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18 Institute Rd 2,017 sq ft Retail Property Marlow SL7 1BN £675,000 (£334.66/sq ft)
Investment Highlights
- High Quality Dental Practice Tenant
- Rent Growth Potential
- Walking Distance of High Street
Executive Summary
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.
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.
Offers are sought in the region of £675,000
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.
Offers are sought in the region of £675,000
Property Facts
Sale Type
Investment
Property Type
Retail
Tenure
Long Leasehold
Property Subtype
Pharmacy
Property Size
2,017 sq ft
Costar Property Class
B
Year Built
1960
Price
£675,000
Price per sq ft
£334.66
Tenancy
Single
Number of Floors
1
Plot ratio
0.35
Total Plot Size
0.13 ac
1 1
Nearby Major Retailers
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18 Institute Rd
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