Modern single-storey veterinary surgery providing an attractive investment opportunity.
Summary
- Modern single-storey veterinary surgery
- Occupying an elevated roadside location
- On-site car parking
- Total site area of approximately 0.14 acres
- Let to Independent Vetcare Limited
- New 10 year lease from July 2023
- Strong asset management opportunity for investors.
Accommodation
The accommodation comprises the following areas:
| Description | sq ft | sq m |
| NIA | 1,242 | 115.39 |
| Total | 1,242 | 115.39 |
Location
The property occupies an elevated and prominent position to the northern end of Hockley Road. The veterinary practice is located within the well established and predominantly residential area of Wilnecote being approx. 3 miles south-east of Tamworth Town Centre
Wilnecote is a popular residential area supporting a range of local amenities and is located a short distance from J10 of the M42 Motorway, being just 1.5 miles to the east of Hockley Road which provides travel links to the M6, M1 and A5.
Tamworth is an expanding market town supporting a wide catchment area being located 14 miles northeast of Birmingham City Centre and is well known for the Drayton Manor Theme Park and Snowdome.
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Mainline Stations
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Wilnecote (Staffs)13 mins
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Tamworth46 mins
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Polesworth53 mins
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Atherstone99 mins
Underground Station
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Chesham1479 mins
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Amersham1515 mins
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Chalfont and Latimer1544 mins
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Chorleywood1579 mins
Further Information
Price Offers in the region of £275,000
Rates Payable £3.25 per sq ft
Description
The property comprises a modern single-story commercial building extending to approx. 1,248 sqft (115.41 sqm) being of traditional brick construction incorporating sealed unit double glazed windows beneath a tiled pitched roof with glazed entranceway.
The premises which were formerly a public library has been converted and adapted to operate as a Veterinary Surgery boasting a reception area with waiting room, along with separate consulting and operating rooms. The property is well-appointed with modern facilities and occupies an attractive landscaped setting with limited private parking at the rear.
The property has a total site area of approximately 0.14 acres (0.055 hectares).
Terms
The Lease for the property was renewed to Independent Vetcare Limited for a term of 10 years from 18th July 2023 on a tenant’s full repairing & insuring basis at a rent of £17,500 per annum, payable monthly in advance. The Lease is subject to an upward only rent review and a tenant break option on the fifth anniversary of the term, subject to serving not less than 6 months prior notice.
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