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Medical & Dental Clinic In Albufeira Portugal Health Care For Sale (Albufeira, Faro, Egypt) Asking Price:£233477

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Medical & Dental Clinic In Albufeira Portugal Health Care For Sale


Revenue £Not Applicable, Net Profit £Not Applicable, Established 5 years

Commercial Clinic For Sale in Albufeira 296,000 Euro / £240.000 
 
Description 
 
Sale of Commercial Premises in Albufeira, Algarve – adjacent to a shopping centre - a sound business opportunity.Situated in a prime and active area close to the centre of Albufeira, benefiting from the high footfall of the adjacent shopping centre, Modelo supermarket and a variety of boutique shops. This commercial building has been totally refurbished and is offered for sale at a very realistic price.The current tenant operates a medical clinic, and specifically a thriving dental practice, all appropriate licenses have been granted . Any new owner is able to terminate the current contract with the tenant, or continue with the current rental agreement. If the new owner is a medical practitioner, 4 of the 11 rooms can be made immediately available for their activity, subject to registering the specific practice license and renegotiating terms with the current tenant. If the new owner wishes to terminate or renegotiate terms with the current tenant there is a 90 day period of notice required.The custom-built clinic offers an exceptional opportunity for an investor looking for a longer-term, secure return. This investment will provide an income stream from the existing tenancy.The growth in the real estate market is static and this property is offered at a price that reflects the downturn in recent price levels. However in the longer term the increased value of this substantial asset is certain. At almost 237 m2 a totally freehold property, fully licensed is an attractive proposition for investors. 
 
The premises has 11 fitted out treatment rooms, a reception area with disabled access ramp, 4 toilets including a disabled toilet facility.There is an additional outside patio and a storage facility with easy access and ample parking space.There are additional fixtures and fittings valued in excess of €21,000 which can be negotiated in addition to the price. The property was valued at €425,000 in 2010 
 
» Low entry price 
» Good income from tenants 
» Prime site opposite shopping 
» Refurbished and custom built 
» Existing tenants 
» Facilities for disabled 
» Fully licensed 
» Fully compliant 
» In booming Albufeira 
» Plenty of parking 
 
Condominium Fee 1350,00 euro Per Year 
 
IMI Tax Council Tax 1266,00 euro Per Year

Business Information

Number of Staff

Ownership

Yes

Any Expansion potential

Huge

Reasons for selling

Owner Of Clinic Building Lives In Asia and concentrates on other business interests in the Asian market. Current tenant who is a dentist retires in 5 years and dosnt want to purchase property.

Any Inventory / Stock value

Yes

Is this a home-based business

Yes

Property

Yes

Telephone

Business Location details

Albufeira, Faro

Competition / Market

Other Clinic

Trading hours

09,00 to 18,00

Any Support & training

Yes whenever

Any Furniture / Fixtures

€20,000

Any Living Accommodation

Yes

Can this business be relocated?

Yes

Is this business part of a franchise?

Yes