An opportunity to acquire a care home investment situated in Thorpe, St Andrew, Norwich offering 31 en-suite bedrooms.
• Rated ‘Outstanding in Care and Overall Good’ by CQC and 9.6 out of 10 on carehome.co.uk.
• Let to Countrywide Care Homes (2) Limited on a 30 year FRI lease expiring on 13 December 2036 (in excess of 17 years unexpired) at a current rent of £210,583 per annum.
• Lease benefits from annual uplifts based upon fixed increases of 2% pa.
• It is run by a highly regarded operator and management team with the home generally having 96% occupancy.
• Sister company Maria Mallaband Care Group are one of the UK market leaders in the care home industry having over 80 care homes across the UK.
• Offers in excess of £2,450,000 (Two Million Four Hundred and Fifty Thousand Pounds) subject to contract which offers a purchaser an attractive net initial yield of 8.08% Based upon purchasers cost of 6.37%.