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
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
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
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.
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.
