Let to Homes Caring for Autism Limited until April 2033 (approximately 15 years unexpired – no breaks)
5 yearly uncapped RPI Rent Reviews
Purpose built care home with planning for both residential and residential care home use
Located in predominantly residential area
Popular and attractive Wiltshire county town
Lot 35
Auction 7th December 2017
Rent £80,520 per Annum Exclusive
Status Sold
Price £1,070,000
Sector Medical/Healthcare
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
8 miles south-east of Bath, 14 miles south-east of Chippenham, 25 miles south-east of Bristol
Roads
A36, A350, A361
Rail
Trowbridge Railway Station
Air
Bristol Airport
Situation
Trowbridge is an attractive town set in the Wiltshire countryside and benefitting from direct transport links to London, Bath and Bristol. The property is situated in a predominantly residential area and lies on the eastern side of Hilperton Road (A361), less than a mile north-east of Trowbridge town centre.
Tenure
Freehold.
Location
Miles
8 miles south-east of Bath, 14 miles south-east of Chippenham, 25 miles south-east of Bristol
Roads
A36, A350, A361
Rail
Trowbridge Railway Station
Air
Bristol Airport
Situation
Trowbridge is an attractive town set in the Wiltshire countryside and benefitting from direct transport links to London, Bath and Bristol. The property is situated in a predominantly residential area and lies on the eastern side of Hilperton Road (A361), less than a mile north-east of Trowbridge town centre.
Tenure
Freehold.
Description
The property comprises a modern purpose built care home with five en-suite bedrooms, with a large common room, a kitchen and garden to the rear.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a modern purpose built care home with five en-suite bedrooms, with a large common room, a kitchen and garden to the rear.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Accommodation
Tenant
Term
Rent p.a.x
Reviews
Ground/First
5 en-suite bedrooms, common room and kitchen
HOMES CARING FOR AUTISM LIMITED (1)
21 years and one day from 24/04/2012 until 24/04/2033 on a full repairing and insuring lease
£80,520
24/04/2022 (2) 24/04/2027 (2) 24/04/2032 (2)
Totals
£80,520
(1) Homes Caring for Autism Limited were founded in 2003 and operate services across Somerset, North Somerset and Wiltshire. The company has 10 residential facilities and offers a very high level of service working with local authorities and families to provide the best possible service to residents. For the year ending 31st May 2016, Homes Caring for Autism Limited reported a turnover of £9,564,048, pre-tax profits of £764,298 and a total net worth of £5,316,003 (Sources: www.homes-caring-for-autism.co.uk and Experian Group 24/10/2017). (2) The rent is reviewed to five yearly to compounded RPI (no cap or collar).
