Part let to Vets 4 Pets (Kidderminster) Ltd, guaranteed by Vets 4 Pets Ltd on a lease expiring 2028 (no breaks)
Part let to Pets Corner Limited on a lease expiring 2033 (no breaks)
Includes three flats and on-site parking for 24 cars on 0.54 acres
Modern purpose built property
Lot 33
Auction 11th July 2019
Rent
Status Sold
Price £850,000
Sector Medical/Healthcare
Auction Venue The Montcalm Hotel 2 Wallenberg Place London W1H 7TN
Property Information
Location
Miles
17 miles south-west of Birmingham
17 miles south of Wolverhampton
15 miles north of Worcester
Roads
M5, M42, A448, A449, A451
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation
Kidderminster, with a population of circa 55,000, is located 17 miles south-west of Birmingham, 15 miles north of Worcester and 10 miles west of Bromsgrove. The town has good road communications, being located on the A449, A456, A442 and with the M5/M42 junction 11 miles to the east. The property is located in a predominantly residential suburb 0.5 miles south of the town centre, in a prominent roadside location on Stourport Road, close to its junction with Reservoir Road. Occupiers nearby include Tesco Express, Post Office, Halfords and Subway.
Tenure
Freehold.
Location
Miles
17 miles south-west of Birmingham
17 miles south of Wolverhampton
15 miles north of Worcester
Roads
M5, M42, A448, A449, A451
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation
Kidderminster, with a population of circa 55,000, is located 17 miles south-west of Birmingham, 15 miles north of Worcester and 10 miles west of Bromsgrove. The town has good road communications, being located on the A449, A456, A442 and with the M5/M42 junction 11 miles to the east. The property is located in a predominantly residential suburb 0.5 miles south of the town centre, in a prominent roadside location on Stourport Road, close to its junction with Reservoir Road. Occupiers nearby include Tesco Express, Post Office, Halfords and Subway.
Tenure
Freehold.
Description
This modern property comprises a ground floor veterinary practice and shop, together with 3 x two bedroom flats above on first and second floors. The flats have a separate access via Stourport Road. Flat E on the second floor is the largest flat, extending across both first floor flats. The property includes 24 marked car parking spaces on a site of approximately 0.54 acres (0.22 hectares).
VAT
VAT is applicable to this lot.
EPC
Available from the legal pack at acuitus.co.uk
Description
This modern property comprises a ground floor veterinary practice and shop, together with 3 x two bedroom flats above on first and second floors. The flats have a separate access via Stourport Road. Flat E on the second floor is the largest flat, extending across both first floor flats. The property includes 24 marked car parking spaces on a site of approximately 0.54 acres (0.22 hectares).
15 years from 25/02/2013 on a full repairing and insuring lease
£24,000
Unit B
Ground
Retail
275 sq m
(2,960 sq ft)
PETS CORNER LIMITED (2)
20 years from 19/04/2013 on a full repairing and insuring lease
£30,000
Flat C
First
Residential
3 rooms, kitchen & bathroom
INDIVIDUAL
6 months from 24/08/2018
£6,300
Flat D
First
Residential
3 rooms, kitchen & bathroom
INDIVIDUAL
12 months from 10/02/2017
£6,540
Flat E
Second
Residential
3 rooms, kitchen & bathroom
INDIVIDUAL
6 months from 7/11/2017
£6,900
Total Commercial
442 sq m
(4,757 sq ft)
£73,740
(1) Vets 4 Pets has 480 practices nationwide (Source:- www.vets4pets.com). (2) For the year ended 30th September 2017, Pets Corner Limited reported a turnover of £46,159,331, pre-tax profits of £2,113,447 and a total net worth of £4,156,416 (Source: Experian 7th June 2019). Founded in 1968, with 149 stores across the UK (Source:- www.petscorner.co.uk). NB: Please note a relation of the vendor is employed by Acuitus.