Primary healthcare property investor MedicX Fund has bought a completed medical centre in Immingham, north-east Lincolnshire, for £6.3m.
The property, built in 2004, is leased to three tenants including a GP surgery, which accounts for 90% of the rental income, and a pharmacy.
The leases are subject to three-yearly upward-only rent reviews to open market value.
The MedicX Fund’s total property portfolio now includes 58 properties throughout the UK, of which 50 are complete, seven are under construction and one has yet to begin construction.
The annualised rent roll for all properties is £14m.
nathan.cross@estatesgazette.com
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