Home > Auctions > 21 & 22 April 2026 21 April 2026 - 9:00am > Lot 233

21 & 22 April 2026: Tuesday 21 April 2026 - 9:00am
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    Key features

    • To be offered on Wednesday 22 April
    • A two storey freehold medical centre
    • Let on a 21 year lease expiring 20.11.2045
    • NHS backed income
    • Basement with storage space
    • Front and rear car park
    • Development potential (subject to necessary consents)
    • NIA approx. 2,240 sq ft (208.1 sq m)
    • Investment let at £24,475 p.a. (8.29% GIY on Guide Price)

    Description

    The property comprises a freehold medical centre arranged across basement ground floor and first floor. Benefitting from front and rear car park with development potential (subject to the requisite consents).

    Additional information

    Tenure

    Freehold

    Accommodation

    The ground floor accommodation comprises the main waiting room, reception point/administration area, clinical rooms and patient WC.

    The first floor accommodation comprises offices and administration areas, kitchen/staff room, and staff WC.

    The basement offers storage space and access to the rear car park.


    Basement - 592 sq ft (55.03 sq m)

    Ground Floor Original - 735 sq ft (68.28 sq m)

    Ground Floor Extension - 339 sq ft (31.48 sq m)

    First Floor - 573 sq ft (53.22 sq m)


    Total NIA - 2,240 sq ft (208.1 sq m)

    Tenancy

    The property is let for a term of 21 years expiring 20 November 2045.


    The lease provides a minimum rent of £24,475 p.a. this is made up of the CMR (NHS) rent and Medic Spot top up rent, the lease includes provisions to ensure the rent can't be lower than £24,475 p.a. 


    This lease includes 3 yearly rent review of the CMR (NHS) rent with Medic Spot top up rent also increasing proportionately with the CMR (NHS) rent. 


    GP Partners (occupying under a tenancy at will) pending ICB approval of their underlease.


    The lease includes tenant break options if NHS funding is withdrawn please see legal pack for more information. 

    Rent

    £24,475 p.a.

    Notes

    Please note the areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been internally inspected by Savills. Prospective purchasers must rely upon their own enquiries in this regard. Please refer to the legal pack. 

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        Local information

        The property is located in Denton Burn, a suburb approximately four miles to the west of Newcastle-upon-Tyne. Denton Burn is a predominantly residential area, however there are also a mix of uses with retail/commercial and recreational areas interspersed throughout the area. The property is located on Denton Road, the A191, a mainly residential area with a large secondary school nearby.

        Transport

        Newcastle train station is located approximately three miles east of the property and has regular trains and provides good access across the UK via the wider rail network.

        Legal documents

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        EPC rating

        If no EPC rating appears please refer to the legal pack.

        Guide prices and common auction conditions

        •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

        •The reserve price is the minimum price at which the property can be sold.

        •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

        •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

        Please note that all prices listed, whether prior to or post auction, are subject to contract.

        The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

        The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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