Healthcare Facility for sale

16/18 High Street - TS13

£635,000

Property Description

Commercial information

  • Business for sale

Key features

  • Extremely well run care home, registered for 17 residents
  • Fee income for y/e September 2017 436,950 with EBITDA at 127,292
  • Excellent reputation, CQC rating GOOD
  • Viewing highly recommended

Full description

Tenure: Freehold

Description
Bracken Ridge Manor is an extremely well run business that has been operated by the current proprietors since 1985.

The vendors founded the business in 1985 at number 18 High Street as a mental health care home with 8 beds.

In 1988 they extended the property by purchasing number 17 High Street, increasing the registration numbers to 11.

After then seeing an opportunity within the local area, the vendors purchased number 16 High Street in 1992, adding a further 6 residents to the registration. The business is currently registered for mental health, Schizophrenia, manic depression and behaviour disorder.

We are advised the home currently has 15 residents, with space for a further two. All residents at Bracken Ridge Manor, are state funded.

The business has enjoyed a superb reputation and as such consistently operates at 90%+ occupancy, with an ever growing waiting list. The current vendors have decided to place the property and business on the market due to their desire to retire.

Bracken Ridge Manor is located in the popular town of Loftus. The home occupies a conspicuous location on the High Street. The front of the property being surrounded by mature trees.

Loftus is a town and civil parish in North Yorkshire, England. The local council, a unitary authority, is Redcar and Cleveland. It lies in a region between Saltburn-by-the-Sea and the North York Moors.


Sales
Latest accounts provided by the vendors show a turnover in excess of £410,000 with an EBITDA in excess of £100,000.

We are advised that the above figures, do not include a recent uplift in weekly rates, which was applied in April 2017.


Accounts
Full trading accounts will be made available after a formal viewing has taken place.

Staff
The business is run under management, with 5 staff nurses, 8 careers, a part time cook and 2 cleaners.

Building External
The front of the property is set back off the high Street, with mature gardens to the front.

The gardens are laid mostly to lawn, with some mature borders and trees. From the pavement, you will enter through an iron gate and access to the property is via a slabbed pathway to the front door.

To the rear of the property you will find a large garden and parking area. The gardens are again laid mostly to lawn for low maintenance. In addition, there is ample space to park 4 cars, for staff parking. Access to the rear is via a lane to the side of the property.

To the rear of the property, you will also find ample, free public parking.


Building Internal
Entry to the home is from the High Street into number 16. This allows visitors easy access when visiting relatives, together with minimizing disruption for the other residents. The properties are set over two floors, offering excellent accommodation.

On the ground floor, you will find a resident dining room and resident lounge, along with the resident’s games room, with ½ size pool table.

Both the lounge and dining room are well presented and thoughtfully decorated in keeping with the property and residents.
Also located on the ground floor you will find a fully equipped commercial kitchen, together with a walk in pantry and larder.

On the second floor, you will find 15 bedrooms, all the bedrooms have wash hand basins within.

The bedrooms comprise of 13 single rooms and 2 double rooms. Two of the single rooms have en-suite facilities. The bedrooms all have access to shared bathrooms. The home has 4 bathrooms, each servicing 3 bedrooms. In addition, there is also a separate shower room, servicing two bedrooms, one of which is en-suite.

Also located on the first floor, you will find a satellite kitchen. This kitchen is used by residents as a quiet area, or a place to meet relatives and friends. The kitchen is well fitted with storage cupboards and a coffee/tea vending machine.

On the lower ground level to the rear, there is an additional meeting room together with a mangers office.

Orchard House is a purpose built EMI unit, located to the rear of the main properties. Again, Orchard house is fully accessible from the original property for staff. The house is set over two levels, with each level having its own secure unit for residents.

Each unit comprises of a resident dining room and sitting room, along with resident bedrooms, a shower room and bathroom.

Orchard House is neutrally decorated and floored with laminate flooring. Orchard House further benefits from having a satellite kitchen on each floor.

Each house has its own nursing

Residential Accommodation
There is no residential accommodation available.

Tenure
The property is held on the English equivalent of freehold

We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.


Summary
The sale of Bracken Ridge Manor offers a rare opportunity to purchase a high quality, business which is trading fully under management and extremely well, producing good profits. A viewing is highly recommended.


Nearest station

  • Saltburn (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Redwoods Dowling Kerr

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399201 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest station

  • Saltburn (4.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

ALTIUS GROUP LIMITED, Redwoods Dowling Kerr

Tustin Court, Unit 1, First Floor, Port Way, Ashton-On-Ribble, Preston, PR2 2YQ

01772 399201 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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