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CU022-Serviced Apartments and Retirement Care Homes - North Yorkshire, North Yorkshire £1,550,000 |
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This is an excellent opportunity to aquire a well established business, which has a unique service proposition
Established in 1997, this privately owned company has gradualy evolved,.offering a choice of serviced appartments for the retired. There are two options for the elderley, either to rent the appartment or to buy.
On the site there are in total 21 appartments, of which eight are sold and eight are currently rented. There are four vacant appartments and one other appartment which is occupied by the on site manager and his wife. There is a communal day room which is also used as the dining room for the residents.
The manager and his wife look after all aspects of the daily running of the site, including cooking, cleaning,servicing,laundry and all other jobs.
Revenue comes from the weekly rental of the appartments, on average £290 per week, and a yearly service charge of £500 for the owned appartments plus a ground rent of £100 per year. |
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Potential: |
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There are still some properties which are available to rent. The current owner realises that the company are missing out on valuable income by having them vacant. New owners with marketing expertise and good contacts could easily fill these properties and maximise these assets.
There is an excellent opportunity to provide more care to the occupants. Currently any care provided comes from out sourced individuals or social services. Further income could be realised if the company put a care fac |
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