Care home investment in Lincolnshire
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Care home investment opportunity in Lincolnshire - Broughton
We present our latest investment opportunity in Lincolnshire.
The property is a former farmhouse that has been transformed into a care home and is set within ¾ of an acre of landscaped gardens. The residential care home can provide accommodation for up to 22 residents as there are 18 single rooms and two double rooms assembled across the ground floor and first floor.
Key Figures
£72,950Starting Price
10%Net Yield
Q4 2020Completion Date
Investment Details
Care home in Lincolnshire, UK
The home has also been recently modernised to include a self-contained rehabilitation room. The room is fully equipped with a wet room and kitchen, allowing residents the opportunity to maintain their independence.
The care home caters towards a wide range of residents; from those suffering with dementia to those who have a physical disability or who are too ill to stay at home. The care home also offers short-to-medium term respite care and day care.
The care home is well-connected to local hospitals, villages, and transport links. Scunthorpe Hospital is 8 miles away by car, the M180 with routes to Doncaster and Grimsby is minutes away, and the nearest town of Broughton is 1.4 miles away. The care home also has contracts with North Lincolnshire Social Services and the NHS. This means that there is demand from numerous sources and allows for high occupancy rates.
Lincolnshire care home investment highlights
- Priced from £72,950
- Contracted returns of 10% paid quarterly for 25 years
- 16 rooms available for investment
- 125-year lease with HM Land Registry
- CQC rating as “Good”
- Received a rating of 9.9/10 on carehome.co.uk and won an award for the top 20 care homes in Yorkshire and the Humber
- Buy-back of 110% from year 6 increasing to 125% in year 25
The Numbers
Ground Rent:
Number of Units:20
Service Charge:
Prices:Units priced from £72,950 - £89,950.00
Leasehold:125
- Wet rooms, ensuites and toilets to most bedrooms
- Self-contained rehabilitation room
- Two lounges
- Orangery
- 18 single rooms and two double rooms assembled across the ground floor and first floor
- £3,000 reservation
- Exchange and complete with 35 days
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