Hemnell Street, Epping, CM16

DESCRIPTION

The property provides a modern and substantial veterinary practice purpose built in the late 1990’s to provide state of the art veterinary and staff accommodation. Set within the busy market town of Epping, the property is adjoined by a complex of high quality residential apartments with a range of commercial premises set immediately to the rear and further along the main high street. The property is in excellent condition throughout having been in veterinary use since construction with the addition of a single storey, lead lined extension in 2016 to provide a specialist CT scan area with control room. The premises benefits from its excellent position and accessibility serving a rapidly expanding client base.

ACCOMMODATION

Approximate Net Internal Area (NIA) floor areas: sq m sq ft Ground Floor Veterinary 246.19 2560 First Floor Office/Ancillary 98.48 1060 First Floor Staff Accommodation Second Floor Plant Room

SITUATION

The property is set within the busy market town of Epping within the county of Essex and just 17 miles northeast of London. The town provides a range of commercial and residential accommodation being within commuter distance of London while also benefitting from a range of national and local retailers along with service providers. Epping tube station provides easy access to central London via central line with further mainline stations within a short distance. By road the B1393 runs through the town and provides access to the M11 and M25.

OUTSIDE

Private parking is provided immediately to the front of the property benefitting from direct access from Hemnall Street. A secure, enclosed patio is set to the rear.

COVENANT

Founded in 2014, Linnaeus is one of the largest veterinary groups in the UK and Ireland offering specialist referral services as well as primary care across their network of practices. Linnaeus is part of the Mars Veterinary Health group with its network of 2,500 veterinary clinics and hospitals in over 20 countries, providing industry leading pet care in over 25 million pet care visits every year. Linnaeus Veterinary Limited (Company Number: 10790375) have achieved a credit score of 72, deemed "BELOW AVERAGE RISK" by Experian. The ultimate holding company is Mars. The turnover as at YE 2023 was £398 million. Source: Experian: 05.06.2025.

TENURE

Freehold subject to existing lease agreements. Please note the leasehold interest in the first floor flat as shown hatched blue on the site plan is not included within the sale. Prospective purchasers are advised to make their own investigations in this regard. Two separate lease agreements are in place for the veterinary hospital and staff accommodation respectively with linked terms briefly comprising as follows: • 15 year term expiring March 2033 • Permitted use as offices within use class B1 and as a veterinary surgery together with associated use and nurses accommodation within use class B1 • Current passing rents of £98,017.50 and £14,750 per annum exclusive respectively • Rent reviews 5 yearly increase only to open market rent • No break clauses • Full repairing terms subject to schedule of condition • Tenant to decorate externally every 3 years and internally every 5 years • Within Landlord and Tenant Act 1954

RIGHTS OF WAY & EASEMENTS

The property is sold with any rights, easements or incidents of tenure which affect it.

SERVICES

The property is understood to benefit from mains service connections including water, drainage, 3 phase electric and gas along with air conditioning. Filtered air is provided to the theatres while a back up generator is also connected. Prospective purchasers are advised to make their own investigations in this regard.

VIEWING

Strictly by appointment with joint agents David James and LaRoc Consultancy