Guide price
£825,000
Office for saleThe Woolpack Veterinary Surgery, Buntingford Bypass, Buntingford, Hertfordshire SG9
Auction
Freehold
About this property
For sale by auction 29th October 2026 at 12:00 £825,000 plus
freehold commercial investment currently producing £76,000 P.A with future development potential
Location & Description
The subject is situated on the eastern side of the A10, at the junction with Baldock Road (A507), between Stevenage to the west and Bishop's Stortford and London Stanstead Airport to the east. There are convenient and direct connections to the A1(M), M11 and M25 for servicing.
Let on a 15 year lease from 22nd August 2011, expiring 21st August 2026. The passing rent totals £76,000 per annum exclusive. The lease is contracted inside the security of tenure provisions of the Landlord & Tenant Act 1954 Part II. The tenant has served a Section 26 notice, which is available to view in the legal documents.
The property is elected for VAT and therefore VAT will be payable on the purchase price.
Accommodation
The Site comprises the following:
Building Gross Internal Area: - 3,218 Sq Ft (299 Sq M)
Gross External Area: - 20,131 Sq Ft (1,871 Sq M) - The surrounding site provides parking for approximately 38 cars.
Total = 23,349 Sq Ft (2,169 Sq M)
The existing building on site is equal to a conservative 14.3% coverage.
Potential for future development, subject to obtaining the necessary planning consents.
Tenancy Details
cvs (UK) Limited is incorporated in 1999 and operates the UK veterinary business of cvs Group plc. Cvs Group plc is the parent company, with cvs (UK) Limited described as its immediate subsidiary.
For the year end 30 June 2025, cvs (UK) Limited reported:
Turnover: £464.9m, up from £450.3m
Operating profit: £22.3m
Profit before tax: £58.2m
Net profit: £52.0m
Cash: £8.0m
Covenant Assessment
From a landlord, lender or property-investment perspective, the covenant is very strong, supporting factors being:
* Long established business cvs (UK) Limited has been incorporated since 1999.
* Impressive turnover - generating almost £465m in 2025.
* Improving financial performance turnover increasing in 2025, by over £14m against 2024 including a £58.2m pre-tax profit.
* Significantly improved net assets £138.9m at June 2025, up 62% year-on-year.
* Strong parent/group backing sits within cvs Group plc, a listed veterinary services group.
* Comfortable banking leverage group bank-test leverage of 1.18x versus a 3.25x covenant.
* External credit evidence is strong Creditsafe score of 93/100 / International Score A (Very Low Risk), reported in 2026.
Note
Auction Surveyor: Michael Mercer & Sean Crowhurst or
EPC Rating
EPC = B
freehold commercial investment currently producing £76,000 P.A with future development potential
Location & Description
The subject is situated on the eastern side of the A10, at the junction with Baldock Road (A507), between Stevenage to the west and Bishop's Stortford and London Stanstead Airport to the east. There are convenient and direct connections to the A1(M), M11 and M25 for servicing.
Let on a 15 year lease from 22nd August 2011, expiring 21st August 2026. The passing rent totals £76,000 per annum exclusive. The lease is contracted inside the security of tenure provisions of the Landlord & Tenant Act 1954 Part II. The tenant has served a Section 26 notice, which is available to view in the legal documents.
The property is elected for VAT and therefore VAT will be payable on the purchase price.
Accommodation
The Site comprises the following:
Building Gross Internal Area: - 3,218 Sq Ft (299 Sq M)
Gross External Area: - 20,131 Sq Ft (1,871 Sq M) - The surrounding site provides parking for approximately 38 cars.
Total = 23,349 Sq Ft (2,169 Sq M)
The existing building on site is equal to a conservative 14.3% coverage.
Potential for future development, subject to obtaining the necessary planning consents.
Tenancy Details
cvs (UK) Limited is incorporated in 1999 and operates the UK veterinary business of cvs Group plc. Cvs Group plc is the parent company, with cvs (UK) Limited described as its immediate subsidiary.
For the year end 30 June 2025, cvs (UK) Limited reported:
Turnover: £464.9m, up from £450.3m
Operating profit: £22.3m
Profit before tax: £58.2m
Net profit: £52.0m
Cash: £8.0m
Covenant Assessment
From a landlord, lender or property-investment perspective, the covenant is very strong, supporting factors being:
* Long established business cvs (UK) Limited has been incorporated since 1999.
* Impressive turnover - generating almost £465m in 2025.
* Improving financial performance turnover increasing in 2025, by over £14m against 2024 including a £58.2m pre-tax profit.
* Significantly improved net assets £138.9m at June 2025, up 62% year-on-year.
* Strong parent/group backing sits within cvs Group plc, a listed veterinary services group.
* Comfortable banking leverage group bank-test leverage of 1.18x versus a 3.25x covenant.
* External credit evidence is strong Creditsafe score of 93/100 / International Score A (Very Low Risk), reported in 2026.
Note
Auction Surveyor: Michael Mercer & Sean Crowhurst or
EPC Rating
EPC = B
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