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Agent's details

Southend-on-Sea - Freehold Dental Practice Investment

For sale: £250,000.00|980 Sq Ft|Healthcare, Other, General Retail, Other Property Types & Opportunities, Retail

Property details

FOR SALE£250,000.00
SIZE980 Sq Ft
ADDRESSSouthend Dental Care Group, 117 West Road, Shoeburyness, Southend-On-Sea, Essex, SS3 9DT
TYPEHealthcare, Other, General Retail, Other Property Types & Opportunities, Retail
TENUREInvestment Opportunity, Under Offer
POSTED ON30th August 2021

Description

Investment Consideration:
Gross Initial Yield: 4.60%
Rental Income: £11,500 p.a.
VAT is NOT applicable to this property
Comprises mid-terrace dental practice arranged over ground and first floor
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.
Property benefits from rear yard with 4 car parking spaces
Nearby occupiers include The Co-Op Supermarket, amongst a number of local traders such as takeaway shops, charity shop and pawn shop.

Property Description:
The property comprises dental practice, arranged over ground and first floor. Property benefits from rear yard with 4 car parking spaces.

The property provides the following accommodation and dimensions:
Ground Floor: 30 sq m (323 sq ft)
Reception, Storage, WC
First Floor: 61 sq m (657 sq ft)
Reception, Surgery Rooms, Storage

Tenancy:
The property is at present let to Clacton Dental Care Ltd* for a term of 15 years from 1st May 2019 at a current rent of £11,500 per annum and the lease contains full repairing and insuring covenants. Rent review in 2024 and 2029. No Breaks.
*Note - Clacton Dental Care is a large dental practice operator with more than 30 locations across UK.

Location:
Southend is served by two lines on the National Rail network. Two A-roads connect Southend with London and the rest of the country, the A127 via Basildon and Romford, and the A13 via Tilbury and London Docklands. Nearby occupiers include The Co-Op Supermarket, amongst a number of local traders such as takeaway shops, charity shop and pawn shop.

Location

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Location: Southend Dental Care Group, 117 West Road, Shoeburyness, Southend-On-Sea, Essex, SS3 9DT

Shoeburyness (0.7 miles)

Thorpe Bay (0.8 miles)

Southend Central (2.9 miles)

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