Chandler & Co

Turnaround opportunity - Purpose built nursing home East Midlands

NGA Care
Date Posted: 27/09/2019
Property Status: For Sale
Management Type: Manager operated
Region: East Midlands
Beds: 46
Guide Price: £1,200,000 (Freehold)
Single Beds: 46
Reference: NGA 834
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 June 20, the home has 30 residents with admissions pending. Fees range from £566 -£1,035 and an AWF of c. £746. Management accounts for the 9 month trading period to end of December 2019 indicates income of £957,068. Historic trading has seen income at the following levels: FY18 £1,342,907 and FY19 £1,414,302. Offers are invited due to the desire for a swift sale and would suit experienced operators with cash funds. EPC Rated C.

Make an enquiry to the Business Agent

Chandler & Co