Property Title: Residential Care Home - Devon - 47866

Property Type: Care Home / Nursing Home

For Sale / Sold: Sold

Date Posted: 06 Sep 2020

Location: Devon

Guide Price: £220,000 (Leasehold)

Property Agency: Redwoods Dowling Kerr

Reference: RDK 47866

Description

Delightful Residential Care for the elderly (Registered 14 residents) Fee Income £329,641 per annum (y/e 30.09.18) with an EBITDA of £53,492 being offered on a leasehold. Convenient and desirable setting, historically high occupancy levels, Retirement Sale, ideal for a first=time buyer, The annual rent is £33,600 exclusive (correct as advised on 17/06/20). Rent reviews are at 3 yearly intervals. We understand that a new 12 year lease will be available at the end of the term at a rent to be agreed. £Viewing Highly Recommended.