Well let Investment

Units 1 And 2, 19 Church Street, Heanor, Derbyshire, DE75 7AH

£575,000 for the Freehold

2,454 Sq Ft

Investment Retail

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Description
Map

Key Features

Unit 1 let to Heanor Vets4Pets Limited
Unit 2 let to Papa Johns (GB) Ltd
Combined income of £39,000 per annum
Rent rises to £44,474 per annum
Newly built D1 and A5 units, in self contained site
12 Parking spaces

Full description

The opportunity comprises two new semi-detached roadside units of a 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 have completed their own fit out of unit 1. Pappa Johns are nearing completion of their own fit out having recently taken possession. The units are situated within a walled and gated site extending 0.17 acres and providing 12 parking spaces.

Location

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.

Planning

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.

Services

We understand all mains services are connected to each unit.

VAT

All figures are quoted exclusive of VAT, we are advised the property is registered for VAT which is applicable at the prevailing rate.

EPC

Unit 1 has an EPC assessment of: B (32) and unit 2 has an assessment of B(28).

Viewing

Viewing are to be arranged in advance by contacting OMEETO on 01332 840 320 or joint agent Innes England 01332 362244

Accommodation

Measurements are shown on a Gross Internal Area basis, taken from architect drawings.

Floor	Sq Ft	Sq M
Unit 1 Vets4Pets	1,507	140
Unit 2 Pappa John	947	88

Business Rates

The units are still to be assessed for rating purposes.

Tenure

Freehold

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 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.

Anti-Money Laundering (AML)

Any offer accepted is subject to completing AML checks.

Particulars Updated

09 Feb 2021

Important Notice

Omeeto are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made by word of mouth or in writing.
These particulars do not form part of any offer or contract and “information” must not be relied upon as statements, representations or facts.
All measurements, areas and distances are approximate and for guidance. All descriptions, conditions, permission for use and occupations should not be relied upon and it should not be assumed that the property has all necessary planning, building regulation or other consents. Services, equipment and facilities etc have not been tested. Any interested party must satisfy themselves on these matters by inspection, independent advice or otherwise.
Photos, video’s, virtual tours etc show only certain parts of the property as they appeared at the time of inspection.