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Accommodation
The property has been measured by BKR Floorplans and provides the following accommodation:
| Gross Internal Area Floor by Floor | ||
| Basement | 127.74 sq m | 1375 sq ft |
| Ground Floor | 125.14 sq m | 1347 sq ft |
| First Floor | 125.14 sq m | 1347 sq ft |
| Second Floor | 120.96 sq m | 1302 sq ft |
| Total Gross Internal Area | 498.97 sq m | 5371 sq ft |
| Gross Internal Area Flat by Flat | ||
| Flat 01 | 37.25 sq m | 401 sq ft |
| Flat 02 | 45.43 sq m | 489 sq ft |
| Flat 03 | 52.49 sq m | 565 sq ft |
| Flat 04 | 44.50 sq m | 479 sq ft |
| Flat 05 | 58.43 sq m | 629 sq ft |
| Flat 06 | 48.31 sq m | 520 sq ft |
| Flat 07 | 54.25 sq m | 584 sq ft |
| Flat 08 | 48.31 sq m | 520 sq ft |
| Total Gross Internal Area | 388.97 sq m | 4187 sq ft |
A set of floor plans is available to download, and the measured survey report will be re-addressed to a purchaser.
EPC
| Flat 1 | C | Valid until 15th February 2033 |
| Flat 2 | C | Valid until 15th February 2033 |
| Flat 3 | D | Valid until 6th August 2035 |
| Flat 4 | D | Valid until 6th August 2035 |
| Flat 5 | D | Valid until 6th August 2035 |
| Flat 6 | D | Valid until 6th August 2035 |
| Flat 7 | C | Valid until 15th February 2033 |
| Flat 8 | C | Valid until 15th February 2033 |
Tenure
Freehold.
Tenancy
The property is let to Salisbury Independent Living (company number 03966646) for a term of 20 years from 17th September 2025, on full repairing and insuring terms.
Rents are paid quarterly in advance. Rent reviews are annual, upwards only, in accordance with increases in the Consumer Price Index plus 1%.
The current passing rent is £85,941.44 per annum.
VAT
The property has not been registered for VAT.
Proposal
The property is available as part of the portfolio for which we are instructed to seek offers in the region of £4,000,000 (Four Million Pounds), subject to contract.
Investment Considerations
An opportunity to acquire an investment within the care sector
The property is let on a new 20 year lease
The lease provides for rent increases based upon CPI + 1% annually
The rent is effectively underwritten by Government, thereby providing secure income
The property forms part of a portfolio, available at an attractive net initial yield
Disclaimer
Fixed Charge Receivers Andrew Pear and Milan by the powers given by the Mortgage and all other powers given by statute or otherwise who act as agents for the Company and without personal liability. Both Fixed Charge Receivers are licenced by the Insolvency Practitioners Association and are bound by the Insolvency Code of Ethics.
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