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Spire Hospital Portfolio

UK

Dba338

Portfolio
£110,000,000

Tenure: Freehold
Tenancy: Single Let

Investment summary

• Three freehold modern, purpose-built, profitable, private hospitals located in Blackpool, Hull and Farnham.

• The properties provide a range of clinical services to private patients and to the National Health Service (NHS).

• Each property is let to Classic Hospitals Limited and guaranteed by Spire Healthcare Group UK Limited.

• The total passing rent of the portfolio is £7,116,174.

• Let on 35 year FRI leases from August 2005, expiring in August 2040 with unexpired leases of approximately 26 years at each hospital.

• The leases are subject to annual RPI linked uplifts with a collar of 3% p.a. and a cap of 5% p.a.

Locations:

Spire Clare Park Crondall Lane, Farnham, Surrey, GU10 5XX
3 operating theatres
Passing Rent: £1,551,426 (2013)

Spire Hull & East Riding, Lowfield Road, Hull, HU10 7AZ
4 operating theatres
Passing Rent: £4,063,150 (2013)

Spire Fylde Coast Hospital, Blackpool, FY3 8BP
3 operating theatres
Passing Rent: £1,501,559 (2013)

Contact us for further information
Telephone: +4420 7323 1010
Facsimile: +4420 7323 6600
Email: info@dbaprop.co.uk
Website: www.dbaprop.co.uk

Address:
DBA
91 Wimpole Street
London
W1G 0EF

Misrepresentation Clause

DBA Advisors Ltd for themselves, their Associated Companies, their employees and for the vendors or lessors of the properties whose agents they are give notice that:
1. All particulars or properties provided are given as a general outline only for the guidance of intending purchaser, lessee or tenant, and do not constitute, nor constitute part of, an offer or contract.
Whilst all particulars of properties given including but not limited to descriptions, dimensions, references to condition and necessary permissions for use and occupation and maps are believed to be correct and are given in good faith, they are however given without responsibility on the part of David Baroukh Associates their Associated Companies, their employees and or the vendors or lessors as the case may be.
2. None of the statements contained in any particulars is to be relied upon as a statement or representation of fact.
3. Any intending purchaser or lessee or tenant should not rely on any particulars provided by us and must satisfy themselves by inspection or otherwise as to the correctness of each statement made in such particulars.
4. The vendor or lessor (as the case may be) do not make or give and neither DBA Advisors Ltd, their Associated Companies or any person in their employment have any authority to make or give any representation or warranty whatever in relation to any properties.