* Comprises single storey building operating as a veterinary practice
* Total Area Size: 216. 70 sq m (2, 333 sq ft)
* Property benefits from 2 car parking spaces at front
Investment Consideration:
Gross Initial Yield: 7. 14%
Rental Income: £25, 000 p. a.
VAT is not applicable to this property
Comprises single storey building operating as a veterinary practice on a plot
of 0. 10 acres
Total Area Size: 216. 70 sq m (2, 333 sq ft)
Property benefits from 2 car parking spaces at front
Situated in a predominantly residential area within 0. 7 miles from Flitwick
Station.
Property Description:
Comprises single storey detached building operating as a veterinary practice.
The property benefits from 2 parking spaces at front and provides the
following accommodation and dimensions:
Ground Floor: 216. 70 sq m (2, 333 sq ft)
Reception, Treatment Rooms, Staff Rooms, Kitchenette, Shower, WCs
Tenancy:
The property is at present let to Medivet Group Ltd* for a term of 15 years
from 11th May 2010 at a current rent of £25, 000 per annum and the lease
contains full repairing and insuring covenants.
*Medivet was founded in 1987 and now operates over 350 branches across the UK. In 2021 cvc Capital Partners acquired Medivet for in excess of £1bn. ().
Location:
Flitwick is a town and civil parish in Bedfordshire, situated in close
proximity to the M1, providing easy access to London and to the north. The
property is situated on the north side of The Ridgeway at its junction with
Catherine Road, within 0. 7 miles from Flitwick Station. Occupiers close by
include a wide range of local business in a predominantly residential area.

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