11 Woodside Avenue
Dersingham
Kings Lynn
Norfolk
PE31 6QE

Freehold Assisted Living Investment

  • Let to Dedicated Housing Limited until 2045 (no breaks)
  • Annual rental increases in line with Consumer Price Index
  • Nearby occupiers include Co-op Food, Spar and Boots
  • Lot
    33
  • Auction
    21/May/2020
  • Rent
    £71,760 per Annum Exclusive
  • Status
    Withdrawn Post
  • Price*
     
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
Important Auction & Property Update
  • 11 Woodside Avenue<br>Dersingham<br>Kings Lynn<br>Norfolk<br>PE31 6QE
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* More information on the term "price" can be found here

Property Information

Location
Miles
33 miles north-east of Peterborough
43 miles north of Cambridge
Roads
A10, A47, A149
Rail
King's Lynn Railway Station
Air
London Stansted
Situation

The property is situated in a predominantly residential suburb approximately 7 miles north-east of King's Lynn Town Centre. Nearby occupiers include Co-op Food, Spar and Boots.

Tenure

Freehold.

Description

The property is a substantial specialist supported living home arranged over ground and first floors, comprising 6 bedrooms. The property benefits from a garden at the rear and a double garage and off-street parking at the front.

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

Avalable from the legal pack at acuitus.co.uk

Tenancy & Accommodation

FloorUseFloor Areas (Approx)TenantTermRent p.a.xReviews/
(Reversion)
Ground and
First
6 Bedroom
House
177 sq m
(1,905 sq ft)
DEDICATED
HOUSING
LIMITED (1)
25 years from
06/01/2020 on a full
repairing and
insuring lease
£71,760Annually
Linked to CPI
(2)
(05/01/2045)
Total
177 sq m
(1,905 sq ft)
  £71,760 

(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 £1,000 inclusive of VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Due to the current restrictions in movement throughout the UK, the property may not have been inspected by Acuitus. Some photographs may not be current and these will be dated where this is the case. Plans showing nearby occupiers and mention of nearby occupiers may reflect a dated situation as some tenants are not currently in occupation. Floor areas and accommodation details are likely to have been obtained from VOA.Gov.UK and the Vendor.

Property Documents

  • Catalogue Page
    Updated Date
    01.05.20
    File Size
    429 KB
    View PDF
  • Site Plan
    Updated Date
    01.05.20
    File Size
    149 KB
    View PDF
  • Common Auction conditions
    Updated Date
    01.07.20
    File Size
    277 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF
  • Money Laundering Regs
    Updated Date
    15.09.20
    File Size
    57 KB
    View PDF
  • Customer Due Dilligence Form
    Updated Date
    20.05.20
    File Size
    585 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
Browne Jacobson No.1 Spinningfields, 1 Hardman Square, Spinningfields
Manchester
M3 3EB
Helen Taylor 0330 045 2761helen.e.taylor@brownejacobson.com

Useful Links

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