34 Brook Lane, Newton, Chester, Cheshire
£182.02 per sq ft
Business rates & charges may apply
- SIZE AVAILABLE
2,747 sq ft
255 sq m
- SECTOR
High street retail property for sale
Key features
- 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
Brochures
34 Brook Lane, Newton, Chester, Cheshire
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Chester Station0.4 miles
- Bache Station0.6 miles
- Capenhurst Station4.7 miles
Notes
Disclaimer - Property reference 3535FH. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by BA COMMERCIAL, BA Commercial. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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