Let to Sanctum Housing Community Interest Company until 2041
Landlord Option to extend until 2046
Annual Rental increases inline with the Consumer Price Index subject to a minimum of 1% per annum and a maximum of 4% per annum
Close to Hordern Town Centre
Less than 500m from Horden Railway Station
These Investments are available as a portfolio
Lot 21
Auction 15th December 2022
Rent £5,924 per Annum Exclusive
Status Withdrawn Prior
Price
Sector Residential
Auction Venue Live Streamed Auction
Property Information
Location
Miles
8 Miles East of Durham, 10 Miles South of Sunderland, 18 Miles South West of Newcastle
Roads
A19, A179
Rail
Horden Railway Station
Air
Newcastle Airport
Situation
Peterlee, a predominantly residential suburb, is located 8 miles east of Durham, on the west side of the A19, equidistant from Middlesbrough to the south and Sunderland to the north. The property is situated on the east side of Seventh Street in Horden. The property is located less than a mile from Peterlee town centre and 200m from Horden town centre.
Tenure
Freehold.
Location
Miles
8 Miles East of Durham, 10 Miles South of Sunderland, 18 Miles South West of Newcastle
Roads
A19, A179
Rail
Horden Railway Station
Air
Newcastle Airport
Situation
Peterlee, a predominantly residential suburb, is located 8 miles east of Durham, on the west side of the A19, equidistant from Middlesbrough to the south and Sunderland to the north. The property is situated on the east side of Seventh Street in Horden. The property is located less than a mile from Peterlee town centre and 200m from Horden town centre.
Tenure
Freehold.
Description
The property comprises a 2 storey terrace house with 3 bedrooms and has the benefit of a rear yard and rear access. The property also benefits from double glazed windows.
The tenant, at their own cost, is to undertake a refurbishment programme of the property.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a 2 storey terrace house with 3 bedrooms and has the benefit of a rear yard and rear access. The property also benefits from double glazed windows.
The tenant, at their own cost, is to undertake a refurbishment programme of the property.
VAT
VAT is not applicable to this lot.
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Floor
Use
Floor Areas Approx
Tenant
Term
Rent p.a.x.
Rent Review
Ground First
Residential
3 Bedrooms
SANCTUM HOUSE CIC (CRN 12596536) (1)
16/12/2022 until 15/12/2041 with a landlords option to extend until 2046
£5,924
Annual Rent reviews in line with Consumer Price Index (CPI) (2)
Total Approximate Floor Area
£5,924
(1) Sanctum Housing CIC (CRN12596536) is a Community Interest Company which are companies set up for the benefit of the community and are hybrid between a charity and a profit making company. Sanctum Housing CIC provides supportive living for vulnerable people providing support for those who have experienced homelessness. (www.sanctumhousing.org) (2) The lease provides for the rent to be increased annually in line with the consumer price index (CPI) subject to a minimum of 1% per annum and a maximum of 4% per annum.
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.
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