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Hébergement
The property provides the following Net Internal floor areas:
| Unité 1 | Rez-de-chaussée | 142 sq m | 1,531 sq ft |
| Unité 2 | Rez-de-chaussée | 197 sq m | 2,116 sq ft |
| Unité 3 | Premier étage | 158 sq m | 1,701 sq ft |
| Total | 496.8 sq m | 5,347 sq ft |
Un ensemble de plans d'étage est disponible en téléchargement.
Mandat
Virtual Freehold Interest (999 years from 21St May 2002 at a peppercorn rent).
Location
Units 1, 2 & 3 are entirely let to Change, Grow, Live on an effectively full repairing and insuring lease for a term of 10 years from 29e December 2022, expiring on 28e December 2032 (7 years unexpired).
The lease includes break options on 28e February 2026, 28e February 2029 and 28e February 2030, subject to six months’ prior notice. The tenant has not served notice to exercise the February 2026 break; therefore, this break clause has expired.
Le loyer de passage est 35 000 £ par an. There is an upwards only rent review on 29e December 2027.
Engagement
Change Grow Live (Charity No. 1079327) has reported the following figures:
| Fin d'année | 31 mars 2024 | 31 mars 2023 |
| Revenu total | £307,341,000 | £284,265,000 |
| Total Cash Balance | £57,405,000 | £60,937,000 |
| Actif net | £44,280,000 | £46,487,000 |
Founded in 1977, Change Grow Live (CGL) is a national charity and one of the largest treatment and support providers in the country, funded by councils and local authorities. CGL works closely with various NHS trusts and bodies.
The charity providing a range of services to support individuals, families and communities whose lives are adversely affected by crime, substance misuse, homelessness, anti-social behaviour, domestic violence, social deprivation and lack of opportunity. The charity supports more than 200,000 people across England and Scotland.
Pour plus d'informations visitez www.changegrowlive.org.
CPE
The property has an EPC rating of ‘B’ which is valid until November 2035.
Frais de service
In accordance with the service charge budget, the service charge payable by the tenant is £1,598.95
Valeur imposable
Selon le site Web du Bureau d'évaluation, la valeur imposable de la propriété est la suivante :
| Units 1,2&3 Market Wells | Bureau et locaux | £39,000 |
Le multiplicateur du taux d'affaires est de 49,9 pence par livre.
T.V.A.
La propriété a été immatriculée à la TVA. Il est prévu que la vente sera traitée comme un transfert de continuité d'exploitation (TOGC).
Proposition
Nous sommes chargés de rechercher des offres supérieures à £225,000 (Two Hundred and Twenty-Five Thousand Pounds), subject to contract, reflecting a net initial yield of 15.2%.
Please note a purchaser will be re-charged the cost of the searches (£667.94) which are provided in the data room.
Veuillez noter que des frais de transaction de 5 000 £ plus TVA seront facturés à l'acheteur.
Considérations d'investissement
An opportunity to acquire a high yielding commercial investment;
The property is entirely let to national charity Charge, Grow, Live;
The investment provides highly secure income, with the tenant reporting an Income of £307.3 million and Net Assets of £44.3 million;
The tenant has not exercised their February 2026 break option, demonstrating their commitment to this location;
The property provides the flexibility to re-let the units individually in the future;
Un achat au prix demandé reflète un rendement initial net très attractif ;
Taille de terrain intéressante pour un investisseur.
Services financiers Singer Vielle
Contactez notre équipe si vous recherchez une dette senior, un financement relais ou un financement de développement.
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