4 - 5 MARKET PLACE BEXLEYHEATH

LONDON

DA6 7DU

FREEHOLD DENTIST INVESTMENT

WITH FIXED UPLIFT FOR SALE

- Bexleyheath is a London suburb located just 12 miles

south-east of Central London.

- Major commuter hub that is served by Bexleyheath’s railway

station and is to be strengthened by the opening of Crossrail

at nearby Abbey Wood.

- Affl uent catchment of over 200,000 within a

10-minute drivetime.

- The subject property comprises a prime town

centre healthcare investment, opposite the Broadway

Shopping Centre.

- Well confi gured unit comprising of approximately 3,343 sq ft

- 9.2 years of secure rental income from Dentix UK Ltd,

benefi tting from an attractive rental uplift on the fi fth

year of the term.

- Initial rent of £130,500 per annum, rising to £146,500 per

annum in 2023.

- Planning permission to develop two residential apartments.

- Freehold

- Offers are sought in excess of £2,050,000 (Two Million, Fifty

Thousand Pounds) subject to contract and exclusive of VAT.

A purchase at this level would refl ect an attractive Net Initial

Yield of 6.00% and a Reversionary Yield of 6.72% (2023),

assuming purchaser’s costs of 6.29%.

Investment summary

M1

M40

M4

M3

M23

M25M20

M26

M20

M11

M10

A1

A110

A10

A12

A127

A414

A13

A12

A13

A2

A20

A23

A3

A3

A316

A40

A406

A2 05Heathrow

LondonCity Airport

LONDON

CITY OFLONDON

Watford

Borehamwood

Staines

Richmond

WeybridgeEpsom

Bromley

Bexleyheath

Gravesend

Grain

Basildon

Tilbury

Chatham

Epping

Enfield

Biggin Hill

SevenoaksLeatherhead

Guildford Redhill

Gatwick Airport

Rickmansworth

ROAD

Bexleyheath is located on the A2, approximately 5 miles

from Junction 2 of the M25, with an approximate drivetime

of 20 minutes. The A202 also links with the Blackwall Tunnel

11 miles to the west of Bexleyheath, offering direct access to

Canary Wharf.

RAIL

Bexleyheath railway station offers regular direct rail

services to London Victoria, Charing Cross, Cannon Street

and London Bridge with an average journey time of 35

minutes. The fastest journey time is to London Bridge

in 28 minutes. Bexleyheath station is approximately 15

minutes’ walk from the town centre. Crossrail will connect

the Borough of Bexley via a new station at Abbey Wood

located 3 miles (5 km) to the north, providing access to

London’s West End in 20 minutes.

BUS

Bexleyheath benefi ts from a signifi cant number of regular bus routes linking the town to

London and the surrounding areas including Greenwich, Woolwich, Thamesmead, Lewisham,

Sidcup and Dartford. Bexleyheath Bus station is conveniently located directly behind the

property on Arnsberg Way.

AIR

London City Airport is located 10 miles (16 km) north-west of Bexleyheath. Gatwick Airport is

located 33 miles (53 km) south-west of the town. These airports provide a variety of domestic

and international fl ights, with City Airport serving 45 European destinations and Gatwick

airport serving over 33 million passengers to approximately 200 destinations in 90 countries.

Location

Bexleyheath railway station offers regular direct rail services

to London Victoria, Charing Cross, Cannon Street and London

Bridge with an average journey time of 35 minutes. The fastest

journey time is to London Bridge in 28 minutes. Bexleyheath

station is approximately 15 minutes walk from the town centre.

Crossrail will connect the Borough of Bexley via a new station at

Abbey Wood located 3 miles (5 km) to the north, providing access

to London’s West End in 20 minutes.

