Aylesbury is the County Town of Buckinghamshire some 40 miles NW of London. It has been awarded Garden Town Status. The town is in a period of major growth. The current population is over 60,000, increasing rapidly and a further significant village catchment. From Aylesbury Station Services reach London/ Marylebone in an hour. There is a wide shopping offer and extensive leisure facilities including the Landmark Waterside Theatre. Bucks retains the Grammar School system adding to its popularity.
The Vendors own 3/10ths of the freehold. They hold a 999 year lease from the freeholders at a peppercorn from 2015. A service charge covers the maintenance of the main building and common parts. The fund has a surplus in the region of £15,000
The property is let to Oasis Dentalcare which is a subsidiary of BUPA whose global turnover in 2019 was £12.3bn
The lease is FRI. The term is 10 years from 28.4.20. The current Rent is £20,500. There is a review and a tenant break at 5 years. The use is as a Dental Surgery.
Copies of the lease documents are held by the Agent
The commercial EPC register shows a rating of D. The Agent has a copy of the register entry.
The Guide Price For the Dental Practice Investment is £325,000
The Vendors own 999 year leases on two of the flats in the Block. These flats are held by the Occupiers on the balance of the original 99 year leases with 53 years to run. The ground rents receivable are £120 per annum. In due course the occupiers will no doubt wish to renew when a premium will be required. The Vendors are prepared to consider selling their interest if the Purchaser of the Dental Investment is interested. please discuss with the Agent.
The sale is being dealt with by C J Pallet FRICS. All enquiries should be directed to him at 01296 625008 firstname.lastname@example.org.