Buyer found for established town centre dental practice

Royd House Dental Practice, in Rotherham, has been sold off.

The deal was announced by specialist business property adviser, Christie & Co. The practice was sold from a guide price of £1,350,000 for the leasehold interest.

Royd House is a mixed-income dental practice that has been established for more than 75 years.

It was brought to market by its three owners – two of which are planning their retirement. The third Principal, Dr Steve Maddock, said he looks forward to working with the new owner once normality returns.

Ken Davies, a former Principal at the practice, said: “Even though I found the process of selling our expense-sharing practice quite challenging, with a number of ups and downs along the way, I am very grateful that Christie & Co found us a buyer we were happy to sell the practice to.

“I feared the worst with the uncertainty caused by the onset of the pandemic, but with a mammoth effort by all concerned, I was delighted to see the purchase completed on April 1.”

Dr Jonathan Schonberg, who has bought the practice, is a multiple operator who owns several dental practices across Yorkshire and the Midlands.

He said: “We are delighted to have acquired Royd House Dental Practice in Rotherham.

“The practice has a strong NHS base, and we look forward to working with Steve Maddock to be able to also offer our patients private options in the future and continue as a FD training practice.”

Jonathan Watson, director (medical) at Christie & Co, who managed the sale, said: “Working with expense-sharing partners with different goals and time-frames can be challenging, so it is satisfying when a deal can be brokered which suits all parties.

“It’s also great to see the buyer appetite here, and to be able to assist on the sale of an NHS dental practice despite the current climate.”