Offers over
£1,200,000
(£384.37/sq. ft)
Retail premises for saleWilliam Drive, Stanmore HA7
3,122 sq. ft
Freehold
About this property
Seeking offers in excess of £1,200,000. Equating to a niy of 5.68%.
Minimum rent of £68,200 per annum or subject to any agreed increase subject to approval of the nhs Funder or District Valuer
Term of 10 - 15 years from completion / final nhs approval
Full repairing and insuring (Fri). To be confirmed by nhs.
Two nhs gp Doctors as tenant on the Lease at any time
Rent Reviews Upward only every 3 years.
Overdue rent review from 1st September 2023. Expectation of rent to have increased to c.£81,000 p.a. Since last review
Detailed Description
A well-established, fully occupied nhs medical centre in Stanmore, available as a long-term investment. This detached, three-storey building was purpose-built circa 2000 for healthcare use and remains in active use by a busy gp practice serving approximately 13,300 patients. The property features a ground floor reception, waiting and play area, nine consulting and private rooms, administration offices, patient and staff WCs, lift access to the first floor, and storage areas.
Constructed with cavity brick walls under a pitched concrete tile roof, the building includes double-glazed UPVC windows and benefits from mains-connected utilities. The site offers front and rear gardens and two on-site staff parking spaces. The practice has a Care Quality Commission rating of ‘Good’ and is part of the Harrow Integrated Care System. EPC rating is D.
The property is offered with a new 10-15 year full repairing and insuring (Fri) lease to two nhs gp tenants, subject to nhs final approval. The initial rent is set at a minimum of £68,200 per annum, with upward-only rent reviews every three years. A schedule of condition/dilapidations will be annexed to the lease. This is a solid, low-maintenance investment opportunity backed by a strong public-sector covenant.
Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. These details are prepared as a general guide only, and should not be relied upon as a basis to enter into a legal contract, or commit expenditure. An interested party should consult their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments.
A well-established, fully occupied nhs medical centre in Stanmore, available as a long-term investment. This detached, three-storey building was purpose-built circa 2000 for healthcare use and remains in active use by a busy gp practice serving approximately 13,300 patients. The property features a ground floor reception, waiting and play area, nine consulting and private rooms, administration offices, patient and staff WCs, lift access to the first floor, and storage areas.
Constructed with cavity brick walls under a pitched concrete tile roof, the building includes double-glazed UPVC windows and benefits from mains-connected utilities. The site offers front and rear gardens and two on-site staff parking spaces. The practice has a Care Quality Commission rating of ‘Good’ and is part of the Harrow Integrated Care System. EPC rating is D.
The property is offered with a new 10-15 year full repairing and insuring (Fri) lease to two nhs gp tenants, subject to nhs final approval. The initial rent is set at a minimum of £68,200 per annum, with upward-only rent reviews every three years. A schedule of condition/dilapidations will be annexed to the lease. This is a solid, low-maintenance investment opportunity backed by a strong public-sector covenant.
Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. These details are prepared as a general guide only, and should not be relied upon as a basis to enter into a legal contract, or commit expenditure. An interested party should consult their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments.
.png){kind=logo}