North Yorkshire dental practice sold to first-time buyer
Specialist business property adviser, Christie & Co, is delighted to announce the sale of Skelton Dental Practice in Skelton-in-Cleveland, North Yorkshire.
Skelton Dental Practice is a well-established NHS practice that occupies the ground and first floor level of an end terraced property, with a visible position on the High Street in the small town of Skelton-in-Cleveland.
The town, situated 10 miles east of Middlesbrough, has approximately 8,000 residents, a figure that has grown considerably in recent years due in part to new residential developments in the town. The area also boasts some of the North’s top beauty spots, including the North York Moors National Park and the North Yorkshire and Cleveland Heritage Coast.
The Practice has been owned and run by the Principal Julie Elston for over 30 years. Ms Elston decided to sell in order to pursue retirement.
The Practice has been purchased by Dr Shahid Mansoor, a first-time buyer from the North East. The business has been underperforming on its UDA target, so Dr Mansoor will focus on correcting this along with developing the range of private treatments available, to include services such as conventional and Invisalign orthodontics.
Paul Graham, Head of Dental at Christie & Co, who handled the sale comments, “It was a priority for the owner to find a suitable buyer who would be able to successfully uphold the reputation and growth of the practice. This was a long-awaited sale for the owner, but the main thing is a perfect buyer was found, making it even more satisfying when a deal can be brokered which suits all parties. Despite the current climate, we have successfully completed on several NHS dental practices, it’s great to add another one to the list.”
The practice was sold at an undisclosed price.
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com
Contact the agent:
Paul Graham, Director (Head of Dental)
P: 07739 876 621 or E: paul.graham@christie.com
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