Hickman Road, Penarth CF64 House for sale

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Hickman Road, Penarth CF64 House for sale

Hickman Road, Penarth
£499,950

Our Summary

  • An exceptional investment opportunity in the heart of Penarth with this freehold commercial property at Hickman Road

Description

This freehold commercial property at Hickman Road in Penarth offers a secure investment opportunity with a 10-year lease to a well-established dental practice, Xeon Smiles UK Limited, with an annual rent of £20,500 (exclusive of VAT). The property is situated in a prime location, just off the high street, with excellent visibility and accessibility, making it ideal for its permitted use as a dental surgery or other professional services under Class D1. The building is in good repair and includes modern internal fittings suitable for a professional practice, with the tenant responsible for utilities, rates, insurance contributions, and property maintenance, minimizing landlord obligations. This property is perfect for investors seeking a hands-off, income-generating asset with a dependable tenant in a prime location, offering a reliable rental income stream with minimal maintenance responsibilities.