16 Bed Freehold Residential Care Home With Planning For Further 10 | | Undisclosed Nottinghamshire | | NOTTINGHAMSHIRE 16 BED FREEHOLD RESIDENTIAL CARE HOME WITH PLANNING FOR FURTHER 10 Located in residential area Registered for 16 / fully staffed Minimum input from vendor Excellent report from CQC A/T: £240,971 PP in place for further 10 rooms F/H: £925,000 REF: 1061NG | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 64115
ADVERT IMPRESSIONS : 15,296 TIME(S) | | | | BUSINESS SECTOR: | Care / Health / Beauty | | TRADE TYPE: | Care & Nursing Homes | | SALE: | Agent Sale | FREEHOLD: | £925000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | LOCATION
The Care Home occupies a prominent position opposite a park in an area of Mansfield considered as a generally good area.
Nearby residential dwellings comprise of mature semi detached and detached houses in private ownership. There are also a number of Local Authority houses in the area.
The Care Home provides parking for some seven or eight cars. There are bus stops close by.
The business is located approximately two miles north of Mansfield, in the county of Nottinghamshire. It is a well populated, principally residential area with its own shopping centre.
The village is served by the A60 and the A6075. It lies close to the county border with Derbyshire.
HISTORY
The property was originally opened as a residential care home in 1985, when registration was obtained for six residents
The property was subsequently extended in 1985
Registration was increased to 16 in 1987
The Care Home has been in the careful ownership of the current vendors since 2001
REASON FOR SALE
Genuine retirement sale
RESIDENTS SERVICES
Residents fees are inclusive of full board, care, personal laundry and toiletries
CUSTOMERS
Residents are said to move into the home as a result of word of mouth recommendation or contacts with Social Services
Most residents are from within the village, although some are from Mansfield and Forest Town area
STAFF
Fully staffed with minimal input from the owners
FINANCIALS
2010 £240,971
2009 £252,308
2008 £270,00
NB. We are in possession of the accounts for 08/09. The vendor has informed us verbally of the 2010 annual income
PREMISES
The Care Home is a substantial detached property, which was formerly used as a vicarage
The original section is of brick construction under a pitched roof. The original building appears to date to the early part of the twentieth century
An extension was added to the rear circa 25 years ago constructed over two storeys of brick beneath a pitched roof
To the rear there is a single storey porch
Internally, the Home is presented to a good standard with varying styles prevailing throughout the Home
The day rooms are on the ground floor
There is a main lounge
Second residents lounge
Dining room
Small smoking room
Further lounge
Kitchen
Laundry room
Bathroom
Lift
The vendor has informed us that the total day space is circa 94 square metres, which equates to approximately 4.95 square metres per registered bed
15 x single bedrooms
1 x twin bedroom
Locks have been provided to all residents bedrooms and they all have adequate decorations
There is no owners accommodation
Two external fire escapes
External
Driveway leading to a car park with space for circa seven cars.
Front garden with lawns and borders, side and rear lawned gardens, and a number of trees and shrubs
STRENGTHS
Fully staff run
Owners role is on an administration basis working part time hours
Owner operator could increase the bottom line
Land to rear and side with good car parking
Excellent local reputation
Regular waiting lists
Excellent reports from the Care Quality Commission
SCOPE
The vendor has informed us that planning permission is in place for a further 8 to 10 bedrooms, which would make this a highly lucrative care home with a total of 24 rooms. We are awaiting receipt of the granted permissions.
Further marketing activities as no advertisement is said to be undertaken
TENURE
Freehold
VIEWINGS:
A non disclosure agreement will have to be signed and returned prior to any further information and viewing.
DISCLAIMER: Viewing is essential to fully appreciate this business and strictly by appointment only through the agents. N/B: All Negotiations must be conducted through Advent Business Sales. These details do not constitute part of an offer or contract and properties are offered subject to being sold, let or withdrawn without notice at any time and without liability for any expenses incurred by applicants. All statements and descriptions are made without responsibility or warranty by us, vendors or lessors. Intending purchasers must check for themselves (Misrepresentation Act 1967). | | | | | | FOR SALE | | | | | REFERENCE: | 1061NG / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
