Commercial Property For Sale
Investments
Veterinary Practice Investment
Monkseaton
£150,000 (Long-leasehold)
REF: NE2161
Location
This investment is located on the ground floor of a two storey end terraced building and forms part of a small commercial parade.
The property is located on Cauldwell Lane which is one of the main routes running into Whitley Bay from the west.
This suburb of Whitley Bay is a popular residential area with good infrastructure and transport links and comprises a mixed demographic and mainly private residential housing.
Property
Comprises a self-contained ground floor lock up unit extending to 62 sq.m. (670 sq.ft.).
Occupational Lease
Occupied by Independent Vetcare Limited (CRN 07746795) on a 10 year lease dated 19th December 2024. The current passing rent is £10,600 per annum with a rent review at the 5th anniversary.
Tenure
The property is held on a long leasehold interest for 999 years from 10th November 1992.
EPC
Services
We understand that gas, electricity, water and drainage are connected to the property.
Business Rates
Rateable Value £5,700
Rates free incentives subject to status.
Money Laundering Regulations
In accordance with the current Anti-Money Laundering Regulations the Purchaser or Tenant will be required to provide two forms of identification and proof of the source of income.
Legal Costs
Each party will be responsible for their own costs. Any landlord’s legal costs would be split equally between the buyer and seller.
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