Investment For Sale, Colchester, Essex

The Property Comprises A Modernised Dental Surgery, Which Was The Subject Of An Extensive Internal Refurbishment In Approximately 2018. The Accommodation Is Arranged Entirely At Ground Floor Level And Benefits From A Modern Open-plan Waiting And Reception Area, Together With Eight Individual Dental Surgeries, And A Full Suite Of Supporting Office, Dispensary, Welfare And Support Facilities. <br>
<br>
Externally, The Property Benefits From 40 On-site Car Parking Spaces, And A Site Area Of Circa 0.45 Acre Providing Potential Scope For Further Expansion Of The Practice Buildings, Subject To Obtaining The Necessary Consents.<br>
<br>
Location <br>
The Property Occupies A Prominent Location On The West Side Of The A1232 Ipswich Road, Which Carries High Volumes Of Traffic Into Colchester City Centre. The A12 Trunk Road Is Located Approx. Three-quarters Of A Mile To The North And Colchester City Centre Approx. 1.5 Miles To The South. Adjoining Properties Are Mainly Residential. <br>
<br>
Colchester, Which Was Recently Awarded City Status, Has A Resident Population Of Approximately 200,000 And Benefits From An Extensive Catchment Population Estimated At Circa 350,000-400,000 People.<br>
<br>
Tenancy / Investment Proposal<br>
The Property Is Occupied By Way Of A 10-year Lease, Commenced 24th April 2026, At An Initial Rent Of £75,000 Per Annum, On Full Repairing And Insuring Terms. There Is A Tenant-only Break (6 Month's Notice) Together With An Upward-only Rent Review To Market Value At The End Of Year 5. <br>
<br>
The Tenant Is Highwoods And St. Johns Ltd (co Reg No. 06426980), Registered Office B.u.p.a. Dental Care, Vantage Office Park, Bristol, Bs16 16w. <br>
<br>
The Lease Is Guaranteed By Xeon Smiles Uk Ltd (co Reg No. 00479564) Registered Office B.u.p.a. Dental Care, Vantage Office Park, Bristol, Bs16 1gw.<br>
<br>
Incorporated In 2007, The Tenant Benefits From An Experian Credit Score Of 100/100 (as At 26.08.26) A Steady Turnover Of Circa £2,500,000 Per Annum And A Net Worth Of £2,000,000.<br>
<br>
The Guarantor, Incorporated In 1950, Reported Turnover For Y/e 31.12.25 Of £110 Million. <br>
<br>
Offers Are Invited In Excess Of £1,000,000. (no Vat)<br>
<br>
Business Rates <br>
We Are Advised That The Premises Have A Rateable Value, With Effect From The 1st April 2026 Of £76,000. <br>
Interested Parties Are Advised To Make Their Own Enquiries With The Local Rating <br>
Authority To Confirm Their Liabilities.<br>
<br>
Energy Performance Certificate [epc] <br>
The Epc Graded C (70) Expired On 7th August 2026. A New Epc Has Been Commissioned. <br>
<br>
Vat<br>
We Are Advised That Vat Is Not Applicable. <br>
<br>
Legal Costs<br>
Each Party Will Be Responsible For Their Own Legal Costs. <br>
<br>
Anti-money Laundering Regulations <br>
Anti-money Laundering Regulations Require Fenn Wright To Verify The Identity, Private Residence And Source Of Funds (where Applicable) Of Prospective Purchasers And Tenants Prior To Solicitors Being Instructed. An Administration Fee Is Payable, And Further Details Are Available Upon Request. <br>
<br>
Viewings Strictly By Appointment Via Sole Selling Agents:<br>
Fenn Wright<br>
T: 01206 854545<br>
E: Colchestercommercial@fennwright.co.uk