Dartmouth

Mixed-Use Investment Comprising Dental Surgery & 2 Bedroom Flat. Potential Asset Management Opportunity with Under Rented Elements.

The property is situated on Collingwood Road in Dartmouth, a popular residential area positioned within easy reach of Dartmouth town centre and the surrounding South Hams coastline. Dartmouth is a highly regarded coastal town known for its tourism, sailing community and affluent residential catchment. Collingwood Road is a well-established mixed residential and commercial location, making the property particularly suitable for healthcare operators and residential tenants alike. The property benefits from convenient road access to local amenities, schools and public transport links, while Dartmouth town centre and the waterfront are only a short distance away.The property comprises a mixed-use investment arranged as dental surgery on the ground and part first floor and a separate self-contained first floor flat. The dental practice is a well fitted, modern surgery with reception facilities, treatment rooms, staff accommodation and ancillary storage areas, benefitting from gas central heating together with separate electric and water supplies. The dental surgery is let on a 15-year lease from 14th January 2020 at a passing rent of £15,495 per annum.The first floor flat is independently accessed via an external staircase to the side elevation and is arranged as a spacious two-bedroom apartment presented in good condition throughout. A single garage positioned beneath the flat is allocated to the residential tenancy. Externally the property benefits from off-road parking to the front together with circulation space and access to the garage.The overall property presents a strong mixed-use investment opportunity with long-established occupiers and separate utility supplies to each demise.