FOR SALE

FREEHOLD VET PRACTICE WITH UPPER PARTS

8 & 10 NORWOOD ROAD HERNE HILL LONDON SE24 9BH A10 A414 Bovingdon A1(M) Chipping Ongar Kings Langley M25 Cheshunt Epping

Potters Bar HERTFORDSHIRE Waltham Abbey M25 M1 ESSEX Radlett Theydon Bois Enfield Lock Hadley Wood A1 ENFIELD A10 Loughton Cockfosters A41 M11 Barnet Enfield Watford A12 M25 Winchmore Hill Oxhey Chingford Borehamwood Chigwell Palmers Green Brentwood Rickmansworth Bushey Buckhurst Hill Grange Hill Friern Barnet Edmonton Hainault Stanmore Edgware BARNET Harold Hill Mill Hill A406 Highams Park Chelfont Hale End St Peter Colindale HARINGEY Finchley Higham Woodford REDBRIDGE Collier Row HARROW Wood Green Tottenham Hill Gidea Park Northwood Queensbury Clayhall Wealdstone Hendon Muswell A12 Romford East Hill Hornsey WALTHAM Finchley FOREST Walthamstow Barkingside A127 Crouch End Chadwell Harrow Kingsbury Gants Hill Gerrards Cross Kenton Newbury Heath Hornchurch Golders A12 Upminster Highgate Upper Clapton Park Pinner Green Stoke Newington HAVERING Ruislip Harrow BRENT Leytonstone on the Hill A406 Leyton Goodmayes HILLINGDON A1 Highbury HACKNEY Ilford Becontree Elm Park Sudbury Neasden M40 Hampstead Kentish Lower Forest BARKING & ISLINGTON Town A10 Clapton Gate DAGENHAM Wembley Cricklewood A41 Canonbury Northolt Willesden Hackney Stratford Camden Town Upton Barking Dagenham Uxbridge Kensal Green Kilburn Islington 8 & 10 NORWOOD ROAD A13 TOWER NEWHAM A40 CAMDEN Bow East Ham Iver Hillingdon Perivale Maida Vale St John’s Shoreditch HAMLETS HERNE HILL | LONDON Rainham Heath Wood Plaistow M25 Yeading Stepney South Greenford Marylebone CITY OF Limehouse Beckton Ockendon Hayes Strand LONDON Notting Hill CITY OF Poplar LONDON Southall Thamesmead M25 EALING WESTMINSTER Rotherhithe CITY AIRPORT A312 Acton Shepherd’s INVESTMENT SUMMARY Ealing Bush Westminster Bermondsey Isle of Deptford Dogs Woolwich Hammersmith KENSINGTON A102 Plumstead • Attractive veterinary practice investment opportunity & CHELSEA SOUTHWARK Charlton Purfleet Chiswick A4 Erith Grays M4 Brentford Vauxhall Greenwich • Situated in the affluent South London suburb of Herne Hill HAMMERSMITH Independent Vetcare Limited Barnes & FULHAM Kennington GREENWICH • Income securedM4 against the covenant of Heston A4 BEXLEY HOUNSLOW Fulham Battersea A2 East Blackheath Wickham • New lease for a term expiring 20th March 2036 Kew Camberwell HEATHROW Hounslow Isleworth A2 • Modest rent of £17,100 per annum offering low base for future rental growth LAMBETH Lewisham Putney Wandsworth A2 Dartford A205 Brixton Peckham Bexleyheath • Freehold A30 A3 LEWISHAM St Margarets Richmond Clapham £260,000 Whitton WANDSWORTH Eltham • Offers in excess of which reflectsFeltham an attractive yield of HERNE Dulwich 6.42% RICHMOND UPON THAMES HILL A205 after the deduction of usual purchasers costs of 2.46% A214 Tulse Hill A316 Ham Forest Hill A30 Twickenham Catford A2 Sidcup Egham Staines Streatham Teddington New Malden Crystal Penge A308 Wimbledon A24 Palace A20 Hampton Kingston A3 Chislehurst A308 upon Thames MERTON Upper Norwood A23 Raynes Park Beckenham Swanley Sunbury East KINGSTON Bromley Virginia Water Molesey Mitcham Thornton UPON THAMES Morden Petts Wood M3 Heath Surbiton Chertsey A309 West Wickham Eynsford Worcester Park Hayes BROMLEY Orpington Walton-on- A24 Croydon A232 Thames Carshalton Esher Cheam Keston Sutton Chobham Weybridge New Addington M25 Claygate Chessington A21 M20 EwellLOCATIONSUTTON A23 CROYDON A243 Shoreham A3 Downe Herne Hill is a busy and affluent suburb that overlaps the boundaries of the South Oxshott Epsom Purley M25 Cobham London boroughs of Lambeth and Southwark. KENT A24 A240 Kenley Stoke D’Abernon Located approx. 4 miles (6km) south of Central London, 5 miles (8 km) northBiggin Hill Woking Ashtead Banstead Warlingham A3 of Croydon, 1.5 miles (2.5 km) southCoulsdon east of Brixton and 1.5 miles (2.5 km) west M26 Ripley Burghof Heath Dulwich. A22

