Property Details
Guide Price £1,800,000
10 bedrooms
Victoria Inn
This large scale property development offers its investor the amazing opportunity to diversify their property portfolio, by not only adding 10 properties with 16 rooms in total; but by including the benefit of every property being under a social housing contract with United Response.
One noteworthy detail about this deal is that the rent is linked to CPI, meaning that it will be increased annually. Rent increase is CPI +1%, subject to government caps.
After being fully renovated and brought up to a modern standard in 2021, this property was immediately given to the charity United Response, and is still held under their lease.
This is an extremely important note. As firstly, this shows the property has had a constant and reliable stream of income.
And secondly, because the property is under a full repairing lease, the maintenance of the property and upkeep is the responsibility of United Response. The lease specifically covers any damages or changes caused by the tenants (both the charity and it’s clients).
Tenure: Freehold
Electricity supply: Mains
Heating: Gas Mains, Electric
Water supply: Mains
Sewerage: Mains
One noteworthy detail about this deal is that the rent is linked to CPI, meaning that it will be increased annually. Rent increase is CPI +1%, subject to government caps.
After being fully renovated and brought up to a modern standard in 2021, this property was immediately given to the charity United Response, and is still held under their lease.
This is an extremely important note. As firstly, this shows the property has had a constant and reliable stream of income.
And secondly, because the property is under a full repairing lease, the maintenance of the property and upkeep is the responsibility of United Response. The lease specifically covers any damages or changes caused by the tenants (both the charity and it’s clients).
Tenure: Freehold
Electricity supply: Mains
Heating: Gas Mains, Electric
Water supply: Mains
Sewerage: Mains
Map
Whilst every effort is made to ensure the accuracy of these details, it should be noted that the measurements are approximate only. Floorplans are for representation purposes only and prepared according to the RICS Code of Measuring Practice by our floorplan provider. Therefore, the layout of doors, windows and rooms are approximate and should be regarded as such by any prospective purchaser. Any internal photographs are intended as a guide only and it should not be assumed that any of the furniture/fittings are included in any sale. Where shown, details of lease, ground rent and service charge are provided by the vendor and their accuracy cannot be guaranteed, as the information may not have been verified and further checks should be made either through your solicitor/conveyance. Where appliances, including central heating, are mentioned, it cannot be assumed that they are in working order, as they have not been tested. Please also note that wiring, plumbing and drains have not been checked.