Fir Covert Road, Taverham, Norwich, Norfolk, NR8

Description

The property comprises a modern, standalone and purpose-built veterinary hospital, originally constructed in 2006 with various adaptions since including a two-storey extension completed in 2025.

The building is arranged over two floors, with a large reception and waiting area, multiple consultation rooms, theatres and associated medical rooms on the ground floor and offices, staff and training rooms plus living accommodation on the first floor, accessed via both stairs and a passenger lift.

Externally there are 49 marked parking spaces. The approximate total net internal floor area is 10,282 sq ft and the total site area is
0.91 acres.

Location

Taverham is a large village and residential suburban area on the north-west side of Norwich with an estimated resident population of 14,000. Norwich city centre is some 6 miles away.

The property is situated on Fir Covert Road, which links the A1067 Fakenham Road (a main arterial road into Norwich) with the A1270 Broadland Northway (dual carriageway north-Norwich bypass). Immediately opposite is the Taverham Garden Centre and a recently constructed Lidl food store. Also close-by is Taverham High School and Wensum Valley Hotel.

Terms

We are instructed to seek offers in the region of £2,000,000 (two million pounds), subject to contract, for the freehold interest with the benefit of the current lease.

A purchase at this level would reflect a Net Initial Yield of approximately 6.5% after allowing for acquisition costs of 1.5% and Stamp Duty Land Tax.