The Boulevard Dental Practice, 73 The Boulevard Tunstall, Stoke-on-Trent, Staffordshire ST6 6BD
DENTAL SGY
Location Estimated District Population (Stoke): 266,000 Miles: 5 miles north of Stoke-on-Trent Roads: A50, A527, A500, M6
Extract reproduced from 1998 Edition of the Goad Plan
Licence No. PU1000017316 from Experian Goad, Hatfield Herts. For identification purposes only – please see title documentation.
Rent £11,200 pa ON THE INSTRUCTIONS OF
Freehold Dental Surgery Investment
• Let to Whitecross Dental Care Limited
• Lease expires November 2025 (subject to option)
• Fixed rental uplifts in 2015 and 2020
• VAT- free investment and 30 Working Day Completion available
The Special Conditions of Sale and a legal pack are available from the Seller’s Solicitors and are available online at www.cbre.co.uk/auctions. Seller’s Solicitor Forshaws Davies Ridgway LLP. t: 01925 230000. e: stephen.woodall@fdrlaw.co.uk Ref: SWoodall Esq.
76
Position The property is located on the corner of The Boulevard (A527) and Stanley Street, diagonally opposite a new residential development and close to the town centre and the Butterfield Place Retail Development.
Nearby: Next, Argos, Matalan, Asda, Boots the Chemist, CarphoneWarehouse, Superdrug and Barclays, HSBC and NatWest banks
Description DENTAL SURGERY arranged on the ground and first floors. The property benefits from 2 car parking spaces to the rear.
Present Accommodation (approximate areas) Floor
Accommodation
Ground First
Dental Surgery/Ancillary Dental Surgery/Ancillary
Total Commercial Area
Tenure Freehold.
Tenant WHITECROSS DENTAL CARE LIMITED (1)
Lease Term: 15 years from 3rd November 2010 Basis: Rent:
FRI £11,200 per annum
Fixed Rental Uplifts: 2015 to £12,365 per annum 2020 to £13,652 per annum
Expiry: November 2025 (2) VAT is not applicable to this lot (3).
Net Internal Areas
61.31 sq m 61.31 sq m
122.62 sq m
(660 sq ft) (660 sq ft)
(1,320 sq ft)
(1) T/a The Boulevard Dental Practice. Integrated Dental Holdings Group practice from over 500 branches. For the year to 04/10, Whitecross Dental Care Ltd reported a turnover of £74.7 million, pre-tax profits of £9.5 million and total shareholders’ funds of £45.7 million. (Source: One Source One-Stop Report and www.integrateddental.co.uk)
(2) There is a tenant’s option to break in the 10th year – please see legal documentation. (3) VAT is not applicable. However, if a purchaser decides to elect, then the rental will be deemed to be inclusive of VAT – please see legal documentation.