Daneholme
Wimblington Road
March
Cambridgeshire
PE15 0YA

Freehold Long Let Supported Living Investment with RPI Rent Reviews

  • Let to Juventas Services Limited, a Supported Living Provider
  • New 25 year lease from March 2021, expiring in March 2046 (subject to option)
  • RPI Linked Rent Reviews - minimum uplift to £49,021 pa in 2026, £54,123 pa in 2031 and £59,757 pa in 2036
  • Alternative Use Potential (subject to lease & consents)
  • Includes large garden to the rear on 0.48 acre
  • (0.20 ha) site
  • VAT-Free Investment
  • Lot
    22
  • Auction
    24/Sep/2021
  • Rent
    £44,400 per Annum Exclusive
  • Status
    Sold Prior
  • Price*
     
  • Sector
    Medical/Healthcare
  • Auction Venue
    Live Streamed Auction
Important Update
  • Daneholme, Wimblington Road, March, Cambridgeshire, PE15 0YA
  • Expand
  • Photos
  • Map

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

Property Information

Location
Miles
2 miles south of March Town Centre
17 miles east of Peterborough
27 miles north of Cambridge
Roads
A141, A142
Rail
March
Air
Cambridge Airport, London Stansted
Situation

March is a market town and civil parish in Cambridgeshire, approximately 17 miles east of Peterborough and 27 miles north of Cambridge. The property is located on the east side of Wimblington Road, at it's junction with Hook Drove, and close to Mill Hill Roundabout, providing access onto the A141 which provides access onto the A1. The property is situated in a relatively rural location with nearby occupiers including Mill Hill Garage (Petrol Filling Station) and PT Motors car dealer.

Tenure

Freehold.

Description

The property comprises a two storey care centre which was formerly a 5 bedroom house. The property comprises six bedrooms and a study on the first floor, a kitchen and four living/reception rooms on the ground floor together with a large garden to the rear, on a site area of approximately 0.48 acres (0.20 ha).

VAT

VAT is not applicable to this lot.

Planning

The property, previously a 5 bedroom house, may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to www.fenland.gov.uk/planningandbuilding

Completion Period

Six Week Completion

EPC

See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

FloorUseFloor Areas
(Approx)
TenantTermRent p.a.xReviews
Ground/FirstChildren’s
Care Home/
Ancillary
213.68 sq m
(2,300 sq ft)
JUVENTAS
SERVICES
LIMMITED (1)
25 years from
09/03/2021 until
08/03/2046 (2) on a
full repairing and
insuring lease
£44,4005 yearly
compounded RPI
linked rent
reviews, collared
at 2% pa and
capped at 4% pa
Total
213.68 sq m
(2,300 sq ft)
  £44,400 

(1) Juventas Services Limited, incorporated in 2015 is an innovative and forward-thinking organisation who are focused upon delivering high-quality services to vulnerable children and young people (www.juventasservices.co.uk). Juventas currently operates from 15 properties throughout Cambridgeshire & the UK (Juventas Management Extracts, August 2020).
(2) The lease is subject to a tenant option to determine on 09/03/2036.

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

  • Catalogue Page
    Updated Date
    03.09.21
    File Size
    667 KB
    View PDF
  • Site Plan
    Updated Date
    03.09.21
    File Size
    345 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
Peter MayoPeter Mayo +44 (0)20 7034 4864 +44 (0)7833 459318Peter.mayo@acuitus.co.uk
George GoucherGeorge Goucher +44 (0)20 7034 4860 +44 (0)7513 610 710george.goucher@acuitus.co.uk
Seller's Solicitors
ET Law Reedham House, 31-33 King Street West
Manchester
M3 2PN
0161 866 8887
Mark Knights 0161 865 2673m.knights@et-law.co.uk

Useful Links

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