Vets4Pets & Creative Support, Westover House, Swinton

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Jonny Brown

Head of Investment

jonny.brown@idre.co.uk

  • Prominent position on Station Road in the heart of Swinton town centre

  • Local occupiers include Matalan, B&M Bargain, Asda, Greggs, Aldi, Costa and Boots Pharmacy

  • Fully let, modern, detached parade of three self-contained commercial units (2 units are combined for Vets4Pets)

  • Providing a total of 3,121 sq ft

  • Freehold

  • Let to Vets4Pets Swinton (68% of income) with a guarantee from Vets4Pets Veterinary Group (part of Pets at Home Group) and Creative Support, a well-funded charity

  • WAULT 3.3 years

  • Current passing rent £39,000 per annum (both rent review outstanding)

  • Conservative ERV of £42,134 per annum

  • EPC - B32

Offers are being sought in the region of £500,000 (Five Hundred Thousand Pounds), subject to contract and exclusive of VAT. A purchase at this level reflects a NIY of 7.45% and a reversionary yield of 8.00%, assuming purchasers costs of 4.70% and a low capital value of £160.21 psf.