41 Staindale Drive
Nottingham
Nottinghamshire
NG8 5FU

Freehold Supported Living Investment

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
21
Auction
09/Jul/2020
Rent
£39,520 per Annum Exclusive
Status
Available
Price*
£600,000 - £625,000
Sector
Medical/Healthcare
Auction Venue
Live Streamed Auction

Expand
Photos
Map

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

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.

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

Band C. See legal pack.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reversion/ (Reversion)
Ground and First	4 bedroom house	105.20 sq m	(1,132 sq ft)	INCLUSION HOUSING COMMUNITY INTEREST COMPANY (1)	22 years from 31/01/2020 on a full repairing and insuring lease	£39,520	Annually from April 2021. Linked to CPI (2) (30/01/2042)
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 £1,000 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.