IOW Care Home Reg 9 All Single Rooms For Sale

Business description

Nicely located detached Residential Care Home Reg 9 in all Single Rooms with self contained Studio Accommodation in garden. Excellent reputation on the Island with full occupancy most of the time. Fees £349-£420 p/w with turnover for y/e 31/3/11 of £191,890 with a consolidated net profit of £80,055. Residents Living Room, Dining Room, Stair Lift, Kitchen, Prep Room, Laundry Room, Gas C/H, parking to the front and rear garden mainly laid to lawn. In same owners hands for over 20 years. Genuine Retirement Sale and Highly Recommended.

Property information

Property:

Freehold

Living accommodation:

Self contained Studio Accommodation in the Garden consisting of large Studio Room and Bathroom

Location:

Located in a quiet residential road near this sought after town on the Isle of Wight being very close to the coast with sea views from some of the first floor rooms. The Home is close to local island bus routes and the more comprehensive amenities of Ryde and Sandown are within easy reach. Access to the Car Ferry at Fishbourne with its’ frequent services to mainland Portsmouth is within 20 - 25 minutes drive.

Premises details:

This well presented Residential Care Home has been in the same owner’s hands for the past 20 years and they are now wishing to sell due to retirement. An excellent reputation for resident care has been built up over the years resulting in high occupancy levels on a consistent basis.

This detached property is believed to have been originally constructed in the 1930’s of brick with whitened rendered elevations, relieved by a square bay window and projecting Entrance Porch to the front, all under a deep pitched tiled roof.

The Home is currently run by the owners with a full complement of staff and Fees are charged from £349 - £420 per person per week with a turnover for the year ending 31/3/11 of £191,890.

The Home is arranged in 9 x Single Rooms and there is a Living Room, Dining Room, Laundry Room, Kitchen and two Bathrooms. The Studio Accommodation is self contained with large en-suite Bathroom.

Business Operation

Reasons for selling:

Retirement Sale.

Years established:

20

Other information

Furniture / Fixtures value:

£15,000 (included in the asking price)