34 Brook Lane, Newton, Chester, Cheshire
Property Type: Retail Investment
Tenure: For Sale
Space: 2,747 Sq Ft (255.2 Sq M)
For Sale: £500,000 for the Freehold
Property Features
FOR SALE
COMMERCIAL PROPERTY INVESTMENT VETERINARY PRACTICE WITH RESIDENTIAL APARTMENT
The property comprises a modern steel frame building with brick elevation, comprising a ground floor commercial veterinary practice and a one bedroom apartment at first floor.
The property is fully DDA compliant at ground floor and is fitted out to a high standard at ground floor level with tenants alterations including stud wall partitioning to separate customer facing and veterinary areas.
34A (residential) consist of a modern 2 bedroom apartment with balcony and parking.
Externally the property benefits from car parking and easy access onto Brook Lane.
Vets4Pets Chester LTD have a lease of the ground floor with a rent of £29,000 pax, the lease is from 27 April 2023 for 10 years with a break and rent review in 2028 with a maximum rental increase of £32,625pax. The lease is Guaranteed by the wider group VETS4PETS VETERINARY GROUP LIMITED (Company number 04263054).
The Residential flat (34a), is let currently at £10,800 pax.
Total income - £39,800 pax
PRICE
£500,000. Which represents a Net Initial Yield of 7.60% after
usual purchase cost.
Location
The property is located on Brook Lane, positioned in a high-demand, densely populated area of Chester. It benefits from close proximity to the affluent area of Hoole, offering easy access to local amenities, and is just a short distance from Chester Train Station and the city centre, ensuring excellent connectivity. Other occupiers at this location include a Morrisons Daily convenience store.
Agents for 34 Brook Lane
Please get in touch with our property agents to with any enquiries you have about this property