The Old Vicarage, Sleaford, Lincolnshire, NG34 0DG

The Old Vicarage, Sleaford, Lincolnshire, NG34 0DG

£1,200,000
Commercial
Sold
About this Property
23 September 2021
Sold
£1,200,000
Traditional
Commercial
Description

Freehold detached care home investment located at The Old Vicarage, Sleaford, Lincolnshire, NG34 0DG. This commercial property is entirely let to Compass Children's Homes Limited, with a guarantee from Compass Community Ltd. The lease is set to expire in August 2035 with no breaks, featuring minimum rental uplifts of no less than 2.5% per annum compounded. The rental value is currently £74,000, with future increases to no less than £83,724 in 2025 and £94,726 in 2030. The property comprises a total area of 412.1 sqm (4,436 sqft) and will be comprehensively refurbished throughout by the tenant. VAT is not applicable, and

Location
More Information
Freehold
Planning Authority
North Kesteven LPA

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