Commercial Property
False
The property is situated within a well established residential area occupying a prominent corner position fronting the busy Lichfield Road at its junction with Spring Road.
The property is considered to occupy an excellent trading position for its existing use as a modern local veterinary practice.
The property comprises a modern purpose built detached, single storey veterinary practice, comprising a reception and waiting area, three consulting rooms, pharmacy, laboratory, utility, two treatment rooms, a dog ward, a cat ward, staff room, office and WC's. To the rear there is a surfaced car park for approximately nine cars.
A Modern Purpose Built Veterinary Practice Investment
Current Rental Income: £22,000 pa
We understand that the property is Freehold subject to a full repairing and insuring Lease for 25 years with effect from the 19th November 2010, to Shelfield Vets 4 Pets Limited guaranteed by Vets 4 Pets Veterinary Group Limited.
The current rent passing is £22,000 per annum with upward only rent reviews every 5 years. We are advised that the first rent review was not implemented and that there is a tenants option to break on the 15th anniversary of Lease commencement.
Further details and a copy of the Lease will be available for inspection within the Legal Pack.
We understand that VAT will be chargeable upon this transaction.
Strictly by arrangement with the Auctioneers.
