The property forms a two storey, detached building originally constructed as the towns police station. , We understand that it was converted into a dental surgery in 2010. , The property is leased to Riverdale Tradeco Ltd for 10 years from 20/03/2019 to 19/03/2029 with 3 personal guarantors , The 2025 rent review increased the rent to £19,382.48 pa. , The existing tenant has been in occupation for some considerable time. , The property is available as a commercial investment, subject to the existing lease. , VAT is payable at the prevailing rate. It is hoped that the sale could be completed as a TOGC basis in order to avoid the payment of VAT.
High quality commercial investment in a popular North Yorkshire market town.
Dental Surgery investment currently let until March 2029 at £19,382.48 (exclusive).
The property is located close to Bedale town centre.
The property is available on a freehold basis, subject to the existing tenancy.
We understand that VAT is payable at the prevailing rate.
Location - The property is located on Aiskew Bank. Bedale town centre is a relatively short distance to the west. The property is located close to Bedale Station on the Wensleydale Line.
Bedale has a pleasant town centre and the main car parking areas are a relatively short distance away.
Description - The property forms a two storey, detached building which we understand was constructed in the Victorian era as the towns police station.
We understand that it was converted into a dental surgery in 2010.
There is a small car parking area to the rear of the building.
Accommodation - The property benefits from a waiting room, reception, sterilisation room and 2 x surgeries to the ground floor. To the first floor is a large, open plan reception area, office, X-ray room and 2 x surgeries.
We calculate that the property extends to a net internal area of approximately 144m2 (1,555 sq. ft).
We calculate that the property extends to a gross internal area of approximately 193m2 (2,077 sq. ft).
Services - We believe that all mains services are connected and the property benefits from a gas fired central heating system.
A modern, mains wired fire alarm system is also provided.
Statutory Information - We do not believe that the building is Listed, although we believe that it falls within a Conservation Area.
Planning consent to convert the building into a dental surgery was obtained in 2010.
The property appears to have a valid EPC with a rating of a D. A copy of this can be provided by the agent.
The property has a rateable value of £10,750. We assume that the tenant is responsible for the payment of business rates under the terms of their commercial lease.
Tenure - We assume that the property is held on a freehold basis.
Access appears to be via a private road which extends to the western side of the property. We believe that this is shared by a number of nearby properties. We assume full rights of way and an obligation to contribute to the roads upkeep.
Tenancy - The property is leased to Riverdale Tradeco Ltd for 10 years from 20/03/2019 to 19/03/2029 (around 4 years unexpired) on effective full repairing and insuring terms. The 2025 rent review increased the rent to £19,382.48 pa (plus VAT). There are 3 personal guarantors. There is also a licence for alterations/works dated 01/12/2010. We believe that the tenants have been in occupation for around 15 years.
Copies of all legal documents can be made available to seriously interested parties.
Terms / Price - The property is available to purchase on a freehold basis, subject to the existing tenancy.
The guide price is £249,950 plus VAT. It is hoped that the sale could be completed as a TOGC to avoid the payment of VAT.
Viewings / Further Information - Please contact James Reynolds.
Please note that viewings will be out-of-hours or on a weekend so as not to disturb the tenant's business.
All views to be made through Stephensons.
Vat - We believe that VAT will be charged at the prevailing rate.
It is hoped that the sale could be completed as a TOGC to avoid the payment of VAT.
