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Status Withdrawn Post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/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
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.
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
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.
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 £1,250+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.
