Property photos
Just added
Freehold
£500,000
(£182.02/sq. ft)
Retail premises for sale
34 Brook Lane, Newton, Chester, Cheshire CH22,747 sq. ft
Local area information
Property location
Nearby amenities
- Newton Primary School 0.3 miles
- Firs School 0.4 miles
- Chester 0.4 miles
- Bache 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Chester to find out more about the local area.
Features and description
- Freehold
- For sale
- Commercial property investment veterinary practice with residential apartment
Description
The property comprises a modern steel frame building with brick elevation, comprising a ground floor commercial veterinary practice and a one bedroom apartment at first floor.
The property is fully dda compliant at ground floor and is fitted out to a high standard at ground floor level with tenants alterations including stud wall partitioning to separate customer facing and veterinary areas.
34A (residential) consist of a modern 2 bedroom apartment with balcony and parking.
Externally the property benefits from car parking and easy access onto Brook Lane.
Vets4Pets Chester ltd have a lease of the ground floor with a rent of £29,000 pax, the lease is from 27 April 2023 for 10 years with a break and rent review in 2028 with a maximum rental increase of £32,625pax. The lease is Guaranteed by the wider group VETS4PETS veterinary group limited (Company number 04263054).
The Residential flat (34a), is let currently at £10,800 pax.
Total income - £39,800 pax
Price
£500,000. Which represents a Net Initial Yield of 7.60% after
usual purchase cost.
For sale
commercial property investment veterinary practice
With residential apartment
The property comprises a modern steel frame building with brick elevation, comprising a ground floor commercial veterinary practice and a one bedroom apartment at first floor.
The property is fully dda compliant at ground floor and is fitted out to a high standard at ground floor level with tenants alterations including stud wall partitioning to separate customer facing and veterinary areas.
34A (residential) consist of a modern 2 bedroom apartment with balcony and parking.
Externally the property benefits from car parking and easy access onto Brook Lane.
Vets4Pets Chester ltd have a lease of the ground floor with a rent of £29,000 pax, the lease is from 27 April 2023 for 10 years with a break and rent review in 2028 with a maximum rental increase of £32,625pax. The lease is Guaranteed by the wider group VETS4PETS veterinary group limited (Company number 04263054).
The Residential flat (34a), is let currently at £10,800 pax.
Total income - £39,800 pax
Price
£500,000. Which represents a Net Initial Yield of 7.60% after
usual purchase cost.
For sale
commercial property investment veterinary practice
With residential apartment
More information
Listed by
BA Commercial
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