PO

WC

BROADWAYTHEJ EWELLERS

HOLLAND&BARRETT

JENNINGSBET

BEXLEYFOOD&DRINKS

PANDORA

JD

POUNDLAND

LINKLATERSOPTOMETRISTS

THE ENTERTAINER

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GALLERYGIFTS

ANN SUMMERS

GERRY`SATHOME

CEXENTERTAINMENT

EXCHANGE

MOTHERCARE

KRISPY KREME

COSTA

THE FUDGERY

YOURMOVE

BROADWAY

NEWS

ASMOBILES

LOVECOFFEE

DISCOUNT

SECONDHAND

JEWELLERY

SKY

RI VERISLAND

MORLEYS

MONSOON

BURGERKING

GAME

YORKSHIRE

BUILDINGSOCIETY

SUBWAY

4EVERY1

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NO1CURRENCYEXCHANGE

FOOTASYLUM

PEACOCKSVIP

WHSMITH

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THE FURZE WREN

SELECT

WARREN

JAMES

CLINTONS

BOOTS

THREE.

THOMAS COOK

ICELAND

SMIGGLE

TXPHONESHOP

VISION EXPRESS

GREGGS

BLACKWELLJEWELLERS

FLUTTERBYES

NATWEST

BOOTS

CLAIRE`S

EMMA` S

CLARKS

ROBERTDYAS

SCHUH

SALON108

CARDFACTORY

SUPERDRUG

VODAFONE

TOP GIFT

THEWORKS

MR PRETZELS

CARPETS&FLOORS

GOLDEN CREPES

ERNESTJONES

CAFEETPATISSI ERPARFAIT

O2

TUI

CASHEXCHANGE

SOFA CLUB

SBLENDED

SPECSAVERS

TOMBELLSFISH&CHIPS

HSAMUEL

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MOBI LEPHONES

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THEBODYSHOP

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ANNIE`SNAILS

EETHECARPHONEWAREHOUSE

EARLYLEARNING

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MARKS & SPENCEROROTHYPERKINS

STORE

HEALTHFOOD

BETTINGOFFICE

CONVENIENCESTORE

JEWELLER

SPORTSGOODS

DISCOUNTSTORE

VACANT

TOYS & GAMES

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LINGERIE

HOUSEHOLDTEXTILES

COMPUTERGAMES

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T/A

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VACANTPUBLICHOUSE

SATELLITE & CABLE TV

LADIES&MENSWEAR

DEPARTMENT STORE

LADIESWEAR

F/FDREST

COMPUTERGAMES

FURNITURE

SANDWICHBAR

L ACCESS

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BUREAUDECHANGE

SHOES

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PUBLIC HOUSE

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CARDS&GIFTS

OPTICIAN

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TELEPHONES

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HEALTH&BEAUTY

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SHOESHEALTH&BEAUTY

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TRAVEL

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MENSWEAR

LADIESWEAR

104A

36

15A

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109

9

69

65

120

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29

79

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100A

96

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75

10 - 15

34

16

67

76

28

61 - 62

100 - 102

2

104

58

4 - 5

42 - 43

19

60

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71

112

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55

93 - 95

37

70 - 71

69A

72-73

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98

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116

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(2RETAILFLOORS)

(2 RETAIL FLOORS)

SERVICE AREA

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LIFT

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( 2RETAILFLOORS)

ENTRANCE

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THEJ EWELLERS

LINKLATERSOPTOMETRISTS

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SECONDHANDD

JEWELLERYY

BURGERKING

YORKSHIRE

BUILDINGSOCIETY

SUBWAY

NEWLOOK

WARRENN

JAMESS

ICELAND

TXPHONESHOP

GREGGSS

BLACKWELLJEWELLERS

NATWEST

ROBERTDYAS

SALON108

CARPETS&FLOORS

GOLD

TUI

CASHEXCHANGE

SPECSAVERS

STEADS

ANNIE`SNAILS

HOUSEH

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TELEPHONES

F/FDREST

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104A

110099

120

100A

16

100 - 102

104

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9933 - 995

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116

110077

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THE MA

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ENTRANCE

ENT

Situation

The property is situated in a

prime position on Market Place,

which is at the eastern end of the

pedestrianised Broadway.

