Daneholme Wimblington Road March Cambridgeshire PE15 0YA

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
24th September 2021
Rent
£44,400 per Annum Exclusive
Status
Sold Prior
Price
Auction Venue
Live Streamed Auction

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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 24th September 2021
Rent £44,400 per Annum Exclusive
Status Sold Prior
Price
Sector
Medical Centre/Doctors, Healthcare
Auction Venue
Live Streamed Auction

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.

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

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.

Description

VAT

VAT is not applicable to this lot.

Planning

Completion Period

Six Week Completion

EPC

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

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Reviews
Ground/First	Children’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	£44,400	5 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 £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.