Freehold Housing Association Let Care Home Investment
Recently let on new 35 year unbroken FRI lease from October 2017
Entirely let to Trinity Housing Association Limited – a social housing provider registered with The Homes & Community Agency, which receives its funding directly from local authorities
Annual CPI-linked Rent Reviews
Recently refurbished property
VAT-free property
Lot 12
Auction 14th February 2018
Rent £40,560 per Annum Exclusive
Status Sold
Price £735,000
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Freehold Housing Association Let Care Home Investment
Recently let on new 35 year unbroken FRI lease from October 2017
Entirely let to Trinity Housing Association Limited – a social housing provider registered with The Homes & Community Agency, which receives its funding directly from local authorities
Annual CPI-linked Rent Reviews
Recently refurbished property
VAT-free property
Lot 12
Auction 14th February 2018
Rent £40,560 per Annum Exclusive
Status Sold
Price £735,000
Sector Medical Centre/Doctors, Healthcare
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
2 miles from Northampton town centre, 17 miles north-west of Milton Keynes, 50 miles south-east of Birmingham
Roads
A43, A45, A428, A508, M1 (Junction 15)
Air
Birmingham International Airport
London Luton Airport
Situation
The property is situated on the northern side of Landsdown Drive, close to its junction with Ashley Way, in a predominantly residential area, approximately two miles north-east of Northampton town centre. The property benefits from good road communications, with the nearby A43 connecting to the A45, which provides access to the M1 at Junction 15. The property is close to a Tesco Extra Superstore at Weston Favell Shopping Centre and Riverside Retail Park, where occupiers include Next and Boots.
Tenure
Freehold.
Location
Miles
2 miles from Northampton town centre, 17 miles north-west of Milton Keynes, 50 miles south-east of Birmingham
Roads
A43, A45, A428, A508, M1 (Junction 15)
Air
Birmingham International Airport
London Luton Airport
Situation
The property is situated on the northern side of Landsdown Drive, close to its junction with Ashley Way, in a predominantly residential area, approximately two miles north-east of Northampton town centre. The property benefits from good road communications, with the nearby A43 connecting to the A45, which provides access to the M1 at Junction 15. The property is close to a Tesco Extra Superstore at Weston Favell Shopping Centre and Riverside Retail Park, where occupiers include Next and Boots.
Tenure
Freehold.
Description
The property comprises a detached bungalow providing a modern recently refurbished care home (C2/C3 use) with five bedrooms, bathroom, shower room, kitchen and reception room, with a garden to the rear.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a detached bungalow providing a modern recently refurbished care home (C2/C3 use) with five bedrooms, bathroom, shower room, kitchen and reception room, with a garden to the rear.
VAT
VAT is not applicable to this lot.
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
Five bedrooms, kitchen, living room, bathroom and shower room
TRINITY HOUSING ASSOCIATION LIMITED (1)
35 years from 18/10/2017 until 17/10/2052 on a full repairing and insuring lease
£40,560
CPI linked review in September 2018 and annually thereafter
Total
£40,560
(1) Trinity Housing Association Limited was founded in 2006 and is a non-profit registered provider of social housing registered with the Homes & Community Agency. The Homes & Community Agency regulate social housing providers in England and are an executive non-departmental public body sponsored by the Department for Communities and Local Government. Trinity Housing Association Limited provides bespoke accommodation that is designed to meet the needs of vulnerable adults, providing in excess of 800 tenancies across 10 different council areas. The property is sublet on AST's to individuals who are funded by Government grants.
