UNDER OFFER – Northwood Medical Centre – Birmingham

Under Offer: £870,000

Leases available upon request.

Summary

Investment Summary

Practice
• Patient list size: 9,534
• FTE doctors: 5
• Initial Rent: £55,745 per annum (subject to confirmation by the District Valuer).
• Tenants Internal Repair lease (TIR)
– Term: 15 year lease
– Rent reviews: every 3 years

Key Property Features

• Floor area: Ground Floor = 284.54 m2 – First Floor = 95.88 m2
• Car parking spaces: 25 including 1 access parking
• Building type: The is a converted property and is in good condition. There is a residential flat which is currently let on an ASH Tenancy.

Description

Northwood Medical Centre is in a fantastic location in a suburb of Cotteridge, South Birmingham and serves a patient list size approaching 10,000. The practice is situated with superb transport access, with its proximity to Kings Norton train station and a number of bus routes.

The medical centre presents an excellent investment opportunity as a two-story, converted property in good condition. Currently, there is a residential two-bedroom flat occupying half of the first floor. This flat could continue to be let or has the potential for the practice to expand into this space.

The medical centre offers a generous total floor area of 380.42 square meters and features a spacious tarmac car park to the front and rear of the property, with capacity for 25 cars.

The ground floor is 284.54 square metres and consists of a spacious reception and waiting room, three consulting rooms, a physiotherapy room, a chiropody room, a nurses’ room, and a minor operations room. Staff space on the ground floor includes three office suites and a records room. There is ample storage space provided by several large cupboard spaces. Facilities include two toilets, one of which is an accessible toilet.

The first floor is accessible via a lift and two staircases, which are situated at each end of the property. One staircase accesses the flat, and the other the surgery staff space, which is also accessible via the lift.

The first-floor practice space has a total floor area of 95.88 square meters and consists of three office suites, a large common room, and a large server/storeroom. Facilities include two toilets.

The first floor flat consists of two bedrooms, a spacious lounge, a large dining room, a kitchen, and a bathroom. The flat has a total floor area of approximately 95.88 square meters.

 

Northwood Medical Centre is a fantastic primary care property investment opportunity, to express your interest please contact us on the details below.

Floorplan

Click plan to enlarge
Contact Rebecca Reynard

Contact Rebecca Reynard

For all available GP properties contact

Rebecca Reynard
Director of Agency and Sales
0114 281 5850
[email protected]

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GP Surveyors gives notice to anyone who may read these particulars as follows:
1. These particulars are prepared for the guidance only of prospective purchasers. They are intended to give a fair overall description of the property but are not indeed to constitute part of an offer or contract.
2. Any information contained herein (whether in text or photographs) is given in good faith but should not be relied upon as being a statement of representation of fact.
3. Nothing in these particulars shall be deemed to be a statement that the property is in good condition or otherwise nor that any services or facilities are in good working order.
4. The photographs appearing in this brochure show only parts and aspects of the property at the time when the photographs were taken. Certain aspects may have changed since the photographs were taken and it should not be assumed that the property remains precisely as displayed in the photographs. Furthermore, no assumptions should be made in respect of parts of the property which are not shown in the photographs.
5. Any areas, measurements or distances referred to herein are approximate only.
6. Where there is a reference in these particulars to the fact that the
alterations have been carried out or that a particular use is made of any part of the property this is not intended to be a statement that any necessary planning regulations or other consents have been obtained and these matters must be verified by any intending purchaser.
7. Descriptions of a property are inevitably subjective and the descriptions contained herein are used in good faith as an option and not by way of statement or fact.
8. All areas quoted are expressed as Net Internal Area (NIA) in accordance with the RICS Code of Measuring Practice 6th Edition and Guidance Note 60.
9. All prices and rents are exclusive of VAT but may be liable at the prevailing rate.