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Property Details

35 Station Lane, Featherstone, Pontefract, West Yorkshire, WF7 5BE

Investment

618 SqFt (57.41 SqM)

For Sale £80,000 Freehold

Description

This is a solid investment opportunity. The property occupies an end-terraced position on this busy high street. The premises are well maintained throughout and offers ground floor accommodation which is being utilized as a veterinary practice for a good number of years.

UPVC windows, electric heating throughout. Well located within the Town Centre amongst other retailers and traditional local amenities.

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

Location

The property is located within the heart of Featherstone Town Centre amongst other retailers and traditional local amenities. Featherstone is ideally located between Pontefract and Wakefield and benefits from a train station along with a variety of amenities including public houses, schools and supermarkets.

Accommodation

Ground Floor- 618 sq ft

Ground floor briefly comprises- reception, two consultation rooms, theatre, preparation room, kennels.

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- £8,000 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.