Property Title: Residential Care Home (NE) offered freehold/leasehold

Property Type: Care Home / Nursing Home

For Sale / Sold: Sold

Date Posted: 09 Aug 2021

Location: East Riding of Yorkshire

Guide Price: POA (Leasehold)

Property Agency: Montane Care

Reference: MC6

Description

Substantial sought after Nursing Home Located to the North East.
The home has always operated with a full compliment of residents.
Long standing staff.
The business is offered either freehold or leasehold.
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