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Hickman Road, Penarth

Description

An exceptional investment opportunity in the heart of Penarth with this freehold commercial property at Hickman Road. Currently leased to Xeon Smiles UK Limited, a well-established dental practice, this property offers a secure income stream with a 10-year lease (commenced 29 September 2017) and an annual rent of £20,500 (exclusive of VAT), the tenant’s business operations will remain unaffected.

Situated just off the high street, this property benefits from excellent visibility and accessibility, ideal for its permitted use as a dental surgery or other professional services under Class D1 (Town and Country Planning Act). The building is in good repair, as maintained by the tenant, and includes modern internal fittings suitable for a professional practice. The lease terms are investor-friendly, with the tenant responsible for utilities, rates, insurance contributions, and property maintenance, minimizing landlord obligations.

Key Features:
Freehold Title (WA835746) – Full ownership of land and building.

Stable Tenant – Xeon Smiles UK Limited, a reputable dental practice, ensuring reliable rental income.

Lease Details – 10-year term until September 2027, with a current rent of £20,500 p.a., reviewable in September 2027.

Prime Location – Located in Penarth, a sought-after coastal town with strong demand for professional services.

Low Maintenance – Tenant handles repairs and decoration.

Investment Security – The tenant’s business remains unaffected, offering peace of mind for investors.

This property is perfect for investors seeking a hands-off, income-generating asset with a dependable tenant in a prime location. Don’t miss the chance to acquire this well-positioned commercial property in Penarth’s vibrant community.

Brochures

Hickman Road, PenarthBrochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Hickman Road, Penarth

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About Jeffrey Ross, Penarth

9a Royal Buildings Victoria Road Penarth, CF64 3ED

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Disclaimer - Property reference 33901331. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Jeffrey Ross, Penarth. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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