Recently refurbished veterinary practice let to Medivet Group Limited
New 15-year lease from June 2024 (subject to options)
Double-fronted veterinary surgery comprising approximately 1,452 sq ft
Prominent Position on Grange Road (A2206)
Nearby occupiers include Sainsbury's, Brandy Melville and an eclectic mix of local retailers
VAT-free investment
Lot 4
Auction 7th November 2024
Rent £27,630 per Annum Exclusive
Status Available
Guide* £350,000+
Sector Medical/Healthcare
Auction Venue Live Streamed Auction
Property Information
Location
Miles
0.8 miles south-east of London Bridge Station, 1 mile south-east of Tower Bridge
Roads
A2, A201, A2206
Rail
Bermonsey Underground Station, London Bridge Underground & Railway Station
Air
London City Airport
Situation
The property is prominently situated on the south side of Grange Road (A2206), a short walk from London Bridge Underground and Railway Station and 1 mile south-east from Tower Bridge. Nearby occupiers include Sainsbury's, Brandy Melville and an eclectic mix of local retailers.
Tenure
Long Leasehold. for a term of 999 years from completion.
Location
Miles
0.8 miles south-east of London Bridge Station, 1 mile south-east of Tower Bridge
Roads
A2, A201, A2206
Rail
Bermonsey Underground Station, London Bridge Underground & Railway Station
Air
London City Airport
Situation
The property is prominently situated on the south side of Grange Road (A2206), a short walk from London Bridge Underground and Railway Station and 1 mile south-east from Tower Bridge. Nearby occupiers include Sainsbury's, Brandy Melville and an eclectic mix of local retailers.
Tenure
Long Leasehold. for a term of 999 years from completion.
Description
The property comprises a recently refurbished double-fronted shop arranged on the ground floor, forming part of a larger building.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Description
The property comprises a recently refurbished double-fronted shop arranged on the ground floor, forming part of a larger building.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
Band C
Tenancy & Accommodation
Floor
Use
Floor Areas Approx sq m
Floor Areas (Approx sq ft)
Tenant
Term
Rent p.a.x.
Rent Reviews
Ground
Medical
134.89
(1,452)
MEDIVET GROUP LIMITED (1)
15 years from 12/06/2024 (2) on an effectively full repairing and insuring lease
£27,630
12/06/2029 and 12/06/2034
Total
134.89
(1,452)
£27,630
(1) Medivet was founded in 1987 and now operates from over 350 branches across the UK. In 2021, CVC Capital Partners acquired Medivet for in excess of £1bn (www.medivet.co.uk). (2) The lease is subject to tenant options to determine on 12/06/2029 and 12/06/2034.
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.
