About

Mixed commercial and residential investment opportunity.

Commercial - dental practice arranged as 3 surgery rooms, some air conditioned, centrally heated, together with kitchen/staff room, stores, comms room and decontamination room and having a usable area of 102.7 sq m (1,101 sq ft). There is useable basement currently used for storage and housing a gas boiler. Externally to the rear there is a 2 bay garage. There are also gardens to front and rear together with off-street car parking. The premises are let to ADP Dental Company Limited for a term of 15 years from November 2011 at a rent of £20,000pa. There are rent reviews at 5th and 10th anniversary although the rent hasn’t increased over the term. The tenant is no longer trading from the premises.

Residential - 2 flats over both sold on long leases

Flat 2 – let for a term of 99 years from 1999 with the tenant paying a ground rent of £50.00pa rising to £100.00pa at 33 years and £150.00 at 66 years together with a service charge

Flat 3 – let for a term of 99 years from 1999 with the tenant paying a ground rent of £50.00pa rising to £100.00pa at 33 years and £150.00pa at 66 years together with a service charge

Offered for sale freehold, subject to the above leases. Offers sought in the region of £330,000

The commercial tenant has indicated they would be interested in vacating prior to lease end if a purchaser required vacant possession of this part.

The residential tenants have indicated they both may be interested in selling their long leasehold interest.  Additionally they have registered their interest in acquiring a share of the freehold if this were an option to a buyer.