£9.750.000
Confirmation
Veterinary Hospital Forward Investment
Property Details
Broker
Deactivated
35,915 sq.ft.
3,337 m²Leasable area
271 £/sq.ft.
2,921 £/m²5.00 %
Freehold
Fees
Investment Overview
The property will be a high quality multi-disciplinary veterinary referral and research centre, strategically positioned in the suburban area of Longbridge, 9 miles south of Birmingham. The site is situated in Longbridge business park, which has direct access to the A38 and sits adjacent to Longbridge town centre’s many amenities. Multi-disciplinary Veterinary referral and research centre totalling 35,915 sq ft (GIA) across two floors, developed to a high specification with metallic cladding and modern glass features including a capless glazed corner with perforated panels. The property will benefit from 100 parking spaces, six of which are accessible. The site extends to 1.10 hectares (2.72 acres) providing a low site cover of 16%. An Agreement for Lease is in place to Independent Vetcare Limited for a term of 20 years at an initial rent of £520,767.50 per annum (£14.50 per sq ft). The lease will be subject to 5 yearly CPI linked rent reviews (1.5%-3.5%) and a schedule of condition. Independent Vetcare Limited (IVC), is the largest private veterinary practice in the country and across Europe. The Lease will be guaranteed.
Interested? Here are the next steps to get more
information and to proceed with our automated deal flow.