572 Welbeck Road, Newcastle Upon Tyne

Freehold dental practice Investment for sale. Investment with reputable tenant mydentist. Rental income £15,000 per annum. Net internal area 152 sq. m. (1,636 sq. ft.). 15-year lease from 1st October 2012. Gross yield of 6.38 % on the purchase price. Established residential area within Newcastle upon Tyne.

Offers over £235,000 Freehold
Ref I359


Location
572 Welbeck Road is situated in the heart of Walker, a well-established suburb around 2 miles east of Newcastle city centre. The property occupies a prominent position on a busy local parade, surrounded by a mix of residential housing and neighbourhood retail. The area benefits from strong footfall, regular bus services, and convenient access to the wider Tyne & Wear transport network. This accessible and densely populated location provides a reliable customer base for local service operators, including the existing dental tenant.

Description
The property comprises a mid-terrace, two-storey building with a converted loft, providing a net internal area of approximately 152 sq. m. (1,636 sq. ft.). The accommodation is arranged to provide a range of clinical surgery rooms, a reception area, W.C. facilities, and ancillary storage space.

The property is currently let to mydentist on a 15-year lease commencing October 2012, generating a current rental income of £15,000 per annum. This reflects a net initial yield of approximately 6.38%.

Tenant
Whitecross Dental Care Limited (No.00244415)

Lease Terms
15 years from 1st October 2012 to and including 30th September 2027

Rental income
£15,000 per annum

Tenure
Freehold

Price
£235,000

Yield
Gross of 6.38 % on the purchase price

Viewing
Strictly by appointment through this office

EPC Rating
C

Rateable Value
The 2025 Rating List entry is Rateable Value £8,800