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Lot 11

Freehold Retail Investment – Gross Yield 10.3%
In the same family ownership for over 26 years
6 week completion

SITUATION

Located close to the intersection of Station Road and the High Street, adjacent to William Hill and Post Office and nearby other multiples such as Coral and Co-op Food along with a variety of local traders.
Shirehampton is a popular residential suburb lying approx. 4 miles north-west of Bristol City Centre, enjoying good access to the M5 (Junction 18).

PROPERTY

Forming part of a retail parade, comprising a mid terrace Ground Floor Dental Surgery with internal access to Surgeries & Ancillary Accommodation at first floor level.

ACCOMMODATION

Ground Floor Reception/Surgeries
Gross Frontage	17'0"
Internal Width	18'5"
Shop Depth	34'5"
Built Depth	40'10"
WC
First Floor Surgeries/Ancillary/Waiting Area
Area	Approx. 732 sq ft
WC

VAT is NOT applicable to this Lot

FREEHOLD

TENANCY

The entire property is let on a full repairing and insuring lease to Dentex Clinical Ltd (T/O for Y/E 30/09/2024 £146.1m, Pre-Tax Profit £32.4m and Shareholders’ Funds £19.5m) as a Dental Surgery (see Note 1) for a term of 15 years from 10th August 2022 at a current rent of £15,400 per annum exclusive.

Rent Reviews 2027 and 2032

Note 1: Dentex Clinical Ltd offer a wide range of dental and Orthodontic services and are owned by PortmanDentex who are one of the leading providers of dental care, supporting over 370 practices across the UK and Ireland (Visit: www.portmandentex.com).

Note 2: The tenant also trades from the first floor of No. 5 The Parade (not included with the Freehold) which interconnects with the first floor of No. 6.

Note 3: No. 5 The Parade is also being offered for sale in this Auction – see Lot 10.

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
b. A single price figure where the 'Reserve' is not to exceed it.
c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.

6 The Parade, Shirehampton, Bristol BS11 9TS