Property Title: CARE HOME REG CLOSE TO 35 EAST SUSSEX COAST GT2404

Property Type: Care Home / Nursing Home

For Sale / Sold: Sold

Date Posted: 12 Dec 2022

Location: East Sussex

Guide Price: £2,850,000 (Freehold)

Property Agency: Lamont Johnson

Reference: GT2404

Description

An excellent opportunity to acquire a successful trading home, close to the seafront and the centre of this renowned coastal town. The business which has been in existing ownership for over 15 years, only now comes to the market for genuine reasons of retirement. The home is fully managed and offers 95% single bedrooms, all having ensuite facilities. The home enjoys a sound local reputation, as evidenced by its current CQC overall rating of "Good" in all five categories. Fee income is close to £31,500 per week (with 34 residents), fees average £922 pppw and the operating profit for the last financial year is circa £400,000. This an excellent opportunity for either a first-time buyer or regional operator looking to expand in the South East.