Date Posted: 18/07/2021
Property Status: Under Offer
Management Type: Manager operated
Region: North East
Guide Price: POA (Freehold)
Single Beds: 16
Offered for Sale either freehold or Leasehold.
•Substantial sought-after Nursing Home
•Located to predominantly residential area
•Registered for 26 clients
•16 single bedrooms, 5 double bedrooms
•Experienced long standing staff
•Profit & Loss accounts y/e31st August 2020 show a turnover of £609,046 with an adjusted net profit for the same period of £122,963 (20%). Forecast Turnover 2021 based on current occupancy £679,640, EBITDA for same period £135,928 (20%) The rental of £40,000 can be added to the EBITDA should the freehold be acquired.
•Hull Royal Infirmary within 1.6 miles
•CQC rating good