Property Title: 50877 Supported Living Unit

Property Type: Care Home / Nursing Home

For Sale / Sold: For Sale

Date Posted: 14 Mar 2024

Location: Staffordshire

Guide Price: £1,500,000 (Freehold)

Property Agency: Redwoods Dowling Kerr

Reference: 50877

Description

Highly respected & lucrative Freehold Supported accommodation Opportunity + Owners Accommodation (7 single rooms + 1 double, 5 double rooms with En-suites + 1 single room and 1 double room).
Turnover for Year end 2024 £347,195 per annum with an EBITDA circa £259,268.
New freehold recently purchased which is included in the sale, estimated B&M for both properties is £1.2m. Both Properties have HMO license and very flexible planning permission.
Capacity to fit 16-18 residents in the main building, with an additional 5 in the new freehold. Terrific potential for future expansion.

Service users include asylum seekers, young adults 16 to 18 and care leavers. Currently 7 residents with weekly fees average of £1,100.