VAT
We
understand that the premises are registered for VAT although it is
envisaged that the sale will be dealt with as a TOGC.
Proposal
We are
instructed by Nigel Nutting and Mark Fry, acting as joint
Administrators of Cathco Property Holdings Ltd, to seek offers in
excess of £2,000,000 (Two Million Pounds), subject
to contract and exclusive of VAT, for the freehold interest.
A purchase at this level would show a
net Initial Yield of 7.84%, allowing for the usual
purchaser costs of 5.8%.