The BMI Harbour Hospital, Poole

A Freehold Hospital investment with fixed annual rental uplifts, secured upon BMI Healthcare Limited with net assets of over £1.19 billion for just under 22 years.

• The BMI Harbour provides a 37,797 sq ft private hospital located in the affluent area of Poole in Dorset.
• Situated next to the main Poole NHS Hospital and the St Marys Maternity Unit upon a 1.46 acre site with 78 car parking spaces.
• Freehold.
• A 25 year full repairing and insuring lease to the excellent covenant of BMI Healthcare Limited from 1st February 2008 to 31st January 2033 (just under 22 years remaining) at a topped up rental of £1,537,800 per annum as at completion of sale.  As at 15th April every year, the lease is subject to fixed rental uplifts which are calculated to 2.5% per annum compound.
• The Vendor is seeking offers in excess of £24,240,000 (Twenty-Four Million, Two Hundred and Forty Thousand Pounds) subject to contract and exclusive of VAT, for the benefit of their freehold interest, which will provide a net initial yield of 6% based upon the topped up rental and assuming purchaser's costs of 5.75%.