Offers over
£235,000
Property for sale572 Welbeck Road, Walker, Newcastle Upon Tyne NE6
Freehold
About this property
Freehold dental practice investment for sale
Investment with reputable tenant mydentist
Rental income £15000 per annum
Net internal area 152 sq. M. (1636 sq. Ft.)
15-year lease from 1st October 2012
Gross yield of 6.38 % on the purchase price
Established residential area within Newcastle upon Tyne
Freehold dental practice Investment for sale. Investment with reputable tenant mydentist. Rental income £15,000 per annum. Net internal area 152 sq. M. (1,636 sq. Ft.). 15-year lease from 1st October 2012. Gross yield of 6.38 % on the purchase price. Established residential area within Newcastle upon Tyne.
Offers over £235,000 Freehold
Ref I359
Location
572 Welbeck Road is situated in the heart of Walker, a well-established suburb around 2 miles east of Newcastle city centre. The property occupies a prominent position on a busy local parade, surrounded by a mix of residential housing and neighbourhood retail. The area benefits from strong footfall, regular bus services, and convenient access to the wider Tyne & Wear transport network. This accessible and densely populated location provides a reliable customer base for local service operators, including the existing dental tenant.
Description
The property comprises a mid-terrace, two-storey building with a converted loft, providing a net internal area of approximately 152 sq. M. (1,636 sq. Ft.). The accommodation is arranged to provide a range of clinical surgery rooms, a reception area, W.C. Facilities, and ancillary storage space.
The property is currently let to mydentist on a 15-year lease commencing October 2012, generating a current rental income of £15,000 per annum. This reflects a net initial yield of approximately 6.38%.
Tenant
Whitecross Dental Care Limited (No.00244415)
Lease Terms
15 years from 1st October 2012 to and including 30th September 2027
Rental income
£15,000 per annum
Tenure
Freehold
Price
£235,000
Yield
Gross of 6.38 % on the purchase price
Viewing
Strictly by appointment through this office
EPC Rating
C
Rateable Value
The 2025 Rating List entry is Rateable Value £8,800
Offers over £235,000 Freehold
Ref I359
Location
572 Welbeck Road is situated in the heart of Walker, a well-established suburb around 2 miles east of Newcastle city centre. The property occupies a prominent position on a busy local parade, surrounded by a mix of residential housing and neighbourhood retail. The area benefits from strong footfall, regular bus services, and convenient access to the wider Tyne & Wear transport network. This accessible and densely populated location provides a reliable customer base for local service operators, including the existing dental tenant.
Description
The property comprises a mid-terrace, two-storey building with a converted loft, providing a net internal area of approximately 152 sq. M. (1,636 sq. Ft.). The accommodation is arranged to provide a range of clinical surgery rooms, a reception area, W.C. Facilities, and ancillary storage space.
The property is currently let to mydentist on a 15-year lease commencing October 2012, generating a current rental income of £15,000 per annum. This reflects a net initial yield of approximately 6.38%.
Tenant
Whitecross Dental Care Limited (No.00244415)
Lease Terms
15 years from 1st October 2012 to and including 30th September 2027
Rental income
£15,000 per annum
Tenure
Freehold
Price
£235,000
Yield
Gross of 6.38 % on the purchase price
Viewing
Strictly by appointment through this office
EPC Rating
C
Rateable Value
The 2025 Rating List entry is Rateable Value £8,800
Mortgage calculator
Monthly repayment
£1,175 per month
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