34 Brook Ln - Veterinarian/Kennel FOR SALE


Chester, CHS CH2 2EB
$500,000 USD
34 Brook Ln, Chester, CHS for Sale
$500,000 USD
Veterinarian/Kennel - FOR SALE
1/4
null | 7.6% Cap Rate

34 Brook Ln
Chester, CHS CH2 2EB


HIGHLIGHTS

  • Prominent Roadside Plot
  • Excellent Transport Links
  • Ample Parking

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$182 USD /SF

CAP RATE

7.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Vets 4 Pets

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Veterinarian/Kennel

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

CH23970,CH580279,CH615954,CH723811,CH733775

ASK ABOUT THIS PROPERTY

Robbie ClarkeBA CommercialMore Info

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Robbie ClarkeBA CommercialMore Info

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