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Cinderford Dental Centre, 26 Market Street Cinderford, Gloucestershire GL14 2RT


For identification purposes only – please see title documentation.


Extract reproduced from the Ordnance Survey mapping with the permission of The Controller of Her Majesty’s Stationery Office © Crown copyright ES 755990


Location Estimated District Population: 80,000 Miles: 14 miles south-west of Gloucester 22 miles south-west of Cheltenham


Roads: A4151, A48, A40, M4, M50


Position The property is located in a busy position, adjacent to a Premier supermarket within the town centre.


Nearby: Boots the Chemist, Martins,Westgate Department Store and branches of HSBC, Lloyds TSB and Cheltenham & Gloucester banks.


Description DENTAL SURGERY arranged on the ground and first floors.


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 29th September 2011 Basis: FRI Rent: £12,000 per annum Reviews: 2016 and 2021 Expiry: September 2026 (2)


VAT is not applicable to this lot (3). For identification purposes only – please see title documentation.


Extract reproduced from the Ordnance Survey mapping with the permission of The Controller of Her Majesty’s Stationery Office © Crown copyright ES 755990


Rent £12,000 pa ON THE INSTRUCTIONS OF Net Internal Areas


87.32 sq m 43.19 sq m


130.51 sq m


(940 sq ft) (465 sq ft)


(1,405 sq ft)


(1) T/a Cinderford Dental Care. 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..


Freehold Dental Surgery Investment


• Let to Whitecross Dental Care Limited


• New 15 year lease from September 2011 (subject to option)


• 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.


97


LOT 84


MARKET STREET


26


DENTAL SURGERY


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