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Clifton Drive North, Lytham St Annes FY8

For sale
  • Residential Rehabilitation Treatment Centre Investment.
  • Largest stand-alone residential addiction treatment facility in the North West of England.
  • 36-bedroom house extending to 7,330 sq ft approx.
  • Benefitting from a new 20-year lease from completion to a CQC approved care provider.
  • Commencing rent of £159,548.40 pa.
  • Landlord only option for an additional 5 years after expiry of the lease.
  • Annual rent reviews in line with the Consumer Price Index.
  • The tenant has been in occupation since 2013 and has contracts with 12 different Local Authorities.
  • We are instructed to invite offers in excess of £2,000,000 (Two Million Pounds), subject to contract.
  • A purchase at this level would equate to a Net Initial Yield of 7.5%, assuming standard purchasers’ costs of 6.275%.
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