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    Key features

    • To be offered on Tuesday 27 February
    • High Yielding Dental Practice Investment
    • Let on a 20 Year Lease - Expiring 2030
    • Let to MyDentist (D&B: 4A2)
    • Producing £35,800 per annum
    • 4,166 sq ft (387 sq m)
    • Site Area - 0.27 acres (0.109 hectares)
    • Development/Conversion Potential (stp)
    • Guide Price Reflects 15.91% Gross Yield
    • No VAT

    Description

    The property comprises a high yielding dental practice investment with both asset management and development potential.

    Arranged as three terraced buildings over ground and first floors and set within a large rectangular site, the property is let to Petrie Tucker and Partners Limited, trading as MyDentist and part of the MyDentist Group; Europe's largest dental care provider. The lease is for a term of 20 years, expiring 21/06/2030 and paying a rent of £35,800 per annum.

    The property includes two unused flats and therefore may offer longer term conversion to alternative uses, including residential (subject to existing leases and any requisite consents).

    Additional information

    Tenure

    Freehold

    Tenancy

    The property is let to Petrie Tucker and Partners Limited, trading as MyDentist and part of the MyDentist Group. The lease is for a term of 20 years, expiring 21/06/2030 and paying a rent of £35,800 per annum.

    The lease is on full repairing and insuring terms and includes upward only, open market, rent reviews every five years. There is also a tenants break option in 2025.


    Petrie Tucker and Partners Limited


    Turnover (2023) - £45,429,000

    D&B Rating - 4A2


    Petrie Tucker and Partners Limited is a national operator of Dentist Surgeries trading as MyDentist. The business is part of the wider My Dentist Group which is Europes largest dental care provider and operates over 550 practices.

    Rent

    £35,800 per annum
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      EPC rating

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      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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