(see legal pack) Chatteris Cambridgeshire PE16

(see legal pack)
Chatteris
Cambridgeshire
PE16

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Withdrawn Post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
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 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Status Withdrawn Post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

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

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 & shower room First - 3 rooms & 2 bathrooms Second - 3 rooms & bathroom	See Legal Pack	20 years from 16/04/2021 expiring 15/04/2041 (1)	£48,000	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.