Acquired
Clacton-on-Sea – Dental Practice Investment
40/42 Osyth Road, Clacton-on-Sea CO15 3BWFreehold Dental Practice Investment
Tenure
Freehold
Lease Term
15 Years
Years Left on Lease
9y 11m
Area
3,122 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- Comprises dental practice arranged over ground and first floor.
- Entire property let until 2034 (No breaks)
- Property benefit from 4 car parking spaces at rear
- 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.
- Located within short walk to Clacton-On-Sea Train Station
- Occupiers nearby include Aldi, Beauty Salon and Takeaway Shop, amongst other local traders
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
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)
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)
Tenancy Description
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.
*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
Clacton-on-Sea is the largest town in the Tendring peninsula and district in Essex, eastern England. The town is served by Clacton-on-Sea railway station (90 minutes to London Liverpool Street station). The town also benefits from its own airport. Clacton has a pleasure pier, arcades, a golf course, caravan parks and an airfield. The town and its beaches are still popular with tourists in the summer and there is an annual entertainment programme including the Clacton Carnival and Clacton Air show. Clacton has a shopping area with many of the usual national chains represented, and a Factory Shopping Village in the north of the town. The property is located within short walk to Clacton-On-Sea Train Station. Occupiers nearby include Aldi Supermarket, Beauty Salon and Takeaway Shop, amongst other local traders.
