Let to Progress Housing Association Limited – a social housing provider registered with Homes England, which receives its funding from Local Authorities
Lease expires December 2028
Uncapped Annual RPI Rent Reviews
Located in a predominantly residential location close to Wetherby town centre
VAT-free Investment
Lot 32
Auction 11th July 2018
Rent £35,342 per Annum Exclusive
Status Sold Prior
Price
Sector Medical/Healthcare
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Let to Progress Housing Association Limited – a social housing provider registered with Homes England, which receives its funding from Local Authorities
Lease expires December 2028
Uncapped Annual RPI Rent Reviews
Located in a predominantly residential location close to Wetherby town centre
VAT-free Investment
Lot 32
Auction 11th July 2018
Rent £35,342 per Annum Exclusive
Status Sold Prior
Price
Sector Medical/Healthcare
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Trustees
Property Information
Location
Miles
1 mile north of Wetherby town centre, 13 miles north-east of Leeds city centre
Roads
A661, A1(M) (junction 46)
Air
Leeds/Bradford Airport
Situation
The property is situated in a predominantly residential area, approximately one mile north of Wetherby town centre. The property benefits from a number of local amenities including a nearby primary school and Co-op Food store.
Tenure
Freehold.
Location
Miles
1 mile north of Wetherby town centre, 13 miles north-east of Leeds city centre
Roads
A661, A1(M) (junction 46)
Air
Leeds/Bradford Airport
Situation
The property is situated in a predominantly residential area, approximately one mile north of Wetherby town centre. The property benefits from a number of local amenities including a nearby primary school and Co-op Food store.
Tenure
Freehold.
Description
The property comprises a detached care home arranged on the ground and first floor. The property benefits from off-street parking.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a detached care home arranged on the ground and first floor. The property benefits from off-street parking.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
20 years from 22/12/2008 until 21/12/2028 on a full repairing and insuring lease
£35,342.40
Uncapped RPI linked rent reviews on 22/12/2018 and annually thereafter
Total
£35,342.40
(1) Progress Housing Association Limited is a subsidiary of Progress Housing Group, one of the UK’s leading social housing providers, providing high quality housing solutions for individuals with a range of support needs. Progress Housing Association covers over 100 local authorities, providing more than 3,100 units of accommodation. For the year to 2017, Progress Housing Group reported a turnover of £74.5 million and net assets of £238 million (Source: www.progressgroup.org.uk - Report & Accounts - 11/06/2018).
NB: The Property is subject to an option to purchase in favour of Progress Care Housing Association Limited. The option can be exercised at any time during the term of the lease on three months’ notice. The option to purchase expires if it has not been exercised three months from the date on which the lease expires. The option to purchase would be the greater of OMV or £295,000.
