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London N15 / Brentwood / Watton / Southend / Clacton-on-Sea

Guide Price
£3,000,000

£249.79 per sq. ft.

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE
12,010 sq. ft.
(1,116 sq. m.)
SECTOR
Healthcare facility for sale
USE CLASS
Use class orders: D1 Non-Residential Institutions and Class E
D1, E

Key features

  • Portfolio of 4 Dental Investments and 1 Head Office Investment with Development Opportunity
  • 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

Property description

Tenure: Freehold

Investment Consideration:
Gross Initial Yield: 4.95%
Rental Income: £148,500 p.a.
VAT is NOT applicable
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.


106 High Road, London N15 6JR:
Property Description:
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
Tenancy:
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.
Tenure:
Virtual Freehold. To be held on a new 999 Year lease from completion at a ground rent of peppercorn.

137-137b High St, Brentwood CM14 4RZ:
Property Description:
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

Tenancy:
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:
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)
Tenancy:
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:
Property Description:
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)
Tenancy:
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:
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.

Brochures

London N15 / Brentwood / Watton / Southend / Clacton-on-Sea

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • South Tottenham Station0.1 miles
  • Stamford Hill Station0.3 miles
  • Seven Sisters Station0.3 miles

About Blue Alpine, London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

Blue Alpine is a leading advisory company that helps clients around the world turn property into a path for growth. We plan and deliver solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. Together, we unlock potential. At Blue Alpine, we believe a comprehensive understanding of a client’s financial goals are key to helping them fulfil their investment expectations. By employing a transparent and consultative approach we can asse

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