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Stanmore Medical Centre, 85 Crowshott Avenue, Stanmore, Middlesex

Stanmore Medical Centre, 85 Crowshott Avenue, Stanmore, Middlesex

Stanmore Medical Centre, 85 Crowshott Avenue, Stanmore, Middlesex, HA7 1HS
£1,000,000 Guide Price

Key Points

Property Features

  • Medical Facility Investment
  • minimum rent of £57,850 per annum or subject to any agreed increase subject to approval
  • Overdue rent review from 15th March 2025. Expectation of rent to have increased to c.£69,000 since last review
  • Type: Healthcare Facility
  • Availability: For Sale

Description

Property Summary

A well-located NHS medical centre investment situated in a popular residential area near Canons Park. This detached, three-storey property was originally constructed in the 1930s and later extended and converted to accommodate healthcare use. The building includes a main ground floor reception, ground floor office with kitchenette and store, 10 consulting or private rooms, administration areas, staff and patient WCs, and additional storage.
Constructed of traditional brick under a timber pitched, tile-covered roof, the property features UPVC double-glazed windows and is fully furnished and occupied by an NHS GP practice. It benefits from dual road frontage, with vehicle access and parking available at both the front and rear of the site, offering provision for up to eight vehicles.
The investment is to be offered on a new 10–15 year full repairing and insuring (FRI) lease to two NHS GP doctors, subject to final NHS approval. The proposed rent is a minimum of £57,850 per annum, with upward-only rent reviews every three years. Offers are invited in excess of £1,000,000, reflecting a net initial yield (NIY) of 5.78%.

Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation. These details are prepared as a general guide only, and should not be relied upon as a basis to enter into a legal contract, or commit expenditure. An interested party should consult their own surveyor, solicitor or other professionals before committing themselves to any expenditure or other legal commitments.

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