4/24/2018 | Dental Practices

Havelock Dental Practice sold through Christie & Co

Specialist business property adviser, Christie & Co has completed on the sale of Havelock Dental Practice, an owner operated NHS dental practice in the seaside town of Whitby in North Yorkshire. Previously operating under an expense sharing partnership/agreement, the existing partners will remain at the practice under the new ownership.

The mid-terraced building occupies a prominent corner position in the town centre. First established over 100 years ago, Havelock includes five fully equipped surgeries, reception and waiting areas spread across four levels with a courtyard to the rear. Additionally, the property boasts a number of storage rooms suitable for adding further surgery space.

Previous owner and Secretary of the North Yorkshire Local Dental Committee, Mark Green had owned the business since 2001 before deciding to sell. Too young to retire Mark and his partners will remain working at the practice post sale. Dr Green comments; “The sale of a dental practice can be a complex matter, Paul’s ability to get to the nub of the transaction, driving the sale through solicitors when things become sticky, together with his personable approach, clearly shows his understanding of the market. I would have no hesitation in recommending Paul to assist any dentist looking to sell their practice as he gives professional, pragmatic advice and is there when you need him.”

Paul Graham, Director at Christie & Co handled the sale and comments; “After approaching Christie & Co to market the practice, we put together a bespoke marketing plan and interest was generated from a number of purchasers, ranging from first time buyers to experienced regional operators. As a result of our marketing campaign a buyer was found and in the end, it was a pleasure to have all parties working cohesively towards a successful completion. The number of interested parties and offer level received is yet further evidence of the buyer appetite for ideally located and well-established dental practices across the North East of England.”

Havelock Dental Practice was sold off a guide price of OIEO £1.3m, plus the freehold interest.