Investment Consideration:
Gross Initial Yield: 4.89%
Rental Income: £22,000 p.a.
VAT is NOT applicable to this property
Comprises ground floor shop trading as a dental practice
Entire property let until 2034 (No breaks)
Clacton Dental Care provides NHS services and also have some of the most sophisticated dental equipment and cosmetic dentistry treatments offering, including world famous Invisalign, 3D Itero scanning and teeth whitening.
Total area size of 137 sq m (1,474 sq ft)
Located within short walk to South Tottenham Overground Station
Nearby occupiers include pharmacy, butcher, takeaway and convenience store, amongst others
Property Description:
The property comprises ground floor shop, currently operating as a dental practice.
The property provides the following accommodation and dimensions:
Ground Floor: 137 sq m (1,474 sq ft)
Reception, Surgery Rooms, Office, Storage, Staff WC
Tenancy:
The property is let to Clacton Dental Care Ltd* for a term of 15 years from 2019 at a current rent of £22,000 per annum and the lease contains full repairing and insuring covenants. Rent review in 2024 and 2029. No break clause.
*Note - Clacton Dental Care is a large dental practice operator with more than 30 locations across UK.
Tenure:
Virtual Freehold. To be held on a new 999 Year lease from completion at a ground rent of peppercorn.
Location:
Tottenham is a large town in north London, England, located in the historic county of Middlesex. It is centred 6 miles (10 km) north-northeast of Charing Cross, bordering Edmonton to the north, Walthamstow, across the River Lea, to the east, and Stamford Hill to the south, with Wood Green and Harringay to the west. The property is located within short walk to South Tottenham Overground Station. Nearby occupiers include pharmacy, butcher, takeaway and convenience store, amongst others.
