Let to Newcare Housing Society (a Registered Charity)
20 year lease expiring April 2036 (no breaks)
RPI Rent Reviews increasing annually every April
Residential location close to local shopping facilities, various schools and Greenbank Train Station (5 minute walk)
VAT-free Charity-Let Investment
Lot 20
Auction 21st July 2021
Rent £11,531 per Annum
Status Sold
Price £155,000
Sector Medical/Healthcare
Auction Venue Live Streamed Auction
Property Information
Location
Miles
1 mile south-west of Northwich Town Centre
13 miles north of Crewe
22 miles south-west of Manchester
Roads
A49, A533, A556
Rail
Greenbank
Air
Manchester Airport
Situation
Northwich lies approximately 13 miles north of Crewe and 22 miles south-west of Manchester within the heart of Cheshire. Northwich benefits from good road communication links being close to the A556 and A49 arterial routes and within 6 miles of J10 of the M56 motorway. The property is situated on the north side of Marshall Lane, within a predominantly residential location and within 0.3 miles of Greenbank Train Station. Various Schools are located nearby and nearby occupiers include Tesco Express, Premier Express Convenience Store and various independent shops, cafe's and takeaways.
Tenure
Freehold.
Location
Miles
1 mile south-west of Northwich Town Centre
13 miles north of Crewe
22 miles south-west of Manchester
Roads
A49, A533, A556
Rail
Greenbank
Air
Manchester Airport
Situation
Northwich lies approximately 13 miles north of Crewe and 22 miles south-west of Manchester within the heart of Cheshire. Northwich benefits from good road communication links being close to the A556 and A49 arterial routes and within 6 miles of J10 of the M56 motorway. The property is situated on the north side of Marshall Lane, within a predominantly residential location and within 0.3 miles of Greenbank Train Station. Various Schools are located nearby and nearby occupiers include Tesco Express, Premier Express Convenience Store and various independent shops, cafe's and takeaways.
Tenure
Freehold.
Description
The property comprises an end of terrace two storey residential property arranged with an entrance hall, living room, dining room, kitchen , WC on the ground floor and a further reception room as an extension, with three bedrooms and a bathroom on the first floor. The property benefits from a driveway and paved garden to the front as well as a garage, and a garden to the rear.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
D. See legal pack at www.acuitus.co.uk.
Description
The property comprises an end of terrace two storey residential property arranged with an entrance hall, living room, dining room, kitchen , WC on the ground floor and a further reception room as an extension, with three bedrooms and a bathroom on the first floor. The property benefits from a driveway and paved garden to the front as well as a garage, and a garden to the rear.
20 years from 26/04/2016 until 25/04/2036 on a full repairing and insuring lease
£11,531.98
Annual RPI rent reviews capped at 4% pa
Total
96.20 sq m
(1,036 sq ft)
£11,531.98
(1) Newcare Housing Society (charity number CN1058240) were formally known as Newcare Foundation. The Charity was incorporated in 1991 and aims to promote the support of persons who require special care, education or training. The property is sublet to One2One Chershire Ltd who operate as a supported living provider.
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.
