Property Title: UNDER OFFER CARE HOME REG CLOSE TO 40 HEREFORDSHIRE GT2415

Property Type: Care Home / Nursing Home

For Sale / Sold: For Sale

Date Posted: 22 Mar 2023

Location: Herefordshire

Guide Price: £2,950,000 (Freehold)

Property Agency: Lamont Johnson

Reference: GT2415

Description

UNDER OFFER Charming Grade II listed property/business, enjoying a central location in this historic town. The home has been in existing ownership for 35 years, has a CQC “Good” rating in all five categories and offers 95% single bedrooms, all having ensuite facilities. The business is management-operated operated, produces a fee income close to £27,950 per week with 95% occupancy.
There is valuable existing planning permission to convert an existing building into further fully compliant bedrooms each with an ensuite.
Operating profit for the last financial year to 31.03.23 circa £500,000. Management accounts for the last 6 months only show a trading profit of £285,000.
Ideal opportunity for either a first-time buyer or an existing operator looking to expand in this most attractive location.