Church Street, Welwyn, Hertfordshire, AL6
- SIZE
Ask agent
- SECTOR
High street retail property for sale
Key features
- Investment Opportunity
- Substantial end terrace commercial property
- Veterinary accommodation in excess of 1660ft2 on a Net Internal Area (NIA) basis
- Private parking
- Current passing rent of £31,000 per annum exclusive representing an attractive net initial yield of 7% after deducting standard purchasers costs of 5%
- Strong Tenant covenant
- In excess of 6 years unexpired
- Increase only rent review September 2027
- Full repairing terms
Description
A freehold veterinary premises within a popular village location with commercial accommodation over two floors and benefitting from a single storey extension to the rear. Let in its entirety to VetPartners Practices Limited, the property provides a secure and low maintenance investment
DESCRIPTION
The property provides a substantial end of terrace former residential property having been converted to veterinary accommodation over the ground and first floors. The property is of rendered brick construction under a pitched tiled roof with single storey flat roof extension to the rear, also utilised within the veterinary surgery. The ground floor provides a range of clinical and clerical accommodation along with kennels and cattery with the first-floor providing cellular offices with laboratory, kitchen and break out facilities. The property occupies a prominent position centrally within the popular village of Welwyn benefitting 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 97.37 1048.08 First Floor Ancillary Veterinary 57.47 618.61 Total 154.84 1666.69
SITUATION
The property is conveniently set within the popular Hertfordshire village of Welwyn located approximately 2.5 miles from Welwyn Garden City. Benefiting from frontage to Church Street, Welwyn village provides a range of residential and commercial accommodation including independent and national retailers. The property benefits from excellent transport links set immediately adjacent to Junction 6 of the A1 motorway and set just 25 miles from Central London, 5 miles from Stevenage, 5.5 miles from Hertford and 7.5 miles from St Albans. Nearby Stevenage provides rail links to London St Pancras Internation in approximately 27 minutes.
OUTSIDE
Private parking is provided immediately to the rear of the property with capacity for 3 vehicles and benefitting from external storage. Additionally, on street parking is available to the front of the property.
COVENANT
Founded in 2015, VetPartners Practices Limited forms part of one of the largest veterinary groups in the UK primary veterinary sector providing care across their network of over 500 practices, and sits within the parent company Vetpartners Limited. VetPartners Practices Limited (Company Number: 10084952) has achieved a credit score of 92, deemed "Very Low Risk" by Experian. The turnover at YE 2024 was £184 million, with a Pre-tax Profit of £16.14 million. Source: Experian 12.03.2026.
TENURE
Freehold subject to existing lease agreement with terms briefly comprising as follows: • 15 year term expiring September 2032 • Permitted use as offices within use class B1 and Surgery within Use Class D1 • Current passing rent of £31,000 per annum exclusive • Rent reviews 5 yearly increase only to open market rent (next rent review due September 2027) • Tenant break clause September 2027 with no less than 6 months prior written notice • Full repairing terms subject to schedule of condition • Within Landlord and Tenant Act 1954 Prospective purchasers are advised to make their own investigations to verify all lease details.
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, and electric along with air conditioning to ground floor areas. Prospective purchasers are advised to make their own investigations in this regard.
BUSINESS RATES
Rateable value - £31,750 as of April 2026
VAT
We are advised VAT is applicable to the sale price however would be eligible as a Transfer Of Going Concern (TOGC) subject to the relevant criteria. Prospective purchasers are advised to make their own investigations in this regard.
VIEWING
Strictly by appointment with joint agents David James and LaRoc Consultancy
Energy Performance Certificates
EPC Rating GraphBrochures
Church Street, Welwyn, Hertfordshire, AL6
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Welwyn North Station1.0 miles
- Welwyn Garden City Station2.2 miles
- Knebworth Station2.7 miles
Notes
Disclaimer - Property reference MAG260015. 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 David James, Magor. 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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