SessionID: xjklmzzq1ieyz0jgoglhbget

19A Church Street | Sold

£575,000

Overview


  • Building

  • £575,000

  • Church Street

  • PP000000062920

Property Details

The opportunity comprises two new semi-detached retail units of a traditional steel portal frame construction with cavity brick and block elevations beneath a pitched roof. Elevations incorporate powder coated aluminium framed double glazed doors and windows. Vets4Pets have completed their own fit out of unit 1. Unit 2 has been constructed to shell, ready for an occupier fit out. The units are situated within a walled and gated site extending 0.17 acres and providing 12 parking spaces.

 

Location

Heanor is a town in the Amber Valley district of Derbyshire located 8 miles north‐east of Derby.

 

The premises are situated on Church Road (the A608), a mixed‐use main arterial route connecting with Heanor Town Centre just 0.2 miles to the west.

 

Accommodation

 

 

Sq M

Sq Ft

Unit 1 (Vet4Pets)

140

1,507

Unit 2

88

947

Total

228

2,454

 

Measurements are quoted on a Gross Internal basis and have been taken from architect drawings.

 

Services

We understand all mains services including Three Phase will be connected and that each unit will have separate supplies.

 

Planning

By way of a Planning Permission referenced AVA/2018/0349 the site benfitis from consent for two retail units consisting of Veterinary Surgery (Class D1 & A1) and retail shop (Class A1). A new consent for A5 (Hot Food Takeaway), referenced AVA/2019/1234), has been granted in respect of unit 2.

 

Tenure

Heanor Vets4Pets Limited occupy Unit 1 by way of a 15 year FRI lease that commenced 4th November 2019. The commencing rent of

£12,500 steps up to £25,000 p.a in year 2. There are 5 yearly rent reviews with up lifts to £27,602 Y5 and £30,474 Y10. There is tenant break Y10. The lease is guaranteed by Companion Care (Services) Limited.

 

Unit 2 is under offer to a national operator for a term of 15 years on FRI terms at a rental of £14,000 per annum. There is a tenant break on the tenth anniversary of the term and five yearly rent reviews.

 

Business Rates

The property is to be separately assessed for rating purposes

 

Price

Freehold offers invited in the region of £595,000.

 

VAT

All figures quoted are exclusive of VAT. The property is registered for VAT which will be charged at the prevailing rate.

 

Legal Costs

Each party is to bear their own legal costs incurred.

 

EPC

The Vets 4 Pets premises has an EPC assessment of: B (32).

 

 

Our Anti‐Money Laundering Policy

In Accordance with Anti‐Money Laundering Regulations, two forms of ID and confirmation of the source of funding will be required from the successful purchaser.

 

  • Unit 1 let to Vets4Pets on 15 year lease
  • Unit 2 under offer to national operator for a 15 year lease
  • Annual income of £39,000 pa when fully let ‐ rising to £44,474 pa
  • 12 Parking spaces