Freehold Veterinary Practice and Residential Investment
Comprises a veterinary practice and two separately-accessed 2-bed flats above
Ground floor let to Independent Vetcare Limited until February 2033 (No breaks)
Both flats let on ASTs (approx. 1,809 sq ft)
Established commercial and residential location, close to Eastbourne Railway Station and Guildredge Park
Nearby occupiers include Waitrose, Boots, and a number of local independent retailers
VAT-free investment
Lot 5
Auction 7th November 2024
Rent £41,540 per Annum Exclusive
Status Sold
Price £500,000
Sector Medical Centre/Doctors, Healthcare
Auction Venue Live Streamed Auction
Property Information
Location
Miles
17 miles west of Hasting, 23 miles east of Brighton
Roads
A22, A27, A259, M23 (Junction 10)
Rail
Eastbourne Railway Station (600 metres)
Air
London Gatwick Airport
Situation
The property is prominently situated on the north side of The Goffs (A259), in an established commercial and residential location, close to Eastbourne Railway Station (600 metres) and the town centre. Nearby occupiers include Waitrose, Boots and a number of local independent retailers.
Tenure
Freehold.
Location
Miles
17 miles west of Hasting, 23 miles east of Brighton
Roads
A22, A27, A259, M23 (Junction 10)
Rail
Eastbourne Railway Station (600 metres)
Air
London Gatwick Airport
Situation
The property is prominently situated on the north side of The Goffs (A259), in an established commercial and residential location, close to Eastbourne Railway Station (600 metres) and the town centre. Nearby occupiers include Waitrose, Boots and a number of local independent retailers.
Tenure
Freehold.
Description
The property comprises a veterinary practice arranged on the ground floor, and two separately-accessed 2-bed flats arranged on the first floor, both let on ASTs. The property benefits from 3 car parking spaces to the front of the property.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band D (Veterinary Practice). Band E (Flats)
Description
The property comprises a veterinary practice arranged on the ground floor, and two separately-accessed 2-bed flats arranged on the first floor, both let on ASTs. The property benefits from 3 car parking spaces to the front of the property.
(1) Residential flat areas provided by the EPC register (www.gov.uk/find-energy-certificate) (2) For the year ending 30/09/2023, Independent Vetcare Limited reported a turnover of £1,141,700,000, a pre-tax profit of £8,400,000 and a net assets of £43,200,000 (www.northrow.com). Downland Vets were established in 1946 and now trade from 12 practices across Sussex and Hampshire (www.downlandvets.co.uk).
If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