Tadworth A217 SURREY Leatherhead Excellent road communications with the A205 South Circular Road Sevenoaks M25 approximately quarter of a mile to the southCaterham and the A23 Arterial Route East Horsley Fetcham Kingswood approximately 1 mile to the west. M25 Westerham West Clandon Walton on the Hill Merstham Oxted Rail connections from Herne Hill and Tulse Hill to London Victoria, London A21 Guildford Dorking BridgeReigate and LondonRedhill St Pancras InternationalBletchingley with fastestGodstone journey times of approximately 10 minutes, 19 minutes and 21 minutes respectively. For indicative purposes only. 8 & 10 NORWOOD ROAD HERNE HILL | LONDON

SITUATION Situated on the western side of the A215 Norwood Road which links directly with the A205 South Circular Road. The surrounding area is predominantly residential with the neighbouring units providing the only other retail occupiers in the immediate vicinity. Brockwell Park is situated just to the north with entrances close by on both Norwood Road and Brockwell Park Gardens. NORWOOD ROAD DESCRIPTION The property forms part of a traditional retail parade and comprises two inter-connected retail units which have been amalgamated and extended to the rear to create a veterinary practice on the ground floor. Above are four self-contained 2 bedroom flats arranged over first and second floors. The flats are accessed from two separate ground floor entrances and have been sold off on long leases. ACCOMMODATION The property provides the following net internal areas: Description Use Area (sq m) Area (sq ft) Ground Floor Veterinary Surgery 126.05 1,357 Ground Floor Out-building 11.62 125 TOTAL 137.57 1,482

The 4 residential flats have not been measured. TENURE The property is held freehold. 8 & 10 NORWOOD ROAD HERNE HILL | LONDON

TENANCY The property is let on FRI terms to Independent Vetcare Limited for a term of fifteen years commencing 21st March 2021 and expiring 20th March 2036 at rent of £17,000 per annum. The lease incorporates 5 yearly upward and downward rent reviews and 3 yearly tenant only breaks. There is an additional £100 per annum of ground rents received from the long leaseholder of one of the flats meaning the total income received is£17,100 per annum. The tenants of the four flats contribute a fair proportion of the costs of maintaining the building and common areas. COVENANT INFORMATION Independent Vetcare Limited are part of the IVC Evidensia network, Europe’s leading veterinary care provider with 982 vet care practices/hospitals throughout the UK.

Further information can be found on the company’s website: VAT We understand that the property is elected for VAT and therefore VAT will be payable on the purchase price. It is envisaged that the sale will be dealt with as a Transfer of a Going Concern (TOGC). EPC The property has a rating level of C. A copy of the certificate is available on request. ANTI MONEY LAUNDERING In accordance with the AML regulations , the successful purchaser will be required to satisfy the vendor on the source of the funds used to acquire the property. 8 & 10 NORWOOD ROAD HERNE HILL | LONDON

PROPOSAL FURTHER INFORMATION

We are instructed to seek offers in excess of £260,000 for our clients Andy King Alasdair Munn interests subject to contract and exclusive of VAT which based on the total [email protected] [email protected] rental income of £17,100 per annum would show a purchaser a net initial Tel: 07740 476 184 Tel: 07774 415 880 yield of 6.42%, after a deduction of normal purchaser’s costs of 2.46%.

Ryden is a limited liability partnership registered in Scotland. Messrs Ryden for themselves and for vendors or lessors of this property whose agents they are give notice that: (i) the particulars are set out as a general outline only for the guidance of intended purchasers or lessees, and do not constitute, nor constitute part of, an offer or contract; (ii) all descriptions, dimensions, reference to condition and necessary permissions for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; (iii) no person in the employment of Messrs Ryden has any authority to make or give any representation or warranty whatever in relation to this property. Date: March 2021