Property Title: CARE HOME REGISTERED FOR 24 TYNE & WEAR GT2171

Property Type: Care Home / Nursing Home

For Sale / Sold: Sold

Date Posted: 23 Jul 2021

Location: Tyne & Wear

Guide Price: £850,000 (Freehold)

Property Agency: Lamont Johnson

Reference: GT2171

Description

An ideal first time purchase, this management operated 24 registered Home has been in existing ownership for almost 20 years. A charming Home in a quiet tree lined avenue, offers 21 bedrooms, a passenger lift and a CQC rating of "Good" in all 5 categories. Fees range from £664-£686 pppw and with 19 residents fee income is close to £12,800 per week. The last trading accounts for the y/e 31.01.21 confirm gross annual fee income of £677,764 and an adjusted operating profit of £167,505. An excellent first time opportunity and early viewing recommended.