Under Offer
Southend-on-Sea – Dental Practice Investment
117 West Road, Southend-on-Sea SS3 9DTFreehold Dental Practice Investment
Price
£250,000
Rent P.A.
£11,500
Yield
4.60%
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
10y
Area
980 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- 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.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
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
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
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.
*Note - Clacton Dental Care is a large dental practice operator with more than 30 locations across UK.
Tenancies & Accommodation
Location Description
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.