Date Posted: 27/09/2019
Property Status: For Sale
Management Type: Manager operated
Region: East Midlands
Guide Price: £1,200,000 (Freehold)
Single Beds: 46
Reference: NGA 834
A well-presented purpose built nursing home that is situated in an East Midlands city suburb. 46 effective bedrooms with 12 bedrooms having en suite WC. As of 11 September 2019, the home has 33 residents with admissions pending. Fees range from £566 -£1,035 with a weekly income of c. £24,616 and an AWF of c. £746. Management accounts for the 4 month trading period to end of July 2019 indicates income of £445,864. Historic trading has seen income at the following levels: FY18 £1,342,907 and FY19 £1,414,302. The home is run under management with a registered manager in place.
This opportunity is attractively priced due to the desire for a swift sale and would suit experienced operators with cash funds. EPC Rated C.