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2

Garden House, Church Walk, Dunstable, LU6 3SU

Offers in region of

£4,700,000

Size

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Tenure

Freehold

EPC

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Parking

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Primary use
Healthcare
Floorplan
2

Key features

  • 18 x C3 supported living apartments
  • Freehold, 13,712 sqft (GIA) building on a 0.85-acre site
  • New 21-year FRI lease to a national Registered Provider
  • Income supported by long-term council nominations and void agreements
  • £305,336 per annum rent, CPI-linked reviews

Description

Redevelopment of the former Dunstable Health Centre into an 18-unit supported living scheme for adults with learning disabilities and mental health needs.

Freehold, 13,712 sqft (GIA) building on a 0.85-acre site in a prime town centre location.

New 21-year FRI lease to a national Registered Provider, with income supported by long-term council nominations and void agreements.

£305,336 per annum rent, CPI-linked reviews.

We are instructed to invite offers in the region of £4,700,000, subject to contract, reflecting a Net Initial Yield of 6.10%, assuming standard purchaser’s costs of 6.56%.

A purchase at the guide price would reflect a capital value of £343 per sqft against the GIA.
Additional information
Service charge
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Business rates
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Use class
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Listed building
No
Business for sale
No
Energy performance certificate: Ask agent

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating
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Environmental description
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Read more about energy considerations for commercial property

Brochure

Garden House, Church Walk, Dunstable, LU6 3SU

Map showing property location

NEAREST STATIONS

National Rail

Leagrave Station

2.94 miles

National Rail

Luton Station

4.5 miles

About GLPG, Marylebone

GLPG, Marylebone

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Disclaimer - Property reference Dunstable. 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 GLPG, Marylebone. 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.