(see legal pack) Coventry West Midlands CV5

(see legal pack)
Coventry
West Midlands
CV5

Freehold Long Let Supported Living Investment with RPI Rent Reviews

Let to a Supported Living Provider
New 25 year lease from August 2021, expiring in August 2046 (subject to options)
RPI linked with minimum uplifts every 3rd year
Alternative Use Potential (subject to lease & consents)
Includes garden to the rear
VAT-free Investment

Lot
34
Auction
31st March 2022
Rent
£57,600 per Annum Exclusive
Status
Withdrawn Post
Price
Auction Venue
Live Streamed Auction

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Freehold Long Let Supported Living Investment with RPI Rent Reviews

Let to a Supported Living Provider
New 25 year lease from August 2021, expiring in August 2046 (subject to options)
RPI linked with minimum uplifts every 3rd year
Alternative Use Potential (subject to lease & consents)
Includes garden to the rear
VAT-free Investment

Lot 34
Auction 31st March 2022
Rent £57,600 per Annum Exclusive
Status Withdrawn Post
Price
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 18 miles south-east of Birmingham
Roads: A45, A444, M6
Rail: Coventry
Air: Coventry, Birmingham International

Situation

Coventry is the second largest city in the Midlands & 11th largest city in the UK, it is also the UK 2021 City Of Culture, located approximately 18 miles east of Birmingham. Coventry is an expanding University City with more than 27,000 residential students. The property is located 1.5 miles west of the city centre in a predominately residential suburb.

Tenure

Freehold.

Location

Miles: 18 miles south-east of Birmingham
Roads: A45, A444, M6
Rail: Coventry
Air: Coventry, Birmingham International

Situation

Tenure

Freehold.

Description

The property comprises a two storey care centre. On ground floor 4 rooms, kitchen, bathroom & en-suite shower room with the first floor comprising 4 rooms & bathroom. The property includes a garden to the rear and off street parking to the front.

VAT

VAT is not applicable to this lot.

Planning

The property may benefit from future redevelopment for a variety of uses, subject to all necessary consents/permissions and current tenancy. Interested Parties are referred to Coventry City Council (www.coventry.gov.uk).

Viewings

There will be no viewings of the property. Interested Parties are requested not to visit the property.

EPC

See Legal Pack

Description

VAT

VAT is not applicable to this lot.

Planning

Viewings

There will be no viewings of the property. Interested Parties are requested not to visit the property.

EPC

See Legal Pack

Tenancy & Accommodation

Use	Floor	Tenant	Term	Rent p.a.x.	Rent Review
Children’s Care Home	Ground - 4 rooms, kitchen, bathroom & shower First - 4 bedrooms & bathroom	See Legal Pack	25 years from 6/08/2021 expiring 5/08/2046 (1)	£57,600	3 yearly RPI linked rent reviews, collard at 1% and capped at 4%.
Total				£57,600

(1) The lease is subject to tenant options to determine on 5/08/2036 & 05/08/2041

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.