£325,000
Property for saleTownstal Road, Dartmouth TQ6
Just added
Freehold
About this property
Mixed-Use Investment Comprising Dental Surgery & 2-Bedroom Flat
Established Dental Practice Let at £15,495 Per Annum from January 2020
Self-Contained First Floor Flat Let at £6,600 Per Annum (£550 pcm)
Potential Asset Management Opportunity with Under Rented Elements
Garage Allocated to the Residential Flat and Off-Road Parking
Mixed-Use Investment Comprising Dental Surgery & 2 Bedroom Flat. Potential Asset Management Opportunity with Under Rented Elements.
The property is situated on Collingwood Road in Dartmouth, a popular residential area positioned within easy reach of Dartmouth town centre and the surrounding South Hams coastline. Dartmouth is a highly regarded coastal town known for its tourism, sailing community and affluent residential catchment. Collingwood Road is a well-established mixed residential and commercial location, making the property particularly suitable for healthcare operators and residential tenants alike. The property benefits from convenient road access to local amenities, schools and public transport links, while Dartmouth town centre and the waterfront are only a short distance away.
The property comprises a mixed-use investment arranged as dental surgery on the ground and part first floor and a separate self-contained first floor flat. The dental practice is a well fitted, modern surgery with reception facilities, treatment rooms, staff accommodation and ancillary storage areas, benefitting from gas central heating together with separate electric and water supplies. The dental surgery is let on a 15-year lease from 14th January 2020 at a passing rent of £15,495 per annum.
The first floor flat is independently accessed via an external staircase to the side elevation and is arranged as a spacious two-bedroom apartment presented in good condition throughout. A single garage positioned beneath the flat is allocated to the residential tenancy. Externally the property benefits from off-road parking to the front together with circulation space and access to the garage.
The overall property presents a strong mixed-use investment opportunity with long-established occupiers and separate utility supplies to each demise.
Dental Practice
Ground Floor
Arranged as a conservatory entrance hall, into reception, waiting room, two surgeries, decon room, store and WCs.
First Floor
Arranged as a hallway with doors to, two surgeries, kitchen, office, store and WC.
External
Two parking spaces are assigned to the commercial lease.
First Floor Flat
Accessed independently via an external staircase and arranged as:-
Living Room (17' 11'' x 14' 9'' (5.46m x 4.49m))
Kitchen (9' 10'' x 10' 0'' (3.00m x 3.04m))
Bedroom (11' 4'' x 9' 10'' (3.46m x 3.00m))
Bedroom (9' 9'' x 16' 10'' (2.98m x 5.12m))
Bathroom/WC (7' 9'' x 6' 8'' (2.37m x 2.03m))
The flat also benefits from a single garage located beneath the residential accommodation.
Tenure
The property is understood to be held freehold subject to the existing occupational tenancies.
The dental practice is let to Portman Healthcare Limited on a 15-year lease from 14th January 2020 at a current passing rent of £15,495 per annum. The lease provides for upward only rent reviews in 2025 and 2030 to open market rental value, together with tenant break options in both 2025 and 2030. The tenant contributes towards a service charge, capped at £227 per month inclusive of VAT.
The first floor flat is let on an Assured Shorthold Tenancy from 15th June 2016 at a rent of £550 per calendar month and is currently holding over on a six-month AST.
EPC Ratings
3 Collingwood Road (Dental Practice) – D.
4 Collingwood Road (Flat) – E.
Business Rates
Rateable Value: £18,250. Interested parties are advised to make their own enquiries with the Local Billing Authority.
Council Tax Band A
Legal Costs
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
The property is situated on Collingwood Road in Dartmouth, a popular residential area positioned within easy reach of Dartmouth town centre and the surrounding South Hams coastline. Dartmouth is a highly regarded coastal town known for its tourism, sailing community and affluent residential catchment. Collingwood Road is a well-established mixed residential and commercial location, making the property particularly suitable for healthcare operators and residential tenants alike. The property benefits from convenient road access to local amenities, schools and public transport links, while Dartmouth town centre and the waterfront are only a short distance away.
The property comprises a mixed-use investment arranged as dental surgery on the ground and part first floor and a separate self-contained first floor flat. The dental practice is a well fitted, modern surgery with reception facilities, treatment rooms, staff accommodation and ancillary storage areas, benefitting from gas central heating together with separate electric and water supplies. The dental surgery is let on a 15-year lease from 14th January 2020 at a passing rent of £15,495 per annum.
The first floor flat is independently accessed via an external staircase to the side elevation and is arranged as a spacious two-bedroom apartment presented in good condition throughout. A single garage positioned beneath the flat is allocated to the residential tenancy. Externally the property benefits from off-road parking to the front together with circulation space and access to the garage.
The overall property presents a strong mixed-use investment opportunity with long-established occupiers and separate utility supplies to each demise.
Dental Practice
Ground Floor
Arranged as a conservatory entrance hall, into reception, waiting room, two surgeries, decon room, store and WCs.
First Floor
Arranged as a hallway with doors to, two surgeries, kitchen, office, store and WC.
External
Two parking spaces are assigned to the commercial lease.
First Floor Flat
Accessed independently via an external staircase and arranged as:-
Living Room (17' 11'' x 14' 9'' (5.46m x 4.49m))
Kitchen (9' 10'' x 10' 0'' (3.00m x 3.04m))
Bedroom (11' 4'' x 9' 10'' (3.46m x 3.00m))
Bedroom (9' 9'' x 16' 10'' (2.98m x 5.12m))
Bathroom/WC (7' 9'' x 6' 8'' (2.37m x 2.03m))
The flat also benefits from a single garage located beneath the residential accommodation.
Tenure
The property is understood to be held freehold subject to the existing occupational tenancies.
The dental practice is let to Portman Healthcare Limited on a 15-year lease from 14th January 2020 at a current passing rent of £15,495 per annum. The lease provides for upward only rent reviews in 2025 and 2030 to open market rental value, together with tenant break options in both 2025 and 2030. The tenant contributes towards a service charge, capped at £227 per month inclusive of VAT.
The first floor flat is let on an Assured Shorthold Tenancy from 15th June 2016 at a rent of £550 per calendar month and is currently holding over on a six-month AST.
EPC Ratings
3 Collingwood Road (Dental Practice) – D.
4 Collingwood Road (Flat) – E.
Business Rates
Rateable Value: £18,250. Interested parties are advised to make their own enquiries with the Local Billing Authority.
Council Tax Band A
Legal Costs
Each party will be responsible for their own legal costs unless expressly agreed otherwise.
Viewing
Viewing is highly recommended and can be arranged by prior appointment with the Agents, Bettesworths.
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£1,625 per month
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