‘A high yielding medical investment’ – a prime West End property, currently occupied by a state-of-the-art dental practice, is now on the market.
Agents have been instructed to market the long leasehold interest of 74-78 Seymour Place in Marylebone, occupied by Happy Kids Dental.
The property occupies a highly prominent position on Seymour Place, benefitting from a 20 metre ground floor frontage. Seymour Place is a short walk from Harley Street, whilst benefitting from markedly lower occupational costs.
The property comprises 4,369 sq ft of well configured space, arranged across ground and basement floors.
The accommodation has been fitted to an exceptionally high standard to a state-of-the-art dental practice, following significant investment by the tenant.
Happy Kids Dental agreed a new 20-year lease from April 2017, with inflation linked rent reviews.
Agents ADS Real Estate Advisors and Philips Lockhart Starr have been instructed to dispose of the long leasehold interest, guiding offers in excess of £3 million.
Anthony Sidoli of ADS Real Estate Advisors said: ‘The opportunity provides an investor an attractive yield of 7.05%, rising to over 8.00% based on our forecasts, for a prime West End asset.
‘The investment is underpinned by a well established tenant and a strong underlying occupational medical market. The property could equally attract interest from investors who would also consider occupying the unit in the future, for their own dental or medical practice.’
Mark Bruce-Lockhart of Philips Lockhart Starr further added: ‘This property represents a rare opportunity for a buyer to acquire a high yielding medical investment situated in the heart of London’s West End medical quarter with potential to add further value in the future.’
The Happy Kids Dental business is unaffected by the sale.
For further information, please visit www.adsre.co.uk/disposals/seymour-place-marylebone.
Or contact the landlord agents:
ADS Real Estate Advisors
Anthony Sidoli
ADS Real Estate Advisors
Joe Baio
Or
Philips Lockhart Starr
Mark Bruce-Lockhart
Philips Lockhart Starr
Daniel Richards
