17 Landsdown Drive
Northampton
Northamptonshire
NN3 3ED

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
    14/Feb/2018
  • Rent
    £40,560 per Annum Exclusive
  • Status
    Sold
  • Price*
    £735,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 17 Landsdown Drive<br>Northampton<br>Northamptonshire<br>NN3 3ED
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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.

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

FloorAccommodationTenantTermRent p.a.xReviews
Ground/FirstFive 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
£40,560CPI 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.

Property Documents

  • Catalogue Page
    Updated Date
    23.01.18
    File Size
    487 KB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    781 KB
    View PDF
  • Common Auction conditions
    Updated Date
    27.03.17
    File Size
    124 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
George WatkinsGeorge Watkins +44 (0)20 7034 4861george.watkins@acuitus.co.uk
Seller's Solicitors
Stephenson Harwood LLP
Edward Irving 020 7809 2932edward.irving@shlegal.com

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