The subject premises is

prominently located to the

northern side of the Broadway

being directly opposite the

entrance to the Broadway Centre

and nearby a variety of known

national operators.

Description

The property comprises a ground fl oor unit with residential fl ats, which have

been sold off on long leases, at fi rst and second fl oors. To the rear of the

property there is a service yard

Planning

The property benefi ts from dual D1 (Medical) and A1 (Retail) use on the ground

fl oor unit, with the upper fl oors comprising C3 (Residential) apartments.

Planning permission to develop two residential apartments.

Dimensions Distance (m)

Gross Frontage 13.7m

Net Frontage 10.1m

Return Frontage 8.3

Built Depth 29.1

Floor Area (sq ft)

Ground Floor 3,343

Accommodation We have been informed by our clients that the property comprises the

following areas:-

There are residential fl ats

situated at fi rst and second

fl oors, accessed from a

self contained entrance off

Friswell Place.

Tenure

Tenancy

Freehold

The ground fl oor is let to Dentix UK Ltd on a 10 year effectively Full Repairing

and Insuring lease from 3rd August 2018 at a current rent of £130,500 per annum

exclusive. The property is subject to a fi xed rent increase to £146,500 per annum in

August 2023.

The fl ats at fi rst and second fl oors are let separately on 999 year effective Full

Repairing and Insuring leases at a peppercorn.

Covenant Information

– Dentix UK Ltd

Dentix is a Spanish dental services company, founded in 2010. Started

as a family business, the operation has now grown to approximately 287

clinics worldwide, employing around 5,700 people.

Aside from its primary operation in Spain, Dentix operates in Colombia,

Mexico, Italy, Chile and more recently the United Kingdom, with plans to

open approximately 20 new dental units in the UK by 2020.

www.dentix.com

Service Charge

Further information is available upon request.

VAT

We understand that the property is not elected for VAT.

EPC

The Dentix Unit has an EPC Rating of C 63. A copy of the EPC is available

upon request.

Proposal

Offers in excess of £2,050,000 (Two Million and Fifty Thousand Pounds) are

sought for the freehold interest. A purchase at this level would refl ect an

attractive Net Initial Yield of 6.00% and a Reversionary Yield of 6.72% (2023),

assuming purchaser’s costs of 6.29%.

Contact

Patrick Church

Tel: 020 3946 3551

Email: p.church@kinneygreen.com

James Hogg

Tel: 020 3946 3553

Email: j.hogg@kinneygreen.com

Kinney Green

82 Park Street

London

W1K 6NH

Tel: 020 7495 1222

www.kinneygreen.com

Subject to Contract: Kinney Green LLP for themselves and as agents for the vendor or lessor (as appropriate)

gives notice that: 1. These particulars are only a general outline for the guidance of intending purchasers

or lessees and do not constitute in whole or in part an offer or a Contract. 2. Reasonable endeavours have

been made to ensure that the information given in these particulars is materially correct but any intending

purchaser or lessee should satisfy themself by inspection, searches, enquiries and survey as to the correctness

of each statement. 3. All statements in these particulars are made without responsibility on the part of Kinney

Green LLP or the vendor or lessor. 4. No statement in these particulars is to be relied upon as a statement

or representation of fact. 5. Neither Kinney Green LLP nor anyone in their employment or acting on their

behalf has authority to make any representation or warranty in relation to this property. 6. Nothing in these

particulars shall be deemed to be a statement that the property is in good repair or condition or otherwise

nor that any services or facilities are in goodworking order. 7. Photographs may show only certain parts

and aspects of the property at the time when the photographs were taken and you should rely upon actual

inspection. 8. No assumption should be made in respect of parts of the property not shown in photographs.

9. Any areas, measurements or distances are only approximate. 10. Any reference to alterations or use is not

intended to be a statement that any necessary planning, building regulation, listed building or any other

consent has been obtained. 11. Amounts quoted are exclusive of VAT if applicable. June 2019.

SUBJECT TO CONTRACT

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