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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 | 52.77 sq m | 568 sq ft |
| Ground Floor | 115.10 sq m | 1239 sq ft |
| First Floor | 115.38 sq m | 1242 sq ft |
| Second Floor | 111.39 sq m | 1199 sq ft |
| Total Gross Internal Area | 394.64 sq m | 4248 sq ft |
| Gross Internal Area – Flats | ||
| Basement | 39.85 sq m | 429 sq ft |
| Flat 1 | 45.89 sq m | 494 sq ft |
| Flat 2 | 48.03 sq m | 517 sq ft |
| Flat 3 | 50.26 sq m | 541 sq ft |
| Flat 4 | 53.42 sq m | 575 sq ft |
| Flat 5 | 48.87 sq m | 526 sq ft |
| Flat 6 | 50.82 sq m | 547 sq ft |
| Total Gross Internal Area – Flats | 337.13 sq m | 3,629 sq ft |
A set of floor plans is available to download, and the measured survey report will be re-addressed to the purchaser.
EPC
| Basement Flat | C | Valid until 7th August 2033 |
| Flat 1 | C | Valid until 7th August 2033 |
| Flat 2 | C | Valid until 7th August 2033 |
| Flat 3 | C | Valid until 7th August 2033 |
| Flat 4 | C | Valid until 7th August 2033 |
| Flat 5 | C | Valid until 7th August 2033 |
| Flat 6 | C | Valid until 7th August 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 £75,166 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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