Residential care home with development site in Lincolnshire SOLD
DONE DEAL!
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851
- Converted Residential Home
- Registered for 36
- 30 Effective bedrooms (7 en suite)
- 80% Effective Occupancy 20.04.20
- AWF c. £561
- Weekly Income £13,464
- FY19 Income £642,881; Adj. Net Profit £85,739
- C. 9 acres site, lapsed planning, excellent development potential
- CQC Good, Registered Manager
- Genuine retirement, Share sale
NGA Care are delighted to announce the successful sale of a residential care home on a c. 9 acre site in Lincolnshire. Registered for 36 with 30 effective bedrooms (en suite to 7), this management run business offers excellent development and growth potential. Lapsed planning was granted for 10 bungalows, 4 apartments and a day centre for the over 55’s to complement the existing care home, this offers huge scope and numerous potential income streams if a care village environment was established. Current weekly income is c. £13,464 with 80% effective occupancy (20.04.20), registered manager and deputy in place and CQC rated Good in all areas (Aug 2019).
Residential care home with development site in Lincolnshire SOLD
Sale Type: Exchanged
Ref #: 851
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P: 07943107887
