Offers in region of
£550,000
Property for saleAlbion Street, Shaldon, Teignmouth TQ14
Freehold
About this property
General Practice Medical Surgery Investment For Sale (Practice Not Affected)
Freehold Medical Investment - Current Passing Rent: £26,810 Per Annum
Two Storey Detached Surgery with On-Site Parking
Gross Internal Area 194m2 (2,088 sq ft)
Short Lease – No Security of Tenure
Prime South Devon Coastal Village Location
General Practice Medical Surgery Investment For Sale (Practice Not Affected). Freehold Medical Investment - Current Passing Rent: £26,810 Per Annum.
Riverside Surgery occupies a prominent position on Albion Street in the heart of Shaldon, one of South Devon’s most desirable estuary villages. Located on the south bank of the River Teign opposite Teignmouth, Shaldon is a highly sought-after residential and coastal destination with strong property values and limited commercial availability. The property benefits from proximity to village amenities, public transport connections and the wider Teignbridge catchment area.
The property comprises a detached two-storey medical surgery purpose configured for gp practice use. The accommodation provides reception and waiting areas together with consulting rooms, treatment rooms and staff facilities arranged over ground and first floors. Externally the building benefits from dedicated on-site parking, a particularly valuable feature within this central village setting.
The opportunity
The property represents an attractive income-producing freehold investment, currently occupied for established medical use serving a strong local catchment. The short lease profile provides a clear asset management opportunity, with potential for future redevelopment or alternative uses, including possible residential conversion subject to the necessary planning consents. Importantly, the tenant does not benefit from security of tenure, offering flexibility to investors and developers at lease expiry. Situated within one of South Devon’s most desirable coastal villages, the strength of the Shaldon property market provides solid underlying value, supporting the long-term appeal of the asset beyond its existing income stream.
Accommodation
The accommodation is arranged over ground and first floors and is as an operating clinic with Reception & Waiting Room, Consulting & Treatment Rooms, WC’s, Offices, Staff Areas and Storage.
An illustrative floor plan can be viewed overleaf.
Outside
Parking for 4 vehicles.
Tenure & Lease Summary
Tenure:
Freehold subject to occupational lease.
Tenant:
Medical Practice.
Lease Term:
3 years from July 2025 (expiring June 2028).
Current Rent:
£26,810 per annum.
Rent Reviews:
30 June 2026 and annually thereafter.
Repairing Basis:
Tenant responsible for repairs and outgoings.
Security of Tenure:
The lease is contracted outside the provisions of the Landlord & Tenant Act 1954. The tenant therefore has no statutory right to renew the lease at expiry.
Price
Offers in the Region of £550,000.
A purchase at this level reflects an attractive income return together with medium-term asset management and redevelopment potential.
VAT
We are informed that the property is not opted for VAT.
Legal Costs
Each party is to bear their own legal cost incurred in any transaction.
EPC Rating C
Viewing
The property continues to operate as a Medical Practice. Viewing is strictly by prior appointment through the sole agents Bettesworths.
Interested parties are requested to respect the ongoing medical use of the property and not to approach staff or patients directly.
Riverside Surgery occupies a prominent position on Albion Street in the heart of Shaldon, one of South Devon’s most desirable estuary villages. Located on the south bank of the River Teign opposite Teignmouth, Shaldon is a highly sought-after residential and coastal destination with strong property values and limited commercial availability. The property benefits from proximity to village amenities, public transport connections and the wider Teignbridge catchment area.
The property comprises a detached two-storey medical surgery purpose configured for gp practice use. The accommodation provides reception and waiting areas together with consulting rooms, treatment rooms and staff facilities arranged over ground and first floors. Externally the building benefits from dedicated on-site parking, a particularly valuable feature within this central village setting.
The opportunity
The property represents an attractive income-producing freehold investment, currently occupied for established medical use serving a strong local catchment. The short lease profile provides a clear asset management opportunity, with potential for future redevelopment or alternative uses, including possible residential conversion subject to the necessary planning consents. Importantly, the tenant does not benefit from security of tenure, offering flexibility to investors and developers at lease expiry. Situated within one of South Devon’s most desirable coastal villages, the strength of the Shaldon property market provides solid underlying value, supporting the long-term appeal of the asset beyond its existing income stream.
Accommodation
The accommodation is arranged over ground and first floors and is as an operating clinic with Reception & Waiting Room, Consulting & Treatment Rooms, WC’s, Offices, Staff Areas and Storage.
An illustrative floor plan can be viewed overleaf.
Outside
Parking for 4 vehicles.
Tenure & Lease Summary
Tenure:
Freehold subject to occupational lease.
Tenant:
Medical Practice.
Lease Term:
3 years from July 2025 (expiring June 2028).
Current Rent:
£26,810 per annum.
Rent Reviews:
30 June 2026 and annually thereafter.
Repairing Basis:
Tenant responsible for repairs and outgoings.
Security of Tenure:
The lease is contracted outside the provisions of the Landlord & Tenant Act 1954. The tenant therefore has no statutory right to renew the lease at expiry.
Price
Offers in the Region of £550,000.
A purchase at this level reflects an attractive income return together with medium-term asset management and redevelopment potential.
VAT
We are informed that the property is not opted for VAT.
Legal Costs
Each party is to bear their own legal cost incurred in any transaction.
EPC Rating C
Viewing
The property continues to operate as a Medical Practice. Viewing is strictly by prior appointment through the sole agents Bettesworths.
Interested parties are requested to respect the ongoing medical use of the property and not to approach staff or patients directly.
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Monthly repayment
£2,751 per month
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