Property Title: CARE HOME REG CLOSE TO 25 SOUTH WEST MIDLANDS GT2392

Property Type: Care Home / Nursing Home

For Sale / Sold: Sold

Date Posted: 05 Aug 2022

Location: West Midlands

Guide Price: £1,950,000 (Freehold)

Property Agency: Lamont Johnson

Reference: GT2392

Description

A really charming established Care Home enjoying a prominent position in a residential suburb of this Historic South West Midlands town. The Home is fully management operated and offers 90% single bedrooms, fees range from £825-£1500 pppw and fee income presently is running at £21,540 per week and an average fee of £936 pppw. The Home benefits from a CQC rating of "Good" in all five categories. The latest trading accounts for y/e 31.03.22 confirm an adjusted operating profit of circa £520,000. A truly excellent opportunity for either a first time buyer or an existing operator looking to expand.