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.

- Affluent 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 configured unit comprising of approximately 3,343 sq ft

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

benefitting from an attractive rental uplift on the fifth

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 reflect 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

A24 A22

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

M2

BUS

Bexleyheath benefits from a significant 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 flights, with City Airport serving 45 European destinations and Gatwick

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

Location

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.

PO

WC

BROADWAYTHEJ EWELLERS

HOLLAND&BARRETT

JENNINGSBET

BEXLEYFOOD&DRINKS

PANDORA

JD

POUNDLAND

LINKLATERSOPTOMETRISTS

THE ENTERTAINER

THEPERFUMESHOP

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

ACCESSORIZE

NO1CURRENCYEXCHANGE

FOOTASYLUM

PEACOCKSVIP

WHSMITH

NEWLOOK

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

CARDMARKET

POSTOFFI CE

MOBI LEPHONES

EMMA`S

SABI NA

SAFIAS BARBERS

MOBILELAPTOPREPAIRSHOP

DEICHMANN

THEBODYSHOP

THE

FRAGRANCESHOP

STEADS

ANNIE`SNAILS

EETHECARPHONEWAREHOUSE

EARLYLEARNING

CENTRE

BURTON

MARKS & SPENCEROROTHYPERKINS

STORE

HEALTHFOOD

BETTINGOFFICE

CONVENIENCESTORE

JEWELLER

SPORTSGOODS

DISCOUNTSTORE

VACANT

TOYS & GAMES

HEALTH&BEAUTY

LINGERIE

HOUSEHOLDTEXTILES

COMPUTERGAMES

CHILDRENSWEAR&

NURSERYGOODS

T/A

CEOFWORSHI P

TEL

COFFEE SHOP

CONF & BIS

ESTATEAGENT

CTN

TELEPHONES

COFFEESHOP

VACANTPUBLICHOUSE

SATELLITE & CABLE TV

LADIES&MENSWEAR

DEPARTMENT STORE

LADIESWEAR

F/FDREST

COMPUTERGAMES

FURNITURE

SANDWICHBAR

L ACCESS

LADIESACCESSORIES

BUREAUDECHANGE

SHOES

CLOTHINGTOB

NEWSAGENT&BOOKS

LADIES&MENSWEAR

PUBLIC HOUSE

LADIESWEAR

JEWELLER

CARDS&GIFTS

OPTICIAN

TELEPHONES

TRAVEL AGENT

FROZENFOOD

STATIONER

TELEPHONES

OPTICIAN

BAKER

BEAUSAL

GIFTS

BANK

CHEMIST

LADI ESACCESSORIES

BEAUTYSALON

SHOES

VARI ETYSTORE

SHOES

HAIRDRESSING

CARDS&GIFTS

TELEPHONES

HEALTH&BEAUTY

TELEPHONES

VACANT

BOOKS

T/A

BEAUTYSALON

T/A

JEWELLER

TELEPHONES

TELEPHONES

TRAVELAGENT

SECONDHANDGOODS

I/CREAMPARL

OPTICIAN

TOYS&

GAMES

JEWELLER

CARDS

TELEPHONES

HEALTH&BEAUTY

ICE

SHOESHEALTH&BEAUTY

HEALTH&BEAUTY

TRAVEL

GOODS

V

MENSWEAR

LADIESWEAR

104A

36

15A

3

109

9

69

65

120

3

29

79

1

100A

96

77

75

10 - 15

34

16

67

76

28

61 - 62

100 - 102

2

104

58

4 - 5

42 - 43

19

60

5

71

112

1

110

55

93 - 95

37

70 - 71

69A

72-73

16 - 17

98

89 - 91

97 - 105

116

66

107

44 - 45

25

41

6

114

26

118

5

111

106

87

1

31

38

27

39 - 40

116

69

108

3564 - 65

68

85

96

98A

110

2

6

30

96A

67

113

47

46

THE MALL

AD

FRI SWELLPLACE

NORWICHPLACE

MARKET PLA

CE

WOOLWICHROAD

GEDDESPLACE

&

CLOCK TOWER

BROADWAY SHOPPING CENTRE

&

YARD

&

&

&

(2RETAILFLOORS)

(2 RETAIL FLOORS)

SERVICE AREA

&

&

( 2RETAILFLOORS)

LIFT

CENTRAL SQUARE

( 2RETAILFLOORS)

ENTRANCE

ENTRANCE

ENT

ENTRANCEENTRANCE

J D WETHERSPOON

Entrance

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 floor unit with residential flats, which have

been sold off on long leases, at first and second floors. To the rear of the

property there is a service yard.

Planning

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

floor unit, with the upper floors 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 flats

situated at first and second

floors, accessed from a

self contained entrance off

Friswell Place.

Tenure

Tenancy

Freehold

The ground floor 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 fixed rent increase to £146,500 per annum in

August 2023.

The flats at first and second floors 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 reflect 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. January 2020.

SUBJECT TO CONTRACT

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