of Southampton and 36 miles south-east of Yeovil. The A38 links with the A31 to the north of the town whilst the A35 provides access to Poole and Dorchester to the west. Pokesdown Rail Station is located some 900m from the property and provides regular services to London Victoria (2 hr 10 mins). Occupiers close by include restaurant/takeaway`s, pub, charity shop, off-license and others.
