Property Title: GT2436 Care Home reg close to 20 West Midlands

Property Type: Care Home / Nursing Home

For Sale / Sold: Sold

Date Posted: 17 Nov 2023

Location: West Midlands

Guide Price: £950,000 (Freehold)

Property Agency: Lamont Johnson

Reference: GT2436

Description

A long-established and successful small Home, contained within a charming period property, in a historic location, 20 miles south of Birmingham. The Home is fully management-operated and enjoys a lovely elevated position with panoramic views. 90% single bedroom accommodation, some with ensuite facilities and with a CQC rating of "Good" in all five categories. Fee income is close to £16,100 per week with an average fee of £770 pppw. Excellent adjusted profit for the last financial year of circa £150,000. Ideal opportunity for either a first-time buyer or a regional operator looking to expand.