84 High Street, Wordsley, Stourbridge, West Midlands DY8 5SB
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 26 Freehold Investment – Gross Yield 11.9% In the same family ownership for approx. 14 years 6 week completion SITUATION Located close to the junctions with New Street and Church Road on the main A491 thoroughfare just north of Stourbridge, within this established local parade approximately 6 miles west of Birmingham city centre with easy access to the M5 motorway (Junction 3). PROPERTY An end of terrace Locally Listed property comprising 2 Intercommunicating buildings (front and rear) used as a Dental Practice to include 5 separate dental surgeries and an x-ray room planned on ground, basement and first floors with gas central heating and uPVC double glazing. In addition, the property also includes a Rear Garden. ACCOMMODATION Ground Floor 2 Dental Surgeries & Reception Area Approx. 595 sq ft Basement Store Area Approx. 155 sq ft First Floor 3 Dental Surgeries, X-Ray Room & Kitchen Area Approx. 485 sq ft WC Total Area Approx. 1,235 sq ft VAT is NOT applicable to this Lot FREEHOLD TENANCY The entire property is let on a full repairing and insuring lease (subject to a schedule of condition) to Petrie Tucker & Partners Ltd as a Dental Practice (See Tenant Profile) for a term of 10 years from 24th September 2020 at a current rent of £13,046. 38 per annum exclusive (see Note 1) . TENANT PROFILE Petrie Tucker & Partners Ltd reported a T/O for Y/E 31/03/2024 of £46m, Pre-Tax Profit £13m and Shareholders Funds of £49.3m. The company is a wholly owned subsidiary of Turnstone Bidco 1 Limited and Ultimately Integrated Dental Holdings Ltd who are one of the UK’s leading Dental Groups managing a network of over 600 dental practices providing services to around 2 million patients (Visit: www.mydentist.co.uk). Note 1: The current rent is £10,240 p.a. rising to £13,046. 38 p.a. from 24th September 2025 by way of an RPI linked rent review. Note 2: The tenant has been in occupation for over 20 years. Note 3: The tenant has not operated their September 2025 Break Clause.
