213 Harwich Road
Colchester
Essex
CO4 3DF

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
    14/Feb/2018
  • Rent
    £40,560 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Medical/Healthcare
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 213 Harwich Road<br>Colchester<br>Essex<br>CO4 3DF
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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.

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.

Bidder's Legal Report

For the ease and convenience of prospective buyers,to speed up the process of investigating a possible purchase and to minimise the legal costs an independent legal title report is advisable. For more information, please click here.

Tenancy & Accomodation

FloorAccommodationTenantTermRent p.a.xReviews
GroundFour 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
£40,560CPI 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
    496 KB
    View PDF
  • Site Plan
    Updated Date
    23.01.18
    File Size
    794 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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