11 Victoria Road
Lytham St Annes
Lancashire
FY8 1LE

Freehold Care Home Investment

  • Let to Inclusion Housing Community Interest Company until 2040 (no breaks) with a landlord option to extend by 4 years
  • Annual rental increases in line with Consumer Price Index from April 2021
  • Held in a Single Purpose Vehicle (SPV) available under separate negotiation
  • Located in an affluent and attractive town
  • Lot
    40
  • Auction
    24/Oct/2019
  • Rent
    £43,264 per Annum Exclusive
  • Status
    Sold
  • Price*
    £730,000
  • Sector
    Medical/Healthcare
  • Auction Venue
    The Montcalm Hotel
    2 Wallenberg Place
    London W1H 7TN
  • 11 Victoria Road<br>Lytham St Annes<br>Lancashire<br>FY8 1LE
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  • Map

* More information on the term "price" can be found here

Property Information

Location
Miles
50 miles north-west of Manchester
14 miles west of Preston
Roads
A583, A584, M55 (Junction 4)
Rail
St Annes-on-Sea Railway Station
Air
Liverpool John Lennon Airport, Manchester Airport
Situation

St Annes is a popular and affluent Lancashire resort town famous for the Royal Lytham & St Annes Golf Club, a regular on the Open Championship rotation. The property is situated in a predominantly residential area some
0.5 miles from St Annes-on-the-Sea train station with a number of local amenities located nearby.

Tenure

Virtual Freehold. Held for a term of 999 years from 21/04/1898 as a fixed rent of £3.44 per annum exclusive

Description

The property is a substantial specialist supported living care home comprising 3 x one bedroom self-contained flats and
1 x two bedroom self-contained flat. The property benefits from a former garage building to the rear that has been converted into an administrative office.

VAT

VAT is not applicable to this lot.

EPC

Available from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/
(Reversion)
Ground
First
Second
Basement
Garage
2 x 1 bed flat
1 x 2 bed flat
1 x 1 bed flat
Cellar
Admin Office
75.06 sq m
55.80 sq m
40.54 sq m
26.16 sq m
39.96 sq m
(808 sq ft)
(600 sq ft)
(436 sq ft)
(281 sq ft)
(430 sq ft)
INCLUSION
HOUSING
COMMUNITY
INTEREST
COMPANY (1)
21 years from
2019 on a full
repairing and
insuring lease (2)
£43,264Annually from April 2021.
Linked to CPI (3) (2040)
Total
235.52 sq m
(2,524 sq ft)
  £43,264 

(1) Inclusion Housing Community Interest Company (CRN 061 69583) was incorporated in March 2007 and for the year ending 31st March 2018 reported a turnover of £21,609,310, pre-tax profits of £1,583,007 and a total net worth of £2,758,186 (Source: Experian Group 24/09/2019).
(2) The lease provides for a landlord only option to extend for 4 years.
(3) The lease provides for annual Consumer Price Index (CPI) linked rent reviews with the first on the first Monday in April 2021.

Property Documents

  • Catalogue Page
    Updated Date
    02.10.19
    File Size
    695 KB
    View PDF
  • Site Plan
    Updated Date
    02.10.19
    File Size
    943 KB
    View PDF
  • Common Auction conditions
    Updated Date
    19.09.19
    File Size
    150 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    19.09.19
    File Size
    36 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060519john.mehtab@acuitus.co.uk
Billy StruthBilly Struth +44 (0)20 7034 4854billy.struth@acuitus.co.uk
Seller's Solicitors
Howes Percival Solicitors Bell House, First Floor, Seebeck Place, Knowlhill
Central Milton Keynes
Buckinghamshire
MK5 8FR
Lisa Mantle 01908 247 587lisa.mantle@howespercival.com

Useful Links

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