Let to Dedicated Housing Limited until 2045 (no breaks)
Annual rental increases in line with Consumer Price Index
Nearby occupiers include Co-op Food and Texaco.
Lot 16
Auction 21st May 2020
Rent £19,760 per Annum Exclusive
Status Withdrawn Post
Price
Sector Medical/Healthcare
Auction Venue Live Streamed Auction
Property Information
Location
Miles
27 miles west of Exeter
35 miles north of Plymouth
Roads
A386, A30
Rail
Air
Exeter Airport
Situation
The property is situated in a predominantly residential suburb approximately 6 miles north of Okehampton. Nearby occupiers include Co-op Food and Texaco.
Tenure
Freehold.
Location
Miles
27 miles west of Exeter
35 miles north of Plymouth
Roads
A386, A30
Rail
Air
Exeter Airport
Situation
The property is situated in a predominantly residential suburb approximately 6 miles north of Okehampton. Nearby occupiers include Co-op Food and Texaco.
Tenure
Freehold.
Description
The property is a substantial specialist supported living home arranged over ground, first and seond floors, comprising 2 bedrooms.
VAT
VAT is not applicable to this lot.
Viewings
Please be mindful that the property is occupied by vulnerable persons. We ask that interested parties do not attempt to view the property without an appointment arranged by the auctioneers.
Completion Period
Six Week Completion
EPC
Available from the legal pack at acuitus.co.uk
Description
The property is a substantial specialist supported living home arranged over ground, first and seond floors, comprising 2 bedrooms.
VAT
VAT is not applicable to this lot.
Viewings
Please be mindful that the property is occupied by vulnerable persons. We ask that interested parties do not attempt to view the property without an appointment arranged by the auctioneers.
Completion Period
Six Week Completion
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 and Second
2 Bedroom House
87.00 sq m
(936 sq ft)
DEDICATED HOUSING LIMITED (1)
25 years from 06/01/2020 on a full repairing and insuring lease
£19,760
Annually Linked to CPI (2) (05/01/2045)
Total
87.00 sq m
(936 sq ft)
£19,760
(1) Dedicated Housing Limited (CRN 09053192) was incorporated on the 22nd May 2014 and is rated as "Very low risk" on SmartSearch, (Source: SmartSearch 24/04/2020). Dedicated Housing Limited, operating as Dedicated Housing, is a charity registered with the Charity Commission of England and Wales under number 1160249. (2) The lease provides for annual Consumer Price Index (CPI) linked rent reviews.
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.