Property Title: HIGHLY PROFITABLE FULLY MANAGED PURPOSE BUILT NURSING HOME REG 47 IN ALL SINGLE ROOMS

Property Type: Care Home / Nursing Home

For Sale / Sold: For Sale

Date Posted: 05 Aug 2022

Location: Yorkshire & The Humber

Guide Price: £2,820,000 (Freehold)

Property Agency: Bishops

Reference: CH4343

Description

LINCOLNSHIRE Fully Managed purpose-built Nursing Home with 47 Single Rooms and PP for a further 9 rooms arranged in predominantly single-storey accommodation on a plot of circa 0.71 acre. Trading with consistently high turnover, EBITDA and occupancy levels this facility is ideal for someone looking for a good investment opportunity with well-qualified and experienced core staff. The current owners are making improvements on a regular basis and there is potential to develop further by taking advantage of the planning permission granted for another 9 beds. A professional valuation has been received dated November 2023 and the latest Management Accounts to September 2023 show an annualized turnover of £1,762,312 and EBTDA of £423,607. This home is part of a group of three units with a total of 123 Beds and the homes are either available individually or as a group if required. Guide Price for this individual unit is £2,820,000 F/H