Investment for sale

FREEHOLD VET INVESTMENT FOR SALE
NEWLY LET TO MAJOR ANIMAL CARE / VET BUSINESS
TENANT FITTING OUT AT A COST OF ｣1.2M
NET INITIAL YIELD 6.92%
15 YEAR MINIMUM LEASE TERM BEFORE BREAK
LOCATION
Beaconsfield lies close to junction 2 of the M40 and benefits from a fast rail service to London from its mainline station, very near
to the property. The premises are located in a prominent, central location in Beaconsfield New Town, close to Waitrose, in a parade which includes Toni & Guy and Nationwide, and within a good restaurant pitch. In addition, nearby leisure uses include Beech House (Upman Inns), Koyo (Japanese tapas) and Fego.
DESCRIPTION
The property comprises a three-storey end of terrace building with recently let ground floor vet/animal care business, first & second floor residential (sold off). Approximate areas: Commercial: 200 m2 (2150 ft2) GIA plus forecourt of approx. 1000 ft2
TENANCIES
The ground floor of the property is let to Creature Comforts 16 Ltd at a rent of ｣88,000 p.a.x) from 28th September 2026 for a term of 20 years with 5 yearly upwards only rent reviews, and a tenant-only break at the 15th. A rent deposit of ｣12,200 is held against default. Other parts of the property are sold off on long-leases with service charge provisions. In the case of the Creature Comforts lease, there is a service charge cap of ｣4,000 p.a. A rent free period was agreed with the tenant which will be made up by the sellers to the purchaser on completion. The tenant company was formed in 2025 and is a wholly owned subsidiary of Creature Comforts Pets Ltd (see: https://www.creaturecomforts.co.uk/) with 19 locations in London & the South East. Beaconsfield is one of four sites projected to open in 2027. Copy documentation available on request.
EPC TBC.
TERMS ｣1,200,000 for the freehold interest.
LEGAL COSTS Both parties' legal costs to be borne by the purchaser.
FURTHER INFORMATION : Philip Marsh 01494 683642 / Dan Collins 01494 683643