The Ralph, Veterinary Hospital

Globe Park, Marlow, Buckinghamshire, SL7 1YG

Description

The property, formally an office/warehouse building has been converted to a veterinary hospital extending to 25,457 sq ft. The building is of steel frame construction with external elevations of brick, steel profile cladding and glazing.

Internally the building has been fitted out to the tenant’s specification, with a substantial veterinary approved fit out, including MRI and CAT scanning facilities. It offers the second largest referral ECC service in the UK alongside key clinical services such as Orthopaedics, Soft Tissue Surgery, Internal Medicine and Neurology & Neurosurgery amongst others. The hospital offers a primary care out-of-hours service to surrounding primary care practices.

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Attributes

Building area gross

2,365 m²

Occupancy

100%

WAULT

24.6 years

Asking price

CN¥58,067,000

Media

Investment Highlights

State of the Art Long Income Veterinary Hospital Investment Opportunity

The Ralph is a state of the art, newly refurbished multidisciplinary veterinary referral hospital
The Ralph Veterinary Centre Plc generated revenue of £19.4m in 2025, a 13.5% year-on-year increase, and continues to cement its reputation as a Centre of Excellence and Compassion
The building provides 25,457 sq ft of accommodation over ground and first floors (excluding tenant's mezzanine of 7,055 sq ft)
Located on the well-established Globe Park which is the premier mixed-use business park in Marlow
Single let to The Ralph Referral Veterinary Centre Plc on a full repairing and insuring lease for 30 years and 6 months from 25th March 2020 and expiring on 24th September 2050, reflecting an attractive unexpired lease term of 24.6 years
A passing rent of £532,885 per annum which reflects an overall rent of £20.93 psf
Five yearly RPI linked rent reviews, collared at 1% and capped at 4% per annum compounded annually
The site extends to 1.71 acres with a future development opportunity
Freehold

We are instructed to seek offers in excess £6,250,000 (Six Million, Two Hundred Fifty Thousand Pounds) subject to contract and exclusive of VAT, reflecting a Net Initial Yield of 8.00% (assuming purchaser’s costs of 6.63%).