Where is the Well let Investment located?
Heanor is a town in the Amber Valley district of Derbyshire located 8 miles north-east of Derby.
The premises are situated on Church Road (the A608), a mixed-use main arterial route connecting with Heanor Town Centre just 0.2 miles to the west.
Vets4Pets and Papa Johns investment. Two new semi-detached roadside units, traditional steel portal frame construction with cavity brick and block elevations beneath a pitched roof. Elevations incorporate powder coated aluminium framed double glazed doors and windows.
Vets4Pets and Papa Johns have completed their own fit out. The units are situated within a walled and gated site extending 0.17 acres and providing 12 parking spaces.
How has the accommodation been measured?
Measurements are shown on a Gross Internal Area basis, taken from architect drawings.
|Unit 1 Vets4Pets
|Unit 2 Pappa John
By way of a Planning Permission referenced AVA/2018/0349 the site benefits from consent for two retail units consisting of Veterinary Surgery (Class D1 & A1) and retail shop (Class A1). A new consent for A5 (Hot Food Takeaway), referenced AVA/2019/1234), has been granted in respect of unit 2.
We understand all mains services are connected to each unit.
What is the Ratable Value?
The units are still to be assessed for rating purposes.
How is the accommodation offered?
Heanor Vets4Pets Limited occupy Unit 1 by way of a 15 year FRI lease that commenced 4th November 2019. The current passing rent is £25,000 p.a. There are 5 yearly rent reviews with up lifts to £27,602 in Y5 and £30,474 in Y10. There is tenant break Y10. The lease is guaranteed by Companion Care (Services) Limited.
Unit 2 is let to Papa Johns (GB) Ltd for a term of 15 years that commenced November 2020. The commencing rent is £14,000. There are 5 yearly rent reviews with and a tenant break Y10.
£560,000 for the Freehold. Please check the VAT status.
All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.
Unit 1 has an EPC assessment of: B (32) and unit 2 has an assessment of B(28).
What are the viewing arrangements?
Viewing are to be arranged in advance by contacting OMEETO on 01332 840 320.