Didsbury Medical Centre, Didsbury Point, The Boulevard, West Didsbury, Manchester M20 2EU

Available
 Didsbury Medical Centre, Didsbury Point, The Boulevard, West Didsbury, Manchester M20 2EU
Price £4,195,000
Rent (pa) £268,325
Yield 6%

Investment Summary

New build GP surgery investment in West Didsbury, a prime suburb of south Manchester

West Didsbury is an affluent suburb approximately 3.5 miles to the south of Manchester city centre

The area is one of Manchester’s most desirable residential locations with tree lined avenues of grand Victorian housing stock, that regularly features in the Sunday Times Best Places to Live in the UK

Situated along The Boulevard, just off the A5103 Princess Parkway (51,000 daily vehicle movements)

The property comprises a medical centre within a newly developed residential led development

The ground floor unit provides a net internal floor area of 12,432 sq ft and will benefit from the use of 25 parking spaces

The property is let to a group of GPs - who will receive a full reimbursement from the NHS for the total amount of rent paid

Didsbury Medical Centre are relocating from their existing surgery where they have been in occupation for over 30 years

New effective fully repairing and insuring lease for a term of 30 years wef 8th June 2026 to 7th June 2056 (29.7 years unexpired)

The initial rent of £268,325 per annum is to be reviewed three yearly in line with CPI annually compounded (1.50% - 3.50% cap and collar)

Long leasehold for a term of 250 years at a peppercorn ground rent

Property Brochure

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