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Chandlers Lane, Sidmouth, Devon, EX10 9BX Image

Chandlers Lane, Sidmouth, Devon, EX10 9BX

For Sale

  • Tenure

    For Sale
  • Type

    Investment
  • Price

    Offers in Excess Of £175,000
  • Size

    1,654 Sq Ft

Property Highlights

  • Attractive veterinary practice investment opportunity
  • Situated in the popular tourist town of Sidmouth on South Devon's Jurassic Coast
  • Income secured against the covenant of Independent Vetcare Limited
  • New lease for a term of 15 years
  • Modest rent of £13,000 per annum offering low base for future rental growth
  • Freehold
  • Offers in excess of £175,000 which reflects an attractive yield of 7.30% after the deduction of usual purchasers costs of 1.79%

Overview

The property comprises a modern, two storey building with an adjoining single storey double garage to the north side. Internally the property is arranged as a veterinary practice with entrance, waiting and consulting rooms, w/c and garage/store at ground floor level with kennels, operating room and office on the 1st floor above.