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Church Street, Welwyn, Hertfordshire, AL6

Guide Price
£525,000

Business rates & charges may apply

David James, Magor
SIZE

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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

Investment Opportunity

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 Graph

Brochures

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

About David James, Magor

Court Barn, West End, Magor, Monmouthshire, NP26 3HT

David James act in the sale, letting and valuation of all types of commercial property including offices, workshop, retail and storage premises. Historically, acting in the management of rural business lets, our service has expanded to manage investment portfolios, urban and high street properties for our retained clients, advising on lease renewal and end of tenancy matters and ensuring rent collections.

Notes

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