Nursing Home located to West Midlands Ref MC21
Date Posted: 24/01/2022
Property Status: Under Offer
Management Type: Manager operated
Region: West Midlands
Beds: 35
Guide Price: £2,000,000 (Leasehold)
Single Beds: 20
Reference: MC21
•Substantial Sought-after Nursing Home
•Registered for 35 residents
•20 Single bedrooms
•5 Twin Rooms
•13 Wet rooms & 3 en-suite rooms
•Lift to all floors (8 person)
•Experienced long standing staff with full time manager
•Well maintained occupancy levels
•Profit & loss accounts y/e ending March 2020 show a turnover £1,702,823 with adjusted net profit for the same period £256,642 (15%) current projection based on current occupancy of 28 residents,
•Turnover £1,533,299 with ANP £383, 324 (25%)
•Private one bedroom apartment
•Full Planning permission for 10 additional bedrooms with wet rooms
•Located to beautiful gardens of approximately 500 acres maintained by The National Trust
•Tenure Leasehold: The home operates under a 99 year lease from the National trust with 85 years remaining at an annual ground rent of £40,000 p/a
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