Management Run Residential Care Home Reg 34 For Sale

Business description

2 Star rated Residential Care Home Reg 34 in a combination of three converted former detached properties together with a purpose built block to the rear providing 6 x 1Bed & 2 x Studio Close Care Apartments. Main Home has 26 Beds with 12 x Single & 7 x Double Rooms (2 x Singles & 1 x Double are en-suite). The Home has a registered manager and has been in the same owner’s hands for 25 years. Turnover for y/e 31/3/09 is £659,345 with a consolidated net around £160,000. There may be potential to extend further to the rear of the Home subject to p.p. and another adjacent property may be available for purchase at this present moment in time. Available on lease at a starting rental of £75,000 p/a with a premium of £450,000 or £1,800,000 F/H

Property information

Property:

Freehold

Location:

Located in an excellent residential area of this major Hampshire city with local shops and transport links in the immediate vicinity. More comprehensive shopping facilities, the main line station and the city itself are within easy reach. There is also easy access to the M27 motorway providing links to the rest of the South Coast and London.

Premises details:

The Main Home is a substantial building which was formerly three detached properties which have now been converted and linked at ground floor level with a further ground floor extension to the rear. There is also a separate Apartment Block providing eight Close Care Units which is understood to have been constructed in 2004. This fronts a further road to the rear and provides the residents with more independence, but they are able to eat at the Home or use it’s facilities, if they wish.

Other information

Expansion potential:

A further adjacent detached property may be available separately and there may be further potential to extend at the rear of the main building, subject to planning permission.

Reasons for selling:

Gennuine retirement sale after 25 years

Financing available:

Please go to www.salmonfinance.co.uk

Furniture / Fixtures value:

£35,000 (included in the asking price)