Property Title: GT2437 Care Home reg close to 25 West Midlands

Property Type: Care Home / Nursing Home

For Sale / Sold: Sold

Date Posted: 17 Nov 2023

Location: West Midlands

Guide Price: £1,050,000 (Freehold)

Property Agency: Lamont Johnson

Reference: GT2437

Description

Long-established successful Care Home, situated in a densely populated market town, 20 miles southeast of Birmingham. The Home is fully management operated, offers 95% single bedrooms, and 75% has ensuite facilities. Fee income at or close to £17,200 per week with 95% occupancy and an average fee of £750 pppw. Operating profit for the last financial year was close to £170,000. Ideally suited to an existing operator looking to expand in the Midlands.