1441 Leek Road, Abbey Hulton, Stoke-on-Trent, ST2 8BY

Freehold Dental Surgery Investment in Abbey Hulton, Stoke on Trent

Guide price*

£190,000+

Plus fees

Sold prior to auction, for an undisclosed amount

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Lot 95 Commercial Investment
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Auction details:

Thursday 14th December 2023 @ 09:00AM

A Freehold Dental Surgery Investment Within A Well Established Suburban Location, having future development potential, subject to planning Current Rental Income £20,292 PA

Property Description

The property comprises an extended two storey end of terrace, of brick construction with a pitched tiled roof and benefitting from rear car parking. The property operates as a local dental surgery. The accommodation is configured to provide on the ground floor a main entrance, separate disabled entrance, hallway, waiting room, three treatment rooms, kitchen, WC's, Shower Room and Stores. On the first floor there is a reception area, waiting room, two further treatment rooms, preparation room, stores and WC. To the rear and approached via the driveway, is an enclosed patient car park.

Location

The property occupies a prominent position fronting the western side of the A5009 Leek Road, within the well established suburb of Abbey Hulton, which lies approximately 5 miles north east of Stoke City Centre and 8 miles south west of Leek town centre.
The property is considered to occupy an excellent catchment for it's use as a local community dental practice.

Energy Performance Rating

See legal pack.

Tenure

Freehold- Subject to a 15 year full repairing and insuring lease without a break option with effect from 29/01/2021 and expiring on 28/01/2036.
There are provisions for a rent review every 2 years the next falling on 29/01/2025. the current rent is £20,292 per annum.
A copy of the lease will be available for inspection within the legal pack.

Value Added Tax

We understand that VAT is applicable on this transaction. For those who are VAT registered, the intention will be to treat as a TOGC. Full details will be available within the legal pack.

Auctioneer's Note

Please note offers may be considered prior to the Auction Sale.

Viewings

Strictly by appointment with the Auctioneers.
DISCLAIMER

Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.

LIVE-STREAMED AUCTION

Please note that the Auction will be livestreamed via our website.  You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.

*DEFINITION OF GUIDE & RESERVE PRICE

All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.

COSTS AT AUCTION

When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding.  They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.

The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction.  Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.

Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.

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