41 Staindale Drive Nottingham Nottinghamshire NG8 5FU

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
    9th July 2020
  • Rent
    £39,520 per Annum Exclusive
  • Status
    Withdrawn Prior
  • Price
     
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
Important Update
  • Expand
  • Photos
  • Map

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

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 9th July 2020
  • Rent
  • Status Withdrawn Prior
  • Price  
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction

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

Band C. See legal pack.

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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.

Property Documents

  • Catalogue Page
    Updated Date
    22.06.20
    File Size
    784 KB
    View PDF
  • Site Plan
    Updated Date
    22.06.20
    File Size
    863 KB
    View PDF
  • Common Auction conditions
    Updated Date
    10.06.21
    File Size
    168 KB
    View PDF
  • Memorandum of Sale
    Updated Date
    27.03.17
    File Size
    27 KB
    View PDF

Contacts

Acuitus
John MehtabJohn Mehtab +44 (0)20 7034 4855 +44 (0)7899 060 519john.mehtab@acuitus.co.uk
Seller's Solicitors
Howes Percival Solicitors Bell House, First Floor, Seebeck Place, Knowlhill
Central Milton Keynes
Buckinghamshire
MK5 8FR
Lisa Mantle 01908 247 587lisa.mantle@howespercival.com

Useful Links

Acuitus Finance
Stuart BuchananStuart Buchanan +44 (0)20 7034 4850 +44 (0)7879 432868stuart.buchanan@acuitus.co.uk

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