Property Title: UNDER OFFER CARE HOME REG CLOSE TO 25 EAST YORKSHIRE GT2398

Property Type: Care Home / Nursing Home

For Sale / Sold: For Sale

Date Posted: 21 Oct 2022

Location: East Riding of Yorkshire

Guide Price: £1,095,000 (Freehold)

Property Agency: Lamont Johnson

Reference: GT2398

Description

UNDER OFFER A long-established Home in existing ownership since 2007, being management operated and only now coming to the market for genuine reasons of retirement. The Home offers 25 bedrooms, 14 with ensuite facilities and 80% of residents are privately funded. A CQC rating of overall “Good” in all five categories. Fee income is close to £18,134 per week (25). Operating profit for 11 month period only of £232,000. An excellent first-time buyer opportunity or would suit an existing operator looking to expand their portfolio.