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Priory Gdns - Priory Gardens Surgery 13,513 sq ft Health Care Building Offered at £4,700,000 at a 6.50% Net Initial Yield in Dunstable LU6 3SU
Investment Highlights
- Prime Dunstable town centre location beside Priory Gardens
- Strong transport links to Luton and Bedfordshire
- Close to shops, healthcare and Luton & Dunstable Hospital
Executive Summary
Garden House is a newly completed, purpose-built supported living investment comprising 18 self-contained one-bedroom apartments arranged within a comprehensively redeveloped former health centre. The freehold property extends to 13,712 sq ft (GIA) on a 0.85-acre site and has been designed to modern supported housing standards, incorporating extensive communal areas, staff offices and welfare facilities.
The scheme is let on a new 21-year FRI lease to Inclusion Housing CIC, a national Registered Provider, with income supported by long-term Local Authority nominations and void agreements, providing strong, defensive income security. The asset produces a passing rent of £305,336 per annum, subject to annual CPI-linked reviews, and represents a high-quality, ESG-aligned residential investment secured by public sector support.
The scheme is let on a new 21-year FRI lease to Inclusion Housing CIC, a national Registered Provider, with income supported by long-term Local Authority nominations and void agreements, providing strong, defensive income security. The asset produces a passing rent of £305,336 per annum, subject to annual CPI-linked reviews, and represents a high-quality, ESG-aligned residential investment secured by public sector support.
Property Facts
| Price | £4,700,000 | Property Subtype | Extra Care Housing |
| Price Per Bed | £261,111 | Total Plot Size | 0.58 ac |
| Sale Type | Investment | Property Size | 13,513 sq ft |
| Yield | 6.50% | No. Beds | 18 |
| Tenure | Freehold | No. Floors | 2 |
| Property Type | Health Care | Year Built | 1960 |
| Price | £4,700,000 |
| Price Per Bed | £261,111 |
| Sale Type | Investment |
| Yield | 6.50% |
| Tenure | Freehold |
| Property Type | Health Care |
| Property Subtype | Extra Care Housing |
| Total Plot Size | 0.58 ac |
| Property Size | 13,513 sq ft |
| No. Beds | 18 |
| No. Floors | 2 |
| Year Built | 1960 |
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Priory Gdns - Priory Gardens Surgery
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