Kew Surgery, 85, Town Lane, SOUTHPORT, Merseyside, PR8 6RG

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

Tenure
Leasehold – please refer to legal pack or auctioneers for full lease details.

Note
For further data regarding this lot please
email: chris.glenn@sequencehome.co.uk




Important Notice:
For each Lot, a contract documentation fee of £1,500 (inclusive of VAT) is payable to Barnard Marcus Auctions by the buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

The Guide Price quoted must not be relied upon by prospective purchasers as a valuation or assessment of value of the property. It is intended to provide purchasers with an indication of the region at which the reserve may be set at the time of going to press. The guide price may be subject to variation and interested parties are advised to make regular checks for variations and should be aware that the reserve price may be either below or above the quoted guide price.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide level dependent upon competition, and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

When setting the guide price, the auctioneers have given consideration to the seller’s instructions in respect of their indicated reserve price at the time of instruction. The reserve price, (the level below which the property will not be sold), remains confidential between the seller and the auctioneer. The guide price therefore, is intended to indicate the region at which the reserve price is intended to be set. The seller will confirm their final reserve price close to the auction date and if appropriate the auctioneers may adjust the guide price to reflect this.
Whilst Barnard Marcus make every effort to ensure the safety and security of viewers at properties, we have not carried out a detailed Health & Safety inspection of properties in our auctions and cannot therefore guarantee the safety and security of viewers.
Prospective purchasers and bidders attend properties entirely at their own risk. Particular care should be taken when accessing cellars, attics, exterior grounds and outbuildings and boundaries. All non-conducted inspections of vacant sites should be made in daylight hours only and entry into such sites is entirely at the viewers risk.


1. MONEY LAUNDERING REGULATIONS: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Photographs and Measurements: Some images may have been taken by a wide angled lens camera. These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. THESE PARTICULARS ARE ISSUED IN GOOD FAITH BUT DO NOT CONSTITUTE REPRESENTATIONS OF FACT OR FORM PART OF ANY OFFER OR CONTRACT. THE MATTERS REFERRED TO IN THESE PARTICULARS SHOULD BE INDEPENDENTLY VERIFIED BY PROSPECTIVE BUYERS OR TENANTS. NEITHER SEQUENCE (UK) LIMITED NOR ANY OF ITS EMPLOYEES OR AGENTS HAS ANY AUTHORITY TO MAKE OR GIVE ANY REPRESENTATION OR WARRANTY WHATEVER IN RELATION TO THIS PROPERTY.