Elderly Mentally Infirm Residential Home in Hampshire
Price:
Freehold - £675,000
Location:
Hampshire , Southampton
Business Type:
Care Businesses
Preferred Commercial is 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.
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.
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
North Yorkshire
£ 750,000
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