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Property Details

27 Lower Oxford Street, Castleford, West Yorkshire, WF10 4AE

Investment

455 SqFt (42.27 SqM)

For Sale £160,000 Freehold

Description

This is a solid investment opportunity. The property occupies an end-terraced position on a heavily residential street within the heart of Castleford Town Centre. The premises are well-maintained throughout and offers ground floor accommodation which is being utilized as a veterinary practice and first floor residential accommodation.

On street permit parking. Yard area to the rear with parking for one car. The whole building benefits from being gas central heated. Cellar and outside store.

  • INVESTMENT OPPORTUNITY FOR SALE
  • Succesfully let veterinary practice
  • Visible trading location with good parking
  • Residential accommodation above premises
  • Excellent, well-established tenant
  • Please contact our office for further information

Location

The property is located in a heavy residential area within the heart of Castleford Town Centre and within walking distance to Castleford Train Station and Carlton Lanes Shopping Centre. Xscape and Junction 32 Retail Park is just a short drive way. Castleford is ideally located just off the M62 motorway network.

Accommodation

Ground Floor- 455 sq ft
First floor- 1 x 2 bedroom flat

Ground floor briefly comprises- reception, two consultation rooms and store room.

Features

LEASE DETAILS

The premises are held by way of a 15-year FRI Lease from December 2016. The next rent review to fall 2019 and then every 5 years (2024, 2029).

Break Clause- 21st December 2021 and every fifth anniversary of that date.

Current Rental Income- £13,000 per annum.

The premises are occupied by the excellent, well established tenant 'Vet Partners'.

VetPartners, which was established in 2015 and is the parent company of some of the UK's most respected and trusted veterinary practices, was recognized in April 2018 for its ground-breaking Innovation, social responsibility and growth.

Since being established, VetPartners has been backed by London-based August Equity and Arespartners and now owns 65 small animal, equine and farm animal practices across the UK, with 2,900 employees working across 260 sites, including its headquarters at Leeman House in York.

Viewing

Strictly by prior appointment with sole agents Vickers Carnley where Lee Carnley will be pleased to assist. Please call our office on 01924 291500 to arrange a viewing.

VAT

The Landlord has not elected to register this property for VAT.

Rates

Small Business Rate Relief

Subject to eligibility businesses occupying a property with a rateable value of £12000 and below will receive 100% relief between £12000 and £15000 they will receive tapered relief.
For more information please contact the local authority on 01977 727121.

Agent Details

Emma Brown
elb@vickerscarnley.co.uk
01924 291500