192 / 194 Whitehall Rd Leeds West Yorkshire LS12 4AR
192 / 194 Whitehall Rd Leeds West Yorkshire LS12 4AR
Freehold Care Home Investment
Let to Progress Housing Association Limited (on two leases) – a social housing provider registered with Homes England, which receives its funding from Local Authorities
Each lease expires in January 2028
Uncapped Annual RPI Rent Reviews
Located in a predominantly residential area close to Elland Road Football Stadium
VAT-free Investment
Lot 49
Auction 11th July 2018
Rent £38,708 per Annum Exclusive
Status Sold Prior
Price
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
Let to Progress Housing Association Limited (on two leases) – a social housing provider registered with Homes England, which receives its funding from Local Authorities
Each lease expires in January 2028
Uncapped Annual RPI Rent Reviews
Located in a predominantly residential area close to Elland Road Football Stadium
VAT-free Investment
Lot 49
Auction 11th July 2018
Rent £38,708 per Annum Exclusive
Status Sold Prior
Price
Sector Medical Centre/Doctors, Healthcare
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On Behalf of Trustees
Property Information
Location
Miles
2 miles south-west of Leeds city centre, 29 miles north of Sheffield
Roads
A643, A6110, M621 (Junction 1)
Rail
Cottingley Railway Station
Air
Leeds/Bradford Airport
Situation
The property is situated in a predominantly residential area some 2 miles south-west of Leeds city centre. Elland Road Football Stadium, the home of Leeds United FC, is just a short walk away.
Tenure
Freehold.
Location
Miles
2 miles south-west of Leeds city centre, 29 miles north of Sheffield
Roads
A643, A6110, M621 (Junction 1)
Rail
Cottingley Railway Station
Air
Leeds/Bradford Airport
Situation
The property is situated in a predominantly residential area some 2 miles south-west of Leeds city centre. Elland Road Football Stadium, the home of Leeds United FC, is just a short walk away.
Tenure
Freehold.
Description
The property comprises two semi-detached care homes (with no shared access) each arranged over the ground and first floors. Each property benefits from a garage to the rear.
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 two semi-detached care homes (with no shared access) each arranged over the ground and first floors. Each property benefits from a garage to the rear.
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 28/01/2008 until 27/01/2028 on a full repairing and insuring lease
£20,825.64
Uncapped RPI linked rent reviews on 28/01/2019 and annually thereafter
Total
£38,708.88
(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: Each property is subject to an option to purchase in favour of Progress Care Housing Association Limited. Each option can be exercised at any time during the term of each lease on three months’ notice. Each option to purchase expires if they have not been exercised three months from the date in which each lease expires. The option to purchase 192 Whitehall Road would be the greater of OMV or £138,000. The option to purchase 194 Whitehall Road would be the greater of OMV or £167,500.
