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Culverlands Botley Rd 7,512 sq ft Retail Property Shedfield SO32 2JG £1,583,000 (£210.73/sq ft) 6.25% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Lease provides 14 years to expiry
- Extensive on-site parking
- Excellent Tenant Covenant
EXECUTIVE SUMMARY
Offers considered in the region of £1,583,000 for the freehold interest, subject to the tenancy as outlined.
A purchase at this level will show an attractive net initial yield of 6.25% after allowance for buyer’s costs at 6.14%.
The property is let by way of a lease dated 7 October 2025, for a term from 11 November 2024 for 15 years at a passing rent of £105,000 per annum. The tenant is CVS (UK) Limited.
The lease is subject to an open market upward only rent review on 11 November 2029 and 11 November 2034.
There is a tenant break option 10 November 2034. The lease is drawn on full repairing & insuring terms.
A purchase at this level will show an attractive net initial yield of 6.25% after allowance for buyer’s costs at 6.14%.
The property is let by way of a lease dated 7 October 2025, for a term from 11 November 2024 for 15 years at a passing rent of £105,000 per annum. The tenant is CVS (UK) Limited.
The lease is subject to an open market upward only rent review on 11 November 2029 and 11 November 2034.
There is a tenant break option 10 November 2034. The lease is drawn on full repairing & insuring terms.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Tenure
Freehold
Property Subtype
Vet Surgery / Kennel
Property Size
7,512 sq ft
Costar Property Class
C
Year Built
2000
Price
£1,583,000
Price per sq ft
£210.73
Yield
6.25%
NOI
£98,938
Tenancy
Single
Number of Floors
2
Plot ratio
0.04
Total Plot Size
4.13 ac
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Culverlands | Botley Rd
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