Property Title: CARE HOME REGISTERED CLOSE TO 20 HAMPSHIRE GT2361

Property Type: Care Home / Nursing Home

For Sale / Sold: Sold

Date Posted: 14 Feb 2022

Location: Hampshire

Guide Price: £1,195,000 (Freehold)

Property Agency: Lamont Johnson

Reference: GT2361

Description

An excellent opportunity to acquire a charming Care Home in a highly desirable residential part of this major Hampshire city. In existing ownership for over 17 years, the Home benefits from a CQC rating of “Good” in all 5 categories. There are 20 bedrooms, 16 having ensuite facilities and with fees averaging circa £590 pppw, fee income is at or close to £11,700 per week with 20 residents. The Home is owner operated, but there is a very experienced Deputy Manager and scope for the Home to be run under management. Expansion potential for a further 7/8 beds, subject to suitable planning permission. This very successful Home confirms an operating profit of circa £258,000 in the financial year ending 30.04.21. Early viewing essential, as this Home will not be available for long.