Prominent Freehold Dental Surgery Investment
Summary
- An opportunity to acquire single Let Dental Investment Property
- fully let to Portman Healthcare Limited on a 15-year FRI lease from 8th April 2016 expiring 7th April 2031. Subject to tenant break option on 8th April 2026
- Prominent Town Centre Location
- Self-contained converted chapel with rear car park
- RPI linked review on 8th April 2030
- Rent passing at £37,884.62 per annum which equates to £21.23 per sq ft.
- Freehold
- Portman Healthcare Limited had a turnover of £278.9m for the year ending 30th September 2024 with a gross profit of £127.3m
Location
Carmarthen is the county town and administrative centre of Carmarthenshire in South-West Wales. The
town is located approximately 87 km (54 miles) north west of Cardiff, 48 km (30 miles) north west of Swansea.
The property occupies a corner position on the intersection of Mansel Street and Market Street. The indoor market is immediately to the East and St Catherine’s Walk Shopping Centre is approximately 90 meters walk thereafter.
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Mainline Stations
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Carmarthen6 mins
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Ferryside129 mins
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Kidwelly164 mins
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Pembrey and Burry Port237 mins
Underground Station
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Reading2813 mins
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Twyford2897 mins
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Maidenhead3001 mins
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Taplow3034 mins
Further Information
Price Offers in the region of £450,000 A purchase at this price reflects an attractive net initial yield of 8.01%, after deducting purchasers’ costs of 5%
Rates Payable Upon Enquiry
EPC Rating This property has been set as EPC exempt.
Reason: Listed building
Description
The subject property is a two-storey, detached, Grade II-listed former chapel that has undergone a high-quality conversion to a dental surgery.
The dental surgeries feature clinical-style flooring, modern fixtures with ceramic basins, a contemporary dental chair, and an X-ray machine. The property also includes patient waiting areas and ancillary accommodation. To the rear, there is a car park with space for six vehicles
Viewings
Strictly by prior appointment with the sole agents.
Anti Money Laundering
In order to comply with anti-money laundering legislation, the preferred purchaser will be required to provide certain identification documents, and confirmation of the funding source will also be required.
Tenancy Information
The property is entirely let to Portman Healthcare Limited at a rent of £37,884.62 on a full repairing and insuring lease for a term of 15 years from 8th April 2016. There is an RPI linked review in April 2030.
Tenure
Freehold subject to the occupational leases
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