Available
Portfolio – 4 Dental Care and 1 Head Office
London N15 / Brentwood / Watton / Southend / Clacton-on-SeaPortfolio of 4 Dental Investments and 1 Head Office Investment with Development Opportunity
Price
£3,000,000
Rent P.A.
£148,500
Yield
4.95%
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
13y 1m
Area
12,010 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- The portfolio comprises 4 x Dental Investments and 1 Head Office (4 Freehold and 1 Virtual Freehold)
- Total area size of 1,116 sq m (12,010 sq ft)
- All five properties let until 2034 (4 with no break clause)
- Large dental practice operator with more than 30 locations around UK
- All practices have some of the most sophisticated dental equipment and are set up with the very latest in cosmetic dentistry treatments offering, for instance, world famous Invisalign, 3D Itero scanning and teeth whitening.
- All properties provide NHS services
- Great locations with easy access to transport links and local amenities.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
106 High Road, London N15 6JR:
The property comprises ground floor shop, currently operating as a dental practice. Tenant operates from No.104 High Road as well, which is not included in the sale.
The property provides the following accommodation and dimensions:
Ground Floor: 137 sq m (1,474 sq ft)
Reception, Surgery Rooms, Office, Storage, WC
137-137b High St, Brentwood CM14 4RZ:
The property comprises corner building currently operating as an office accommodation, arranged over ground, first and second floor.
The property provides the following accommodation and dimensions:
Ground Floor: Office 96 sq m (1,033 sq ft)
First Floor: Office 96 sq m (1,033 sq ft)
Second Floor: Office 36 sq m (388 sq ft)
Total area size: 228 sq m (2,454 sq ft)
Planning approved for converting first and second floor offices to 2 x 1-Bed and 1 x 2-Bed Flats.
The property would provide the following accommodation and dimensions:
Ground Floor: Medical Premises 96 sq m (1,033 sq ft)
First Floor: 2 Residential Flats 96 sq m (1,033 sq ft)
Flat 1 - 1 Bedroom, Kitchen/Living Room, Bathroom/WC
Flat 2 - 2 Bedrooms, Kitchen/Living Room, Bathroom/WC
Second Floor: 1 Residential Flat 36 sq m (388 sq ft)
Flat 3 - 1 Bedroom, Kitchen/Living Room, Bathroom/WC
40-42 Osyth Road, Clacton-on-Sea CO15 3BW:
The property comprises two storey detached building currently operating as a dental practice. The property benefits from 4 car parking spaces at rear.
The property provides the following accommodation and dimensions:
Ground Floor: 153 sq m (1,648 sq ft)
Reception, Surgery Rooms, Office
First Floor: 137 sq m (1,474 sq ft)
Surgery Rooms, Storage, Staff WC
Total area size: 290 sq m (3,122 sq ft)
Clarence House, 78 High Street, Watton IP25 6AW:
The property comprises detached Victorian building, arranged over ground, first and second floor, currently operating as a dental practice. The property benefits from 4 car parking spaces at rear.
The property provides the following accommodation and dimensions:
Ground Floor: Reception, Surgery Rooms, Storage, Kitchen
First Floor: Office, Surgery Rooms, Staff Room, Storage
Second Floor: Office, Staff Room, Storage
Total area size: 370 sq m (3,980 sq ft)
117 West Road, Southend on Sea SS3 9DT:
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
The property comprises ground floor shop, currently operating as a dental practice. Tenant operates from No.104 High Road as well, which is not included in the sale.
The property provides the following accommodation and dimensions:
Ground Floor: 137 sq m (1,474 sq ft)
Reception, Surgery Rooms, Office, Storage, WC
137-137b High St, Brentwood CM14 4RZ:
The property comprises corner building currently operating as an office accommodation, arranged over ground, first and second floor.
