8 November 2022: Tuesday 08 November 2022 - 9:00am
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    Key features

    • A seven/eight bedroom detached house
    • Incorporating a 2 bed annex
    • GIA of house and annex approx 4,101 sq ft (381 sq m)
    • GIA of clinic approx 3,074 sq ft (285.64 sq m)
    • Presented in good decorative order
    • On a site of approx 8 acres
    • Total site area approx 13 acres
    • Includes a detached Veterinary clinic let at £65,000 per annum.
    • Currently producing £68,000 per annum with further potential from the annex


    Additional information

    Tenure

    Freehold.

    Accommodation

    House

    Ground Floor - Entrance Hall, Three Reception Rooms, Dining Room, Two Kitchens, Pantry, Utility Room, Two Bedrooms, Bathroom/WC, Wet Room, Integral Double Garage

    First Floor - Six Bedrooms (Two with Ensuite Bathroom/WC), Cloakroom


    Clinic

    Ground floor comprises of the following - Waiting room, Reception, 4 x Consultation rooms, X-Ray room, Prep Room, Theatre, Staff room, Cat ward, Dog Ward, Isolation ward, Office, Quiet room, W/C and Store room. An approx. 285.64 sqm (3,074 sq ft)


    Stables / Outbuilding

    Stable block with three loose boxes with power and water, together with 8 acres all let on an informal agreement to a charity as below.

    The barn which is converted and occupied by Medivet has an additional self - contained section at one end which is vacant and approximately 1,000 sq ft and there are additional outbuildings across the carpark, part of which have already been converted with water and power as storage/ kennelling space.


    Please note that the approximate floor areas have been taken from VOA and the property has not been inspected by Savills.

    Tenancy

    All Creatures Health Care Veterinarian Clinic

    • Let to Medivet Group Limited (T/A All Creatures Health Care)
    • Let on 15 year lease from 01/08/2020 (No tenant breaks)
    • Investment let at £65,000 p.a.
    • Every 5 year rent reviews (Open Market)

    Medivet was founded in 1987 and now operates from over 350 branches and with 24 state-of-the art, 24-hour veterinary centres across the UK (www.medivet.co.uk). In September 2021 it was announced CVC Capital Partners were to acquire a majority stake in Medivet for a figure in excess of £1bn (cvc.com).

    The stables are occupied by a charity under an informal agreement paying £750 per quarter

    Planning

    It is considered that there may be development potential subject to the necessary consents, interested parties must rely on their own enquiries in this regard.

    Rent

    £68,000 per annum.

    Notes

    The current owners have leased the annex AS A HOLIDAY LET at a rental income for 21/22 of £14k and have therefore enjoyed a total income of £83,000 per annum with vacant possession of the main house.

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      Local information

      The property is located at the end of Sandy lane (no through road) which is accessed off Holt Road.

      The property resides in the town of Horsford which is located an approx. 6.4 miles North of Norwich City Centre.

      Local shops, pub and takeaways can be found directly on Holt Road.

      Norwich Train Station is located an approx. 6.7 miles from the site.

      Transport

      Norwich Train Station - Services to London Liverpool Street, Liverpool and Manchester.

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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