Request a Valuation
For Sale: £325,000
2 Butler Road, Halstead, Essex, CO9
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Area
1948Sq Ft
The property comprises a modern dental surgery subject to a substantial extension in the year 2001. It is arranged entirely at ground floor level and benefits from a modern open plan waiting and reception area with the five surgeries and ancillary support areas arrange off the central patient reception area.
The property has been a dental practice for approx. 33 years, with the practice currently trading as "BUPA Dental Care" and the leaseholder is a subsidiary of BUPA. The internal level of the fit out is high, and commensurate with well equipped modern dental facilities.
There are 3 car parking spaces at the front of the premises and a large public (pay and display) car park adjacent to the building. The property also benefits from a rear fire escape.
Business Rates
We are advised that the rateable value is £23,500. Therefore, approx. rates payable of £11,725. Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.
EPC
We have been advised that the premises fall within class D (97) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.
Accommodation
Approximate Gross Internal Area:
Total Approx. 1,948 sq ft (181 sq m)
Tenancy / Investment Proposal
The property is occupied by way of a 15 year lease commenced 01.12.2014 on full repairing and insuring terms at £24,000 per annum.
The tenant is Avsan Halstead Ltd (Company No: 08743493), which is ultimately owned by British United Provident Association (BUPA).
There are no breaks and the lease provides for a rent review effective 01.12.2023 on an upward only basis to market rental value.
Terms
Offers are invited for the freehold interest, at a guide price of £325,000, which will deliver a gross initial yield of 7.4%.
VAT
We are advised that the property is not VAT registered, and VAT will not be charged on the purchase price.
Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.
Legal Costs
Each party will bear their own legal costs.
Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.
Viewings Strictly By Appointment Via Sole Agents:
Fenn Wright
01206 85 45 45
Colchestercommercial@fennwright.co.uk
Features
- Dental Surgery Investment For Sale Freehold
- Long Standing Dental Surgery Location
- Five Fully Fitted Surgeries
- Refurbished Interior
- 3 Car Parking Spaces
- Reserved Rent £24,000 per annum
- Lease Expiry 30.11.2029 (No Breaks)
- Not VAT Registered
Floor plan
Map
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2 Butler Road, Halstead, Essex, CO9
The property comprises a modern dental surgery subject to a substantial extension in the year 2001. It is arranged entirely at ground floor level and benefits from a modern open plan waiting and reception area with the five surgeries and ancillary support areas arrange off the central patient reception area.
The property has been a dental practice for approx. 33 years, with the practice currently trading as "BUPA Dental Care" and the leaseholder is a subsidiary of BUPA. The internal level of the fit out is high, and commensurate with well equipped modern dental facilities.
There are 3 car parking spaces at the front of the premises and a large public (pay and display) car park adjacent to the building. The property also benefits from a rear fire escape.
Business Rates
We are advised that the rateable value is £23,500. Therefore, approx. rates payable of £11,725. Interested parties are advised to make their own enquiries with the local rating authority to confirm their liabilities.
EPC
We have been advised that the premises fall within class D (97) of the energy performance assessment scale. A full copy of the EPC assessment and recommendation report is available from our office upon request.
Accommodation
Approximate Gross Internal Area:
Total Approx. 1,948 sq ft (181 sq m)
Tenancy / Investment Proposal
The property is occupied by way of a 15 year lease commenced 01.12.2014 on full repairing and insuring terms at £24,000 per annum.
The tenant is Avsan Halstead Ltd (Company No: 08743493), which is ultimately owned by British United Provident Association (BUPA).
There are no breaks and the lease provides for a rent review effective 01.12.2023 on an upward only basis to market rental value.
Terms
Offers are invited for the freehold interest, at a guide price of £325,000, which will deliver a gross initial yield of 7.4%.
VAT
We are advised that the property is not VAT registered, and VAT will not be charged on the purchase price.
Interested parties are advised to consult their professional advisors as to their liabilities, if any, in this direction.
Legal Costs
Each party will bear their own legal costs.
Anti-Money Laundering Regulations
Anti-Money Laundering Regulations require Fenn Wright to formally verify prospective purchaser's identify, residence and source of funds prior to instructing solicitors.
Viewings Strictly By Appointment Via Sole Agents:
Fenn Wright
01206 85 45 45
Colchestercommercial@fennwright.co.uk