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 23rd September 2020
Rent £39,520 per Annum Exclusive
Status Withdrawn Post
Price
Sector Residential
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
Reviews/ (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
£39,520
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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
