Church Lane Medical Centre, Lincolnshire – Sold

Offers Over: £900,000

Bids Closed

Summary

Investment Summary

GP Practice
• Actual rent: £59,000 per annum
• Patient list size: 8,800
• FTE GPs: 4
• Freehold
• Lease: Full tenants repairing and insuring lease (FRI)
– Term: 15 years
– Lease commenced: 27th Feb 2023
– Lease expires: 26th Feb 2038
– Break Clauses: none
– Rent reviews: Every three years
– Next rent review: 27th Feb 2026

Key Property Features

• Ground floor area: 373.15 sqm
• First floor area: 68.31 sqm
• Car parking spaces: 21
• Building type: Purpose Built – 1993

Description

Church Lane Medical Centre in Lincolnshire is a fantastic investment opportunity, new to the market. It is a purpose-built medical practice with a tarmac car park situated to the front and side of the property providing a total of 21 car parking spaces.

Visitors enter the property into a lobby, leading to a reception desk and a large waiting room. Two toilets are accessible from the waiting room as well as access to the boiler. Behind, the reception area are two store rooms, a staff room and two large admin rooms. You exit the waiting area to the right of reception where there is a corridor leading to stairs to the first floor and a large corridor to access the rest of the ground floor. To the right of the ground floor corridor are six consultancy rooms and two storerooms. To the left of the corridor there are three consultancy rooms, a phlebotomy room and a treatment room, as well as a fully accessible toilet, from which a further storeroom can be accessed. The ground floor is a total of 373.15 square meters.

The first floor contains an office, a staff kitchen, and a large meeting room, as well as two staff toilets. The first floor is 68.31 square meters.

Floorplan

Click the floorplan to enlarge.

Contact

Kelly Cooke
Business Development Manager

0114 281 5850
[email protected]

Please note GP Surveyors Anti-Money Laundering Policy for Clients and Purchasers.

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.