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 30
Auction 14th February 2018
Rent £40,560 per Annum Exclusive
Status Withdrawn Post
Price
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 30
Auction 14th February 2018
Rent £40,560 per Annum Exclusive
Status Withdrawn Post
Price
Sector Medical Centre/Doctors, Healthcare
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Property Information
Location
Miles
1 mile north-east of Colchester town centre, 45 miles south-east of Cambridge, 55 miles north-east of London
Roads
A12, A134, A1124
Rail
Colchester Town and Hythe
Situation
Colchester is an historic market town with a population of over 12,000 and with good road communications to London via the A12. The property is situated in a predominantly residential area on the southern side of Harwich Road (A137), close to its junction with Goring Road and approximately two miles north-east of Colchester town centre. There is a Tesco Superstore nearby on Greenstead Road.
Tenure
Freehold.
Location
Miles
1 mile north-east of Colchester town centre, 45 miles south-east of Cambridge, 55 miles north-east of London
Roads
A12, A134, A1124
Rail
Colchester Town and Hythe
Situation
Colchester is an historic market town with a population of over 12,000 and with good road communications to London via the A12. The property is situated in a predominantly residential area on the southern side of Harwich Road (A137), close to its junction with Goring Road and approximately two miles north-east of Colchester town centre. There is a Tesco Superstore nearby on Greenstead Road.
Tenure
Freehold.
Description
The property comprises a detached bungalow comprising a modern recently refurbished care home (C2/C3 use) with four bedrooms, kitchen, bathroom and reception room.
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 comprising a modern recently refurbished care home (C2/C3 use) with four bedrooms, kitchen, bathroom and reception room.
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
Four bedrooms, kitchen, bathroom and reception 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.
