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Teignmouth

Offers in Region of
£550,000

Business rates & charges may apply

Bettesworths, Devon
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SECTOR

Commercial property for sale

Key features

  • General Practice Medical Surgery Investment For Sale (Practice Not Affected)
  • Freehold Medical Investment - Current Passing Rent: £26,810 Per Annum
  • Two Storey Detached Surgery with On-Site Parking
  • Gross Internal Area 194m2 (2,088 sq ft)
  • Short Lease – No Security of Tenure
  • Prime South Devon Coastal Village Location

Description

General Practice Medical Surgery Investment For Sale (Practice Not Affected). Freehold Medical Investment - Current Passing Rent: £26,810 Per Annum. 

Riverside Surgery occupies a prominent position on Albion Street in the heart of Shaldon, one of South Devon’s most desirable estuary villages. Located on the south bank of the River Teign opposite Teignmouth, Shaldon is a highly sought-after residential and coastal destination with strong property values and limited commercial availability. The property benefits from proximity to village amenities, public transport connections and the wider Teignbridge catchment area. The property comprises a detached two-storey medical surgery purpose configured for GP practice use.  The accommodation provides reception and waiting areas together with consulting rooms, treatment rooms and staff facilities arranged over ground and first floors. Externally the building benefits from dedicated on-site parking, a particularly valuable feature within this central village setting. THE OPPORTUNITY 
The property represents an attractive income-producing freehold investment, currently occupied for established medical use serving a strong local catchment. The short lease profile provides a clear asset management opportunity, with potential for future redevelopment or alternative uses, including possible residential conversion subject to the necessary planning consents. Importantly, the tenant does not benefit from security of tenure, offering flexibility to investors and developers at lease expiry. Situated within one of South Devon’s most desirable coastal villages, the strength of the Shaldon property market provides solid underlying value, supporting the long-term appeal of the asset beyond its existing income stream. 

ACCOMMODATION

The accommodation is arranged over ground and first floors and is as an operating clinic with Reception & Waiting Room, Consulting & Treatment Rooms, WC's, Offices, Staff Areas and Storage.

An illustrative floor plan can be viewed overleaf.

OUTSIDE

Parking for 4 vehicles.

TENURE & LEASE SUMMARY

Tenure:
Freehold subject to occupational lease.

Tenant:
Medical Practice.

Lease Term:
3 years from July 2025 (expiring June 2028).

Current Rent:
£26,810 per annum.

Rent Reviews:
30 June 2026 and annually thereafter.

Repairing Basis:
Tenant responsible for repairs and outgoings.

Security of Tenure:
The lease is contracted outside the provisions of the Landlord & Tenant Act 1954. The tenant therefore has no statutory right to renew the lease at expiry.

PRICE

Offers in the Region of £550,000.

A purchase at this level reflects an attractive income return together with medium-term asset management and redevelopment potential.

VAT

We are informed that the property is not opted for VAT.

LEGAL COSTS

Each party is to bear their own legal cost incurred in any transaction.

EPC RATING C

VIEWING

The property continues to operate as a Medical Practice. Viewing is strictly by prior appointment through the sole agents Bettesworths.

Interested parties are requested to respect the ongoing medical use of the property and not to approach staff or patients directly.

Energy Performance Certificates

Energy Performance Certificate

Brochures

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Teignmouth Station0.8 miles
  • Dawlish Station3.3 miles
  • Newton Abbot Station4.1 miles

About Bettesworths, Devon

221 St Marychurch Road, Torquay, Devon, TQ1 4NB

Bettesworths is an independent family business, owned and run by the third generation Chartered Surveyor Directors, Matt & Paul.

We have an experienced team, highly skilled and expert in delivering a broad range of services to clients looking for the very best results.

Our breadth of experience across all property sectors, the depth of our day to day involvement and our technical knowledge gives Bettesworths an unrivalled platform from which to provide advice to meet our clients’ needs.

Our clients range from private individual property owners and occupiers to PLC institutions. We ensure each and every one is best supported with a service with which to meet the challenges and changes in the market and their own circumstances.

We offer free initial consultations without obligation, so please contact a member of our team to discuss your requirements.

Notes

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Disclaimer - Property reference 12835764. 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 Bettesworths, Devon. 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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