IVC, Carlisle - 239 Wakefield Road, Kingstown Industrial Estate, Carlisle CA3 0HE
Carlisle, CA3 0HE
Sold
Price
£1,675,000
Rent (pa)
£120,000
Yield
6.75%
Investment Summary
- • Modern veterinary centre investment in Carlisle, Cumbria.
- • Carlisle is the administrative centre of Cumbria and the principle centre within an affluent catchment.
- • The property is situated on Wakefield Road on Kingstown Industrial Estate, approximately 2 miles to the north of Carlisle city centre.
- • Excellent connectivity less than half a mile from Junction 44 of the M6 Motorway.
- • Modern two storey commercial property operating as veterinary centre.
- • Re-site from next door tripling operational floor space.
- • Total net internal floor area of 6,632 sq ft.
- • Total site area of 0.23 acres.
- • Let to Independent Vetcare Limited (Net assets: £43,200,000) ), part of IVC Evidensia.
- • 15 year FRI lease wef 20th August 2024, expiring 19th August 2039 (14.50 years unexpired).
- • Initial rent of £120,000 per annum (£18.09 psf).
- • Rent reviewed 5 yearly in line with CPI annually compounded (1-3% cap and collar)
- • Freehold.
Interested in this property?
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