The property provides the following accommodation and dimensions:
Ground Floor: Office 96 sq m (1,033 sq ft)
First Floor: Office 96 sq m (1,033 sq ft)
Second Floor: Office 36 sq m (388 sq ft)
Total area size: 228 sq m (2,454 sq ft)
Planning approved for converting first and second floor offices to 2 x 1-Bed and 1 x 2-Bed Flats.
The property would provide the following accommodation and dimensions:
Ground Floor: Medical Premises 96 sq m (1,033 sq ft)
First Floor: 2 Residential Flats 96 sq m (1,033 sq ft)
Flat 1 - 1 Bedroom, Kitchen/Living Room, Bathroom/WC
Flat 2 - 2 Bedrooms, Kitchen/Living Room, Bathroom/WC
Second Floor: 1 Residential Flat 36 sq m (388 sq ft)
Flat 3 - 1 Bedroom, Kitchen/Living Room, Bathroom/WC
40-42 Osyth Road, Clacton-on-Sea CO15 3BW:
The property comprises two storey detached building currently operating as a dental practice. The property benefits from 4 car parking spaces at rear.
The property provides the following accommodation and dimensions:
Ground Floor: 153 sq m (1,648 sq ft)
Reception, Surgery Rooms, Office
First Floor: 137 sq m (1,474 sq ft)
Surgery Rooms, Storage, Staff WC
Total area size: 290 sq m (3,122 sq ft)
Clarence House, 78 High Street, Watton IP25 6AW:
The property comprises detached Victorian building, arranged over ground, first and second floor, currently operating as a dental practice. The property benefits from 4 car parking spaces at rear.
The property provides the following accommodation and dimensions:
Ground Floor: Reception, Surgery Rooms, Storage, Kitchen
First Floor: Office, Surgery Rooms, Staff Room, Storage
Second Floor: Office, Staff Room, Storage
Total area size: 370 sq m (3,980 sq ft)
117 West Road, Southend on Sea SS3 9DT:
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 Description
106 High Road, London N15 6JR:
The property is at present 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.
137-137b High St, Brentwood CM14 4RZ:
The property is at present let to Clacton Dental Care Ltd for a term of 15 years from 1st September 2018 at a current rent of £50,000 per annum and the lease contains full repairing and insuring covenants. Rent review in 2023 and 2028. Tenant option to determine in 2023 with minimum 6 months notice.
40-42 Osyth Road, Clacton-on-Sea CO15 3BW:
The property is at present let to Clacton Dental Care Ltd* for a term of 15 years from 12th December 2019 at a current rent of £37,500 per annum and the lease contains full repairing and insuring covenants. Open market rent review in 2024 and 2029. No breaks.
Clarence House, 78 High Street, Watton IP25 6AW:
The property is at present let to Clacton Dental Care Ltd* for a term of 15 years from 12th December 2019 at a current rent of £27,500 per annum and the lease contains full repairing and insuring covenants. Rent review in 2024 and 2029. No breaks.
117 West Road, Southend on Sea SS3 9DT:
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.
The property is at present 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.
137-137b High St, Brentwood CM14 4RZ:
The property is at present let to Clacton Dental Care Ltd for a term of 15 years from 1st September 2018 at a current rent of £50,000 per annum and the lease contains full repairing and insuring covenants. Rent review in 2023 and 2028. Tenant option to determine in 2023 with minimum 6 months notice.
40-42 Osyth Road, Clacton-on-Sea CO15 3BW:
The property is at present let to Clacton Dental Care Ltd* for a term of 15 years from 12th December 2019 at a current rent of £37,500 per annum and the lease contains full repairing and insuring covenants. Open market rent review in 2024 and 2029. No breaks.
Clarence House, 78 High Street, Watton IP25 6AW:
The property is at present let to Clacton Dental Care Ltd* for a term of 15 years from 12th December 2019 at a current rent of £27,500 per annum and the lease contains full repairing and insuring covenants. Rent review in 2024 and 2029. No breaks.
117 West Road, Southend on Sea SS3 9DT:
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.
Tenancies & Accommodation
