Craghead Medical Centre, The Middles, Craghead, Stanley, County Durham, DH9 6AN

Lot Image

Auction sale - Monday 13th July 2015

Result:

Sold for £520,000.

  • Freehold medical centre investment
  • Let to Dr P V Nath and Dr R Dhuny until 2026
  • Site area 0.41 acres (0.17 hectares)
  • Mixed commercial and residential area
  • Producing £40,904 per annum

Details

Location

The former colliery town of Stanley, with a population of approximately 16,500, is located 9 miles north-west of County Durham and 9 miles west of Newcastle upon Tyne. It can be accessed via the A693 and A6076 with the former providing direct access to the A1 (M) at junction 63, just to the east. Nearby Durham and Newcastle upon Tyne mainline stations provide both national and regional rail services. The property is situated in a mixed residential and commercial area on the north side of The Middles in the centre of Stanley. Nearby occupiers include the Post Office.

Description

The property comprises a single storey building of brick construction beneath a multiple pitched tiled roof. The property is used as a medical centre providing primary care for Stanley and the surrounding area. The building comprises a reception area, staff office, examination rooms, treatment rooms, health visitor room, waiting area and WC's. The property has parking for up to 15 cars and is on a site of approximately 0.41 acres (0.17 hectares).

Tenure

Freehold.

Planning Authority

Stanley Town Council (01207 299109) www.stanley-tc.gov.uk.

VAT

We are not aware of any VAT liability.

Energy Performance Certificate

For EPC Rating please see website.

Address Tenant Floor Use Sq M Sq Ft Lease terms Rent £ pa
TOTAL 311.00 3,347 £40,904
Craghead Medical Centre Dr P V Nath and Dr R Dhuny Ground Medical Centre 311.00 3,347 25 years from 16/02/2001 £40,904
(1) The areas have been supplied by the Seller and are stated as Gross External Area.

Contact

Seller's solicitor

Peacock and Co Solicitors

(Anthony Penna)

020 8944 5290

anthony@peacock-law.co.uk

* Guide price

The guide price is an indication of the minimum price at which, or if a guide price range is given, within which, the seller is prepared to sell at the date of publication. The guide price is not an anticipated sale price or valuation. All prices quoted are subject to contract.

* Reserve price

The reserve price is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell.

Both the guide and reserve may be subject to change up to and including the day of the auction. The guide price does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price. On the fall of the hammer a buyer’s fee is payable of £990 inclusive of VAT.

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