409 Stourport Road Kidderminster Worcestershire DY11 7BG

  • 409 Stourport Road<br>Kidderminster<br>Worcestershire<br>DY11 7BG

409 Stourport Road
Kidderminster
Worcestershire
DY11 7BG

Freehold Veterinary, Retail & Residential Investment

  • Prominent roadside location
  • Part let to Vets 4 Pets (Kidderminster) Ltd, guaranteed by Vets 4 Pets Ltd on a lease expiring 2028 (no breaks)
  • Part let to Pets Corner Limited on a lease expiring 2033 (no breaks)
  • Includes three flats and on-site parking for 24 cars on 0.54 acres
  • Modern purpose built property
  • Lot
    33
  • Auction
    11th July 2019
  • Rent
    £73,740 per Annum Exclusive
  • Status
    Sold
  • Price
    £850,000
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
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Freehold Veterinary, Retail & Residential Investment

  • Prominent roadside location
  • Part let to Vets 4 Pets (Kidderminster) Ltd, guaranteed by Vets 4 Pets Ltd on a lease expiring 2028 (no breaks)
  • Part let to Pets Corner Limited on a lease expiring 2033 (no breaks)
  • Includes three flats and on-site parking for 24 cars on 0.54 acres
  • Modern purpose built property
  • Lot 33
  • Auction 11th July 2019
  • Rent £73,740 per Annum Exclusive
  • Status Sold
  • Price £850,000
  • Sector
    Medical Centre/Doctors, Healthcare
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN

Property Information

Location
Miles
17 miles south-west of Birmingham
17 miles south of Wolverhampton
15 miles north of Worcester
Roads
M5, M42, A448, A449, A451
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation

Kidderminster, with a population of circa 55,000, is located 17 miles south-west of Birmingham, 15 miles north of Worcester and 10 miles west of Bromsgrove. The town has good road communications, being located on the A449, A456, A442 and with the M5/M42 junction 11 miles to the east. The property is located in a predominantly residential suburb 0.5 miles south of the town centre, in a prominent roadside location on Stourport Road, close to its junction with Reservoir Road. Occupiers nearby include Tesco Express, Post Office, Halfords and Subway.

Tenure

Freehold.

Location
Miles
17 miles south-west of Birmingham
17 miles south of Wolverhampton
15 miles north of Worcester
Roads
M5, M42, A448, A449, A451
Rail
Kidderminster Railway Station
Air
Birmingham International Airport
Situation

Kidderminster, with a population of circa 55,000, is located 17 miles south-west of Birmingham, 15 miles north of Worcester and 10 miles west of Bromsgrove. The town has good road communications, being located on the A449, A456, A442 and with the M5/M42 junction 11 miles to the east. The property is located in a predominantly residential suburb 0.5 miles south of the town centre, in a prominent roadside location on Stourport Road, close to its junction with Reservoir Road. Occupiers nearby include Tesco Express, Post Office, Halfords and Subway.

Tenure

Freehold.

Description

This modern property comprises a ground floor veterinary practice and shop, together with 3 x two bedroom flats above on first and second floors. The flats have a separate access via Stourport Road. Flat E on the second floor is the largest flat, extending across both first floor flats. The property includes 24 marked car parking spaces on a site of approximately 0.54 acres (0.22 hectares).

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Description

This modern property comprises a ground floor veterinary practice and shop, together with 3 x two bedroom flats above on first and second floors. The flats have a separate access via Stourport Road. Flat E on the second floor is the largest flat, extending across both first floor flats. The property includes 24 marked car parking spaces on a site of approximately 0.54 acres (0.22 hectares).

VAT

VAT is applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

Unit Floor Use Floor Areas (Approx) Tenant Term Rent p.a.x.
Unit A Ground Veterinary
167 sq m
(1,797 sq ft)
 VETS 4 PETS
(KIDDERMINSTER)
LIMITED guaranteed by
VETS 4 PETS LIMITED
(1)		 15 years from
25/02/2013 on a full
repairing and insuring
lease		 £24,000
Unit B Ground Retail
275 sq m
(2,960 sq ft)
 PETS CORNER LIMITED
(2)		 20 years from
19/04/2013 on a full
repairing and insuring
lease		 £30,000
Flat C First Residential
3 rooms, kitchen & bathroom
 INDIVIDUAL 6 months from
24/08/2018		 £6,300
Flat D First Residential
3 rooms, kitchen & bathroom
 INDIVIDUAL 12 months from
10/02/2017		 £6,540
Flat E Second Residential
3 rooms, kitchen & bathroom
 INDIVIDUAL 6 months from
7/11/2017		 £6,900
Total
Commercial
  
442 sq m
 (4,757 sq ft)     £73,740

(1) Vets 4 Pets has 480 practices nationwide (Source:- www.vets4pets.com).
(2) For the year ended 30th September 2017, Pets Corner Limited reported a turnover of £46,159,331, pre-tax profits of £2,113,447 and a total net worth of £4,156,416 (Source: Experian 7th June 2019). Founded in 1968, with 149 stores across the UK (Source:- www.petscorner.co.uk).
NB: Please note a relation of the vendor is employed by Acuitus.

Contacts

Seller's Solicitors
MFG Solicitors Adam House, Birmingham Road
Kidderminster
DY10 2SH
Justin Parker 01562 820 181justin.parker@mfgsolicitors.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk
Property InsuranceBrown & BrownNatasha WardBroking Director+44 7545 208 759bbrown.com

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