Chandler & Co

Residential Care Home (NE) offered freehold/leasehold

Montane Care
Date Posted: 18/07/2021
Property Status: For Sale
Management Type: Manager operated
Region: North East
Beds: 26
Guide Price: POA (Freehold)
Single Beds: 16
Reference: MC6
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

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Chandler & Co