83 Hurlingham Road Walton Liverpool Merseyside L4 9SP

  • 83 Hurlingham Road<br>Walton<br>Liverpool<br>Merseyside<br>L4 9SP

83 Hurlingham Road
Walton
Liverpool
Merseyside
L4 9SP

Freehold Care Home Investment

  • Let to Progress Housing Association Limited – a social housing provider registered with Homes England, which receives its funding from Local Authorities
  • Lease expires August 2024
  • Uncapped Annual RPI Rent Reviews
  • Located in a predominantly residential location close to Asda Superstore and Walton town centre
  • VAT-free Investment
  • Lot
    62
  • Auction
    11th July 2018
  • Rent
    £18,996 per Annum
  • Status
    Sold Prior
  • Price
     
  • Auction Venue
    The Radisson Blu Portman Hotel
    22 Portman Square
    London W1H 7BG
  • On Behalf of Trustees
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Freehold Care Home Investment

  • Let to Progress Housing Association Limited – a social housing provider registered with Homes England, which receives its funding from Local Authorities
  • Lease expires August 2024
  • Uncapped Annual RPI Rent Reviews
  • Located in a predominantly residential location close to Asda Superstore and Walton town centre
  • VAT-free Investment
  • Lot 62
  • Auction 11th July 2018
  • Rent £18,996 per Annum
  • 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
0.6 miles north-east of Walton town centre, 3 miles north-east of Liverpool city centre
Roads
A59, A580, M57 (junction 4)
Rail
Walton Railway Station
Air
Liverpool John Lennon Airport
Situation

The property is situated in a predominantly residential area on Hurlingham Road, at its junction with Grandison Road, some 0.6 miles north-east of Walton town centre. Asda Superstore is located nearby, with other local amenities including B&M Home Store and Lloyds Pharmacy just a short walk away.

Tenure

Freehold.

Location
Miles
0.6 miles north-east of Walton town centre, 3 miles north-east of Liverpool city centre
Roads
A59, A580, M57 (junction 4)
Rail
Walton Railway Station
Air
Liverpool John Lennon Airport
Situation

The property is situated in a predominantly residential area on Hurlingham Road, at its junction with Grandison Road, some 0.6 miles north-east of Walton town centre. Asda Superstore is located nearby, with other local amenities including B&M Home Store and Lloyds Pharmacy just a short walk away.

Tenure

Freehold.

Description

The property comprises a semi-detached care home arranged over ground and first floors. 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 semi-detached care home arranged over ground and first floors. 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.

Tenancy & Accommodation

Floor Accommodation Tenant Term Rent p.a.x Reviews
Ground/First 4 bedrooms,
2 reception rooms,
kitchen/dining
room,
2 bathrooms
PROGRESS
HOUSING
ASSOCIATION
LIMITED (1)
20 years from 25/08/2004 until
24/08/2024 on a full repairing
and insuring lease
£18,996.36 Uncapped RPI linked
rent reviews on
25/08/2018 and
annually thereafter
Total
    £18,996.36  

(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 by Progress Care Housing Association Limited serving notice confirming that the property is and has been vacant for a period of more than three months. The option to purchase expires if it has not been exercised by 24th May 2024. The option to purchase would be the greater of OMV or £181,518.

Contacts

Acuitus
David MargolisDavid Margolis +44 (0)20 7034 4862 +44 (0)7930 484 440david.margolis@acuitus.co.uk
Seller's Solicitors
Gateley Plc Park View House, 58 The Ropewalk
Nottingham
NG1 5DW
Kim Grundstrom 0115 983 8229kim.grundstrom@gateleylegal.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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