Freehold Veterinary Investment with Development Potential
Let to Companion Care (Ely) Ltd (subsidiary of Pets at Home) until 2041 (subject to 2036 option)
Modern veterinary practice with on site parking t/a Vets4Pets
Approx Floor Area of 128.52 sq m (1,383 sq ft)
Situated in an affluent cathedral city within a well-established residential area
Suitable for future change of use or redevelopment (subject to consents)
Site area of approx. 0.03 Ha (0.08 acres) with a low site coverage of 32%
Nearby occupiers include Waitrose & Partners, Iceland and B&M
Lot 2
Auction 11th December 2025
Rent £17,500 per Annum Exclusive
Status Available
Guide* £250,000
Sector Vet, Development
Auction Venue Live Streamed Auction
Property Information
Location
Miles
13 miles north of Cambridge, 30 miles south east of Peterborough
Roads
A10, A142
Rail
Ely Railway Station
Air
London Stansted Airport
Situation
Ely is a historic and well-connected city with a strong residential presence. The property is located on Newnham Street, near the junction with Market Street, in the heart of the city, situated opposite the entrance to the Paradise Leisure Centre. The immediate surroundings comprise mainly residential dwellings, with a Waitrose & Partners, Iceland supermarket and B&M store situated directly behind the property. The property is also within easy walking distance of the city’s High Street, where occupiers include Pizza Express, Caffè Nero, Costa, Gails, FatFace and Boots.
Tenure
Freehold.
Location
Miles
13 miles north of Cambridge, 30 miles south east of Peterborough
Roads
A10, A142
Rail
Ely Railway Station
Air
London Stansted Airport
Situation
Ely is a historic and well-connected city with a strong residential presence. The property is located on Newnham Street, near the junction with Market Street, in the heart of the city, situated opposite the entrance to the Paradise Leisure Centre. The immediate surroundings comprise mainly residential dwellings, with a Waitrose & Partners, Iceland supermarket and B&M store situated directly behind the property. The property is also within easy walking distance of the city’s High Street, where occupiers include Pizza Express, Caffè Nero, Costa, Gails, FatFace and Boots.
Tenure
Freehold.
Description
The property comprises a modern veterinary practice arranged on the ground and first floors benefitting from separate external access to the first floor and customer car parking to the rear upon a total site area of 0.03 Ha (0.08 acres). The property may be suitable for future change of use or redevelopment subject to the lease and necessary consents. The Tenant is currently due to undertake substantial internal refurbishment works.
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 modern veterinary practice arranged on the ground and first floors benefitting from separate external access to the first floor and customer car parking to the rear upon a total site area of 0.03 Ha (0.08 acres). The property may be suitable for future change of use or redevelopment subject to the lease and necessary consents. The Tenant is currently due to undertake substantial internal refurbishment works.
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 sq m
Floor Areas Approx sq ft
Tenant
Term
Rent p.a.x.
Rent Review
Ground First
Veterinary Practice
67.15 61.37
(723) (661)
COMPANION CARE (ELY) LTD (wholly owned by Pets at Home) t/a VETS4PETS (1)
A term of years until 17/05/2041 (2)
£17,500
18/05/2031 18/05/2036
Total
128.52
(1,383)
£17,500
(1) Companion Care was established in 2001 and is wholly owned by Pets at Home. Companion care trade under the name Vets4Pets and currently operate from over 130 location (www.vets4pets.com). (2) The lease provides a tenant option to determine on 17/05/2036.
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
