66 High Street Amblecote, Near Stourbridge West Midlands DY8 4DH

66 High Street
Amblecote, Near Stourbridge
West Midlands
DY8 4DH

Freehold Veterinary Surgery Investment

Producing £31,000 p.a.x. rising to £34,100 p.a.x. in 2020 and £37,510 p.a.x. in 2025
Let to Stourbridge Vets4Pets Limited with guarantee from Companion Care (Services) Limited
New 15 year lease from February 2015 (no breaks)
Fixed rental increases in 2020 & 2025
Includes a three bedroom flat on first floor
Prominent corner roadside location with nearby occupiers including Magnet, Vauxhall Car Dealership, Kwik-Fit, Johnsons Dry Cleaners Drive-Thru and National Tyres
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot
54
Auction
21st May 2015
Rent
£31,000 per Annum Exclusive
Status
Sold
Price
£500,000
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

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Freehold Veterinary Surgery Investment

Producing £31,000 p.a.x. rising to £34,100 p.a.x. in 2020 and £37,510 p.a.x. in 2025
Let to Stourbridge Vets4Pets Limited with guarantee from Companion Care (Services) Limited
New 15 year lease from February 2015 (no breaks)
Fixed rental increases in 2020 & 2025
Includes a three bedroom flat on first floor
Prominent corner roadside location with nearby occupiers including Magnet, Vauxhall Car Dealership, Kwik-Fit, Johnsons Dry Cleaners Drive-Thru and National Tyres
Buyer's Legal Report available <a href="/media/32613/buyers legal report v4.pdf" target="_blank" title="Buyers legal report available">here</a>

Lot 54
Auction 21st May 2015
Rent £31,000 per Annum Exclusive
Status Sold
Price £500,000
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
Radisson Blu Portman Hotel
22 Portman Square
London W1H 7BG

Property Information

Location

Miles: ½ mile north of Amblecote town centre, 12 miles west of Birmingham
Roads: A458, A491, M5
Rail: Stourbridge Town Railway Station
Air: Birmingham International Airport

Situation

the busy High Street (A491) at its junction with Vicarage Road. Nearby occupiers include Magnet, Vauxhall Car Dealership, Kwik-Fit, Johnsons Dry Cleaners Drive-Thru and National Tyres.

Tenure

Freehold.

Location

Miles: ½ mile north of Amblecote town centre, 12 miles west of Birmingham
Roads: A458, A491, M5
Rail: Stourbridge Town Railway Station
Air: Birmingham International Airport

Situation

the busy High Street (A491) at its junction with Vicarage Road. Nearby occupiers include Magnet, Vauxhall Car Dealership, Kwik-Fit, Johnsons Dry Cleaners Drive-Thru and National Tyres.

Tenure

Freehold.

Description

The property comprises a newly refurbished ground floor veterinary surgery with a three bedroom residential flat on the first floor. The property benefits from a substantial site with off-street car parking.

Buyer's Legal Report
For the ease and convenience of prospective buyers, to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is available here.

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Description

VAT

VAT is applicable to this lot.

EPC

The EPC will be available to view online in the solicitor’s legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x.
Ground First	Veterinary Surgery Three Bedroom Flat	157.93 sq m -	(1,700 sq ft) (-)	STOURBRIDGE VETS4PETS LIMITED (guaranteed by Companion Care (Services) Limited) (1)	15 years from 23/02/2015 until 2030 on a full repairing and insuring lease	£31,000 (2) rising to £34,100 in 2020 and £37,510 in 2025
Total Commercial		157.93 sq m	(1,700 sq ft)			£31,000 (2)

(1) Vets4Pets was founded in 2001 and now trades from over 240 premises throughout the UK. (www.vets4pets.com). For the year ending 27th March 2014, Companion Care (Services) Limited reported a turnover of £15,523,000, pre-tax profits of £4,119,000 and a total net worth of £13,314,000. (Source: www.riskdisk.com 22/04/2015)
(2)The tenant is currently benefitting from a rent free period until 23rd August 2015. The seller has agreed to adjust the completion monies so that the property will produce £31,000 per annum exclusive from completion of the sale.