A freehold temporary living facility housing key workers
Comprising 23 self contained units each with bathroom and kitchen facilities
GIA approximately 645 sq m (6945 sq ft)
Site area approximately 0.1 hectare (0.25 acre)
Generous car parking to rear with further spaces to the front
Subject to a 10 year lease in favour of Housing Action Management Ltd expiring 30 January 2033
Currently producing £220,800 pa NET (8.8% on guide)
The property is let at a reversionary rent equivalent to approximately 80% of the Local Housing Allowance rates (which total £275,247.44 pa for all units)
Three yearly CPI rent reviews
Rent reviews are subject to a 2% minimum and a 4% maximum collar and cap.