Chandler & Co

Residential care home with development site

NGA Care
Date Posted: 30/03/2020
Property Status: Under Offer
Management Type: Manager operated
Region: East Midlands
Beds: 36
Guide Price: POA (Freehold)
Single Beds: 30
Reference: NGA 851
Early expressions of interest are invited on a soon to be marketed residential care home on a c. 9 acre site. Registered for 36 with 30 effective bedrooms (en suite to 7), this management run business offers excellent development and growth potential. Lapsed planning was granted for 10 bungalows, 4 apartments and a day centre for the over 55’s to complement the existing care home, this offers huge scope and numerous potential income streams if a care village environment was established. Current weekly income is c. £11,797 with 70% effective occupancy, registered manager and deputy in place and CQC rated Good in all areas (Aug 2019). NGA Care are very much active and doing business. If you are considering a sale or refinancing? Call Nick Greaves in complete confidence on 07943 107 887, we are currently offering desktop market appraisals with telephone / video call appointments, following Government guidance on social distancing due to Covid-19. Register your acquisition requirements via www.ngacare.co.uk

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Chandler & Co