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
  • VAT free investment
  • Lot
    24
  • Auction
    23/Sep/2020
  • Rent
    £39,520 per Annum Exclusive
  • Status
    Available
  • Price*
    Contact Us
  • Sector
    Residential
  • Auction Venue
    Live Streamed Auction
  • 41 Staindale Drive<br>Nottingham<br>Nottinghamshire<br>NG8 5FU
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* 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

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReviews/
(Reversion)
Ground
and First
4 bedroomhouse
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
£39,520Annually 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.

Property Documents

  • Solicitors Legal Pack
    Updated Date
    10.09.20
    File Size
    18 MB
    Login to View
  • Catalogue Page
    Updated Date
    02.09.20
    File Size
    784 KB
    View PDF
  • Site Plan
    Updated Date
    02.09.20
    File Size
    762 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
Howes Percival Solicitors Bell House, First Floor, Seebeck Place, Knowlhill
Central Milton Keynes
Buckinghamshire
MK5 8FR
Lisa Mantle 01908 247 587lisa.mantle@howespercival.com

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