Chandler & Co

Purpose build residential care home

NGA Care
Date Posted: 03/07/2020
Property Status: Under Offer
Management Type: Manager operated
Region: East Midlands
Beds: 32
Guide Price: Offers over £900,000 (Freehold)
Single Beds: 32
Reference: NGA 835
This is an excellent opportunity to acquire a well presented purpose built care home for the elderly that currently trades with 32 effective beds. The home has a registered manager in place and the most recent CQC inspection in 2019 rated the service as Good in all KLOE. Management accounts for the FY19 period indicates income of £443,921 with a profit of c. £129,915, so there is potential to add value. The building also benefits from having been granted planning consent in May 2019 for the change of use to a HMO (C4) with 5 units to provide residential accommodation for a maximum of 26 people. The care home is situated in residential location close to a town centre, which lies to the north of an east midlands city. EPC rated C. Register your interest via www.ngacare.co.uk

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Chandler & Co