Let to Inclusion Housing Community Interest Company until 2042 (no breaks)
Annual rental increases in line with Consumer Price Index from April 2021
Held in a Single Purpose Vehicle (SPV) available under separate negotiation
Lot 37
Auction 26th March 2020
Rent £39,520 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Medical/Healthcare
Auction Venue The Montcalm Hotel 2 Wallenberg Place Marble Arch London W1H 7TN
Property Information
Location
Miles
2 miles north-west of Nottingham city centre
29 miles north of Leicester
38 miles south-east of Sheffield
Roads
A610, A52, M1
Rail
Nottingham Railway Station, Bulwell Railway Station
Air
East Midlands Airport
Situation
The property is situated in a predominantly residential suburb some 1.5 miles south-west of Nottingham University Hospital. Nearby occupiers include Greggs, Esso petrol station, Halfords and Domino's Pizza.
Tenure
Freehold.
Location
Miles
2 miles north-west of Nottingham city centre
29 miles north of Leicester
38 miles south-east of Sheffield
Roads
A610, A52, M1
Rail
Nottingham Railway Station, Bulwell Railway Station
Air
East Midlands Airport
Situation
The property is situated in a predominantly residential suburb some 1.5 miles south-west of Nottingham University Hospital. Nearby occupiers include Greggs, Esso petrol station, Halfords and Domino's Pizza.
Tenure
Freehold.
Description
The property is a substantial specialist supported living care home comprising 4 bedrooms. The property benefits from a garden at the rear and off-street parking at the front.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See legal pack at acuitus.co.uk
Description
The property is a substantial specialist supported living care home comprising 4 bedrooms. The property benefits from a garden at the rear and off-street parking at the front.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
See legal pack at acuitus.co.uk
Tenancy & Accommodation
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x.
Reviews/ (Reversion)
Ground and First
4 bedroom house
105.20 sq m
(1,132 sq ft)
INCLUSION HOUSING COMMUNITY INTEREST COMPANY (1)
25 years from 31/01/2020 on a full repairing and insuring lease
£39,520
Annually from April 2021. Linked to CPI (2) (30/01/2045)
Total
105.20 sq m
(1,132 sq ft)
£39,520
(1) Inclusion Housing Community Interest Company (CRN 061 69583) was incorporated in March 2007 and, for the year ending 31st March 2019, reported a turnover of £28,287,000, pre-tax profits of £1,882,000 and a total net worth of £4,269,000 (Source: Experian Group 14/01/2020). (2) The lease provides for annual Consumer Price Index (CPI) linked rent reviews with the first on the first Monday in April 2021.
If you are the successful bidder, Acuitus requires a separate payment of £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.