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 24th October 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
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
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
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
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/ (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
21 years from 2019 on a full repairing and insuring lease (2)
£43,264
Annually 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.
