6 The Parade, Shirehampton, Bristol BS11 9TS
Barnett Ross Property AuctioneersBarnett Ross was formed in October 2002, drawing upon the combined 60 year's auction experience of John Barnett and Jonathan Ross, and immediately established itself as one of the largest independent auction houses in the U.K.
Read more Read moreLot 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.
