BUPA DENTAL CARE INVESTMENT OPPORTUNITIES FOR SALE

PRACTICES ACQUIRED BY BUPA IN 2018 | WAULT 4.61 YEARS

` BUPA Dental Care Darras Hall, 158 Middle Drive,

Darras Hall, , NE20 9DT BUPA Dental Care North Lakeland, 59/61 High Street, Wigton, Cumbria, CA7 9PG

Johnson Tucker LLP, The Boathouse, Newburn, , NE15 8NL T: 0191 269 7890 E: [email protected] W: www.johnsontucker.co.uk

BUPA Dental Care Darras Hall

158 Middle Drive, Darras Hall,

Ponteland, NE20 9DT LOCATION

Darras Hall is generally regarded as the most expensive and exclusive areas to live in the North

East of and is home to a number of celebrities, professional footballers and some of the most powerful business leaders in the region.

Darras Hall is located approximately 9 miles north west of Newcastle city centre and 1.5 miles from

Newcastle International Airport, accessible via the

A696 or by bus. The nearby airport also has rail links to Newcastle city centre.

SITUATION

The property is conveniently situated in the commercial centre of Darras Hall next to the popular Broadway Shopping Centre.

Nearby occupiers include the Darras Hall Clinic, Dobsons Estate Agents, Haveli, Co-op Convenience Store, Boots Pharmacy and Darras Hall Hair Lounge. There is also good free car parking provisions opposite the premises.

The property is situated less than one mile from Ponteland town centre, with its associated retail provision and amenities.

Johnson Tucker LLP, The Boathouse, Newburn, Newcastle upon Tyne, NE15 8NL T: 0191 269 7890 E: [email protected] W: www.johnsontucker.co.uk

DESCRIPTION

High quality ground floor dental surgery comprising three treatment rooms and associated facilities.

ACCOMMODATION

Comprising net internal area of 104.28 sq m (1,122 sq ft)

LEASE TERMS

Let to Tooth Fixer Limited (100% owned by BUPA) for a 10 year term from 11 April 2016, subject to review at the end of year 5 at the passing rent of £20,000 per annum.

TENURE

The property is held on a long leasehold interest for a term of 150 years from 1 October 1960 therefore providing circa 90 years unexpired term at a ground rent of £25 per annum.

VIDEO ARCHIVE

Please click the following links to our video archive:  Front Elevation & Street scene  Broadway Shopping Centre

Johnson Tucker LLP, The Boathouse, Newburn, Newcastle upon Tyne, NE15 8NL T: 0191 269 7890 E: [email protected] W: www.johnsontucker.co.uk

BUPA Dental Care North Lakeland

59/61 High Street, Wigton, Cumbria, CA7 9PG

LOCATION

Wigton is a market town in Cumbria, just outside the Lake District located approximately 12 miles west of Carlisle, 15 miles north east of Cockermouth, 20 miles north of Keswick and 22 miles north west of Penrith.

The Lake District is a UNESCO World Heritage Site and Cumbria as a whole attracted almost 48 million visitors in 2019.

The market town has a population of around 6,000 residents, with a further 96,000 in the wider Allerdale district.

Wigton has excellent transport links with Wigton Railway Station providing Cumbrian Coast Line services to nearby towns and cities.

SITUATION

The property is conveniently situated on High Street within the commercial centre of the town alongside a number of local retailers as well as Thomlinson Junior School, St Mary’s Church and Wigton Library. Nearby occupiers include Lidl, Co- op, B&M, Travis Perkins, Spar among others.

Johnson Tucker LLP, The Boathouse, Newburn, Newcastle upon Tyne, NE15 8NL T: 0191 269 7890 E: [email protected] W: www.johnsontucker.co.uk

DESCRIPTION

The premises are over ground floor and part first floor, the first floor residential dwelling at 59a High

Street has been sold off long leasehold. The property has 4 treatment rooms and associated facilities.

ACCOMMODATION

Comprising net internal area as follows:

Ground Floor: 86.4 sq m (930 Sq ft) First Floor: 46.06 sq m (496 sq ft)

TOTAL: 132.46 sq m (1,426 sq ft)

LEASE TERMS

Let to North Lakeland Limited (100% owned by BUPA) from 20 July 2018 to 16 June 2024 subject to a rent review on 16 June 2022 at the passing rent is £13,146 per annum.

TENURE

The property is held freehold subject to a long- leasehold interest of an upper floor flat which has been sold off.

Johnson Tucker LLP, The Boathouse, Newburn, Newcastle upon Tyne, NE15 8NL T: 0191 269 7890 E: [email protected] W: www.johnsontucker.co.uk

PROFESSIONAL COSTS PROPOSAL VIEWING

Each party is to be responsible for their own costs We are instructed to seek offers in excess of Strictly By appointment through Johnson Tucker incurred in the transaction. £450,000 (Four Hundred and Fifty Thousand LLP or our Joint Agent McGillivrays Chartered Pounds) for our client’s interest in both Surveyors. properties, subject to contract and exclusive of VAT VAT. For more information please contact: All figures quoted are exclusive of VAT, where Magnus McGillivray MRICS payable. A sale at £450,000 reflects a net initial yield of Mob: 07733 899 156 7.05% based on the combined rent of £33,146 per annum and assuming standard purchasers costs of Email: [email protected] ANTI-MONEY LAUNDERING 4.47%. REGULATIONS

In accordance with anti-money laundering regulations, two forms of identification and confirmation of the source of funding will be

required from the successful purchaser. Daniel Capobasso MRICS

Mob: 07968 618 948

Email: [email protected]

Conditions under which these particulars are issued All details in these particulars are given in good faith, but Johnson Tucker LLP for themselves and the Vendors/Lessors of this property for whom they act give notice that: - 1. These particulars do not and shall not constitute, in whole or in part, an offer or a contract or part thereof, and Johnson Tucker LLP have no authority to make or enter into any such offer or contract. 2. All statements contained in these particulars are made without acceptance of any liability in negligence or otherwise by Johnson Tucker LLP for themselves or for the Vendors/Lessors. 3. None of the statements contained in these particulars is to be relied on as a statement or representation of fact or warranty on any matter whatsoever, and intending purchasers must satisfy themselves by whatever means as to the correctness of any statements made within these particulars. 4. The Vendors/Lessors do not make, give or imply, nor do Johnson Tucker LLP or any person in their employment have any authority to make, give or imply, whether in these particulars or otherwise, any representation or warranty whatsoever in relation to the property. The statement does not affect any potential liability under the Property Misdescriptions Act 1991.

Johnson Tucker LLP, The Boathouse, Newburn, Newcastle upon Tyne, NE15 8NL T: 0191 269 7890 E: [email protected] W: www.johnsontucker.co.uk