Freehold Long Let Supported Living Investment with RPI Rent Reviews
Let to a Supported Living Provider
New 20 year lease from April 2021, expiring in April 2041 (subject to option)
RPI Linked Rent Reviews
Alternative Use Potential (subject to lease & consents)
Includes a 2 storey detached annex & garden to the rear
VAT-Free Investment
Lot 27
Auction 31st March 2022
Rent £48,000 per Annum Exclusive
Status Withdrawn Post
Price
Sector Medical Centre/Doctors, Healthcare
Auction Venue Live Streamed Auction
Property Information
Location
Miles
19 miles south-east of Peterborough, 21 miles north of Cambridge
Roads
A141, A142, A14, A1(M)
Air
London Stansted
Situation
Chatteris is an affluent and attractive market town in Cambridgeshire, about 21 miles north of Cambridge. Chatteris provides good access to the A1 (M) via A141. The property is located 1 mile north of the town centre in a predominately residential suburb.
Tenure
Freehold.
Location
Miles
19 miles south-east of Peterborough, 21 miles north of Cambridge
Roads
A141, A142, A14, A1(M)
Air
London Stansted
Situation
Chatteris is an affluent and attractive market town in Cambridgeshire, about 21 miles north of Cambridge. Chatteris provides good access to the A1 (M) via A141. The property is located 1 mile north of the town centre in a predominately residential suburb.
Tenure
Freehold.
Description
The property comprises a three storey care centre. On ground floor 4 rooms, kitchen & shower room, on first floor 3 rooms and 2 bathrooms & on the second floor 3 rooms and a bathroom. The property includes a garden and 2 storey detached annex 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 Fenland District Council: T: 01354 654 321 E: info@fenland.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 three storey care centre. On ground floor 4 rooms, kitchen & shower room, on first floor 3 rooms and 2 bathrooms & on the second floor 3 rooms and a bathroom. The property includes a garden and 2 storey detached annex 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 Fenland District Council: T: 01354 654 321 E: info@fenland.gov.uk
Viewings
There will be no viewings of the property. Interested Parties are requested not to visit the property.
5 yearly RPI linked rent reviews, collared at 2% pa & capped at 4% pa.
Total
£48,000
(1) The lease is subject to a tenant option to determine on 16/04/2031
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.
