1 Nether End
Great Dalby
near Melton Mowbray
Leicestershire
LE14 2EY

Freehold Housing Association Let Care Home Investment

  • Recently let on new 25 year FRI lease from July 2017 (no breaks)
  • Entirely let to Falcon Housing Association CIC, a social housing provider registered with Homes England (formerly The Homes & Community Agency), which receives its funding directly from local authorities
  • Annual CPI-linked Rent Reviews
  • Recently refurbished large care home in picturesque village
  • VAT-free investment
  • Lot
    35
  • Auction
    24/May/2018
  • Rent
    £93,500 per Annum
  • Status
    Available
  • Price*
    £1,600,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
Important Property Update
  • 1 Nether End<br>Great Dalby<br>near Melton Mowbray<br>Leicestershire<br>LE14 2EY
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Property Information

Location
Miles
3 miles south of Melton Mowbray, 12 miles north-east of Leicester
Roads
A606, A607
Rail
Melton Mowbray Railway Station
Air
Birmingham Airport, East Midlands Airport
Situation

Great Dalby is a picturesque village located some 3 miles south of Melton Mowbray. The property is situated on the western side of Nether End, at its junction with Main Street. Great Dalby provides local amenities including a village pub and a local primary school.

Tenure

Freehold.

Description

The property comprises a large detached recently refurbished specialist supported living care home with 6 bedrooms (3 en-suite bathrooms), dining hall, kitchen, lounge, utility room, conservatory, 2 bathrooms, a self-contained ground floor flat (1 bedroom, kitchen/dining/living room, shower room) and a chalet bungalow to the rear (2 bedrooms, kitchen/living/dining rooms, shower room). The property benefits from a large garden to the rear and parking for several cars. The property has a total site area of about 0.9 acres.

VAT

VAT is not applicable to this lot.

Viewings

There will be one block viewing date for this property. Please contact George Watkins E: george.watkins@acuitus.co.uk

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

UseRoomsTenantTermRent p.a.x. Future Reviews
House
Flat
Bungalow
6 bedrooms
1 bedroom
2 bedrooms
FALCON
HOUSING
ASSOCIATION
CIC (1)
25 years from
12/07/2017 until
11/07/2042 on a full repairing and
insuring lease
£93,500 (2)CPI linked review on
12/07/2018 and annually thereafter
Total
£93,500 (2) 

(1) Falcon Housing Association CIC are a social housing provider, who work closely with local authorities, property developers and care providers to provide high quality housing and tailored support to tenants (Source: www.falconha.org 20/04/2018).
(2) This number is an estimate of the rent from the day of completion (the current rent is £91,260 per annum), based on the current CPI Indexation figure of 2.5% for March 2018, and is for informational purposes only. The rent will be reviewed on 12th July 2018 to the higher of the existing rent and the rent increased in accordance with the annual increase in CPI (the increase being calculated by reference to the CPI for the month before the rent review versus the CPI for the month in the year prior). However, the Vendor has agreed to adjust the completion monies as though this review took place on the basis of a 2.5% increase from the current rent.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    18.05.18
    File Size
    28 MB
    Login to View
  • Site Plan
    Updated Date
    02.05.18
    File Size
    926 KB
    View PDF
  • Catalogue Page
    Updated Date
    02.05.18
    File Size
    2 MB
    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 1 Finsbury Circus
London
EC2M 7SH
Tabitha Jones 020 7329 4422tabitha.jones@shlegal.com

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