Straits Parade, Bristol, Somerset, BS16

Description

The property provides a prominent, mid terrace property set in the heart of the retail area of Fishponds with frontage onto the A432. Set within the popular Straits Parade, the property provides veterinary accommodation over two floors. Set within the busy Bristol suburb of Fishponds, the property is surrounded by a mix of commercial and residential property. Converted to veterinary accommodation in the late 1990’s, the property provides a range of consulting, clinical and admin space with storage by way of a detached garage to the rear. The premises benefits from its excellent position and accessibility serving a rapidly expanding client base.

Situation

The property is set within the busy suburbs of Fishponds, set just 3 miles north east of the city of Bristol. Set on the A432, the property benefits from excellent transport links to Bristol city centre and the motorway network via the M32. Fishponds benefits from a range of retail and service providers and is well serviced by public transport.

Outside

Straits Parade is a service road running immediately to the front of the property and providing a range of parking. To the rear of the property is an enclosed garden and single garage benefitting from vehicular access via Oldbury Court Road.

Covenant

Founded in 2011 as Independent Vetcare, IVC Evidensia are the UK’s largest veterinary network employing thousands of vets, vet nurses and support staff across hundreds of practices. As part of the IVC Evidensia Group, they are the fastest growing veterinary group in Europe. Independent Vetcare Limited (Company Number: 07746795) have achieved a credit score of 55, deemed "BELOW AVERAGE RISK" by Experian. The turnover as at YE 2023 was in excess of £1.41 billion. Source: Experian: 30.06.2025.

Tenure

Freehold subject to existing lease agreements. Interested parties are advised to make their own investigation in this regard. Current lease agreement briefly comprises as follows: • 15 year term expiring April 2033 • Permitted use as a veterinary practice • Current passing rent of £15,750 per annum exclusive • Rent reviews 5 yearly increase only to open market rent • Tenant break date 7th April 2028 with no less than 6 months notice • Full repairing terms • 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, electric and gas central heating with wall mounter air conditioning units throughout. Prospective purchasers are advised to make their own investigations in this regard.

VAT

The guide price is exclusive of VAT whether or not chargeable.

Viewing

Strictly by appointment with joint agents David