Veterinary Portfolio

• Five freehold Veterinary Practices located in the Northeast, set within affluent towns and villages of Northumberland. 
• All properties let on individual leases for a term of 15 years expiring between 2030 and 2031. 
• Let on Full Repairing and Insuring leases to CVS (UK) Limited, trading as Alnorthumbria Veterinary Group, who have an Experian score of 100 representing very low risk of default.
• Total current income of £145,500 pa together with solar income of £8,451pa. 
• The properties offer excellent income in the short to medium term with reversionary potential and strong repositioning underpin. 

We are instructed to seek offers for the portfolio in excess of £1,810,000 (One Million Eight Hundred and Ten Thousand Pounds) subject to contract and exclusive of VAT equating to a Net initial yield of 7.57% rising to 8.01% including the solar income and adopting purchasers’ costs of 6.22%.