Elderly Mentally Infirm Residential Home In Hampshire For Sale

Business description

We are delighted to offer for sale this well-respected EMI residential home, registered for 11 residents, which was established over 20 years ago. The business is only now offered to the market due to a change in our client's circumstances. The substantial premises are well-equipped to suit the trade with 9 residents' rooms, 7 single and 2 double, that have recently been redecorated and finished to a high standard, along with a communal lounge and garden area to rear. The business has built an excellent reputation, is registered with Care Quality Commission and fully compliant with new legislation. Our client provides a friendly and safe environment for its residents. The business trades all year round and generates a turnover in the region of £233,206 with a gross profit of 90%. We have been advised that planning permission has been applied for, to extend the facility to 17 residents' rooms. At an estimate the costs are approximately £185,000. The turnover is then predicted to be in the region of £507,000 per annum. There is also the opportunity to increase to the price of the rooms from £550 per week to the average in the area of £585. This is an ideal opportunity to acquire a well-established residential home with huge scope for future development.

Property information

Property:

Freehold

Location:

The residential home occupies a substantial, detached property situated in the city of Southampton, Hampshire. The premises benefit from ample on-street and private parking. The business has easy access to the A-road network and access to the M27 motorway. There are a number of residential areas in the vicinity and local amenities. Portsmouth and Winchester are less than 20 miles away.

Premises details:

Substantial detached residential home premises. Briefly comprising:

Ground Floor
• Lounge with access to rear garden
• Kitchen
• Medical room

First And Second Floors
• Office
• 7 Single bedrooms with en-suite WC and wash hand basin
• 2 Twin rooms with en-suite WC and wash hand basin

External
• Garden and decking area to rear

Energy Performance Rating:

C

Other information

Energy Performance Certificate:

• 
• View EPC Graph for this property