65-year-old Glasgow dental practice sold

Bridgeton Cross Dental Practice in Glasgow, which has been operating for over 65 years, has been sold to first-time buyer, Nicole Egan.

Established in 1960, Bridgeton Cross Dental Practice is a three-surgery, mixed-income dental practice with over 10,000 registered patients.

It sits in the heart of the Glasgow district of Bridgeton, less than two miles from the city centre.

The practice has been owned by Dr Sobia Bhatti since 2011 and was brought to market so she could reduce her management responsibilities and spend more time with her family.

Following a confidential sales process with Joel Mannix at Christie & Co, and with funding sourced through Stephen McConalogue at Christie Finance, it was purchased by Egan who plans to leverage the strong community demand for NHS services to utilise the practice’s existing three operational surgeries and capitalise on the fourth surgery, which is fully plumbed and fitted.

Mannix said: “While the market remains competitive, this sale is a great example of the continued demand for quality practices in strong locations.”

McConalogue added: “I’m delighted to have secured the finance for another first-time buyer entering the dental sector.

“The dental market remains very strong across most of the lenders operating within the sector.

“This, coupled with the Bank of England Base Rate falling again, has made it more accessible for first-time buyers to enter the sector and also gives existing owners the opportunity to refinance for a better rate, the latter of which we are seeing a great deal of at this time.”

Bridgeton Cross was sold for an undisclosed price.