Guide price
£675,000
(£334.66/sq. ft)
Property for sale18, Institute Road, Marlow, Buckinghamshire SL7
2,017 sq. ft
Available immediately
Leasehold
About this property
Modern Build
High Quality Dental Practice Tenant
3 Parking Spaces
Walking Distance Of High Street
Rent Growth Potential
Location
The property is located in the town centre of Marlow, within walking distance of the Train Station, High Street and Higginson Park. The town centre has multiple national and independent restaurants, and retailers.
Marlow offers a unique lifestyle choice to businesses, that are located there.
Description
The property is located in close proximity to the town centre, next to the pay & display car park. The property is modern in appearance and benefits from 3 allocated car parking spaces to the front. To the first floor there are two flats, which are not included within the sale and are the owners of the freehold.
Internally the property is fitted as a high quality dental practice, the finish and presentation look exceptionally good.
Tenure Comments
The longlease of this investment opportunity is offered for sale, expiring 28th September 3006, (approx 980 years unexpired), paying a peppercorn ground rent.
There is an underletting to a dental practice, paying an annual rental of £25,000 per annum exclusive, on a 5 year lease expiry 11th September 2029. The terms of the tenants lease are unaffected by the sale of the investment.
Note: It is believed that the the passing rent on the underlease is below market rent.
There is a service charge payable by the sub-tenant for the maintenance of the grounds which typically is in the region of £250 - £300 per annum.
Legal Costs
Each party to bear their own professional and legal costs incurred throughout the legal process.
VAT
The property in not elected to pay VAT
Energy Performance Rating
C 69
Modern Build
High Quality Dental Practice Tenant
3 Parking Spaces
Walking Distance Of High Street
Rent Growth Potential
The property is located in the town centre of Marlow, within walking distance of the Train Station, High Street and Higginson Park. The town centre has multiple national and independent restaurants, and retailers.
Marlow offers a unique lifestyle choice to businesses, that are located there.
Description
The property is located in close proximity to the town centre, next to the pay & display car park. The property is modern in appearance and benefits from 3 allocated car parking spaces to the front. To the first floor there are two flats, which are not included within the sale and are the owners of the freehold.
Internally the property is fitted as a high quality dental practice, the finish and presentation look exceptionally good.
Tenure Comments
The longlease of this investment opportunity is offered for sale, expiring 28th September 3006, (approx 980 years unexpired), paying a peppercorn ground rent.
There is an underletting to a dental practice, paying an annual rental of £25,000 per annum exclusive, on a 5 year lease expiry 11th September 2029. The terms of the tenants lease are unaffected by the sale of the investment.
Note: It is believed that the the passing rent on the underlease is below market rent.
There is a service charge payable by the sub-tenant for the maintenance of the grounds which typically is in the region of £250 - £300 per annum.
Legal Costs
Each party to bear their own professional and legal costs incurred throughout the legal process.
VAT
The property in not elected to pay VAT
Energy Performance Rating
C 69
Modern Build
High Quality Dental Practice Tenant
3 Parking Spaces
Walking Distance Of High Street
Rent Growth Potential
Mortgage calculator
Monthly repayment
£3,376 per month
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