Verified listing
Veterinary Hospital Forward Investment
Veterinary Hospital Forward Investment
Veterinary Hospital Forward Investment
Veterinary Hospital Forward Investment

Veterinary Hospital Forward Investment

Birmingham, United Kingdom

85%

£9.750.000

Special purpose

Core

22 Jun 2022

#14001

Property Details

35,915 sq.ft.

3,337 m²

Leasable area

271.47 £/sq.ft.

2,921 £/m²

5.00 %

Freehold

For sale

Broker

X

Fees

0.00 %

0.40 %

0.00 %

0.40 %

Investment Overview

The property will be a high quality multi-disciplinary veterinary referral and research centre, strategically positioned in the suburban area of Longbridge, 9 miles south of Birmingham. The site is situated in Longbridge business park, which has direct access to the A38 and sits adjacent to Longbridge town centre’s many amenities. Multi-disciplinary Veterinary referral and research centre totalling 35,915 sq ft (GIA) across two floors, developed to a high specification with metallic cladding and modern glass features including a capless glazed corner with perforated panels. The property will benefit from 100 parking spaces, six of which are accessible. The site extends to 1.10 hectares (2.72 acres) providing a low site cover of 16%. An Agreement for Lease is in place to Independent Vetcare Limited for a term of 20 years at an initial rent of £520,767.50 per annum (£14.50 per sq ft). The lease will be subject to 5 yearly CPI linked rent reviews (1.5%-3.5%) and a schedule of condition. Independent Vetcare Limited (IVC), is the largest private veterinary practice in the country and across Europe. The Lease will be guaranteed.