Healthcare Facility for sale

158 Victoria Road - PL5

£575,000

Property Description

Commercial information

  • Business for sale

Key features

  • Stunningly presented care home, registered for 14 residents, currently closed
  • Currently closed, previous fee income of £277,908 (y/e 31/03/2017) with EBITDA of £102,973 (37%) for the same period
  • Bricks and mortar value of £550,000 to £575,000
  • Viewing highly recommended

Full description

Tenure: Freehold

Description
This is an excellent opportunity to acquire a previously well-known and highly renowned, stunning freehold former residential care home for retired adults, which is situated in the sought after and accessible area of St Budeaux, Plymouth.

Maddalane Residential Home is situated in an established residential area to the North-West side of Plymouth and within easy access of the A38, A386 and M5 Motorway network

Within the loft area of the property there is a delightful 2 bedroom owners accomodation with private lounge and bathroom.

This extended detached property benefitting from all its original features yet has been sympathetically brought up to modern day standards.The house incorporates square bays to the frontage, all original fireplaces and high ceilings and is shown in a first-class condition.

The business has successfully operated in the locality for approximately thirty years, being purchased by our client in 2008. During that time the business had earned a truly enviable reputation for providing excellent standards of care and support within a warm and friendly environment. The home subsequently enjoyed regular referrals and recommendations.

The care home previously demonstrated an excellent trading record with historically high occupancy at capacity.

There was a complement of qualified and experienced staff members in place, which was another factor of the home’s success and reputation. The previous manager and deputy are currently retained upon a retainer and are fully willing to return and operate with a new owner.

The business had produced good levels of fee income and excellent profits.

The business offers residential care for the elderly with 14 residents. There is a current total of 11 bedrooms, all of which are equipped with en-suite facilities.

Due to the nature of the home all rooms offer original features and are spacious and bright.

This is a rare opportunity to acquire a first class freehold former residential

Services
During operation, the care home provided residential care for the elderly.

Registered Numbers
The care home is registered for 14 residents within 11 bedrooms, all of which are equipped with en-suite facilities.

Fees
No longer applicable. Prior fees will be discussed with interested parties.

Accounts
Current records and accounts for when the home was in operation will be made available to interested parties upon request. These will indicate the scope available in detail.

Staff
The business was previously overseen by the owners with full Management and staff. Current staff is nil however we are advised that the previous manager and deputy are retained pending re-opening.

Building External
The highly visible property occupies a commanding roadside position within a pleasant and well-populated residential area.

The property has been extended and refurbished offering first class residential accommodation.

The property benefits from a fully enclosed rear garden area with patio, decking and outdoor seating areas, with raised flower beds to the rear and gardens to the front of the property.


Residential Accomodation
The owner’s accommodation occupies a loft conversion and is accessed from a staircase within the home. It comprises of a single and a double bedroom, lounge and bathroom. Velux windows offer daylight with distant views over Plymouth.

Building Internal
The spacious and inviting accommodation is presented to a very high standard throughout creating a pleasant and welcoming environment. The home has the benefit of a stair lift providing easy access to the first floor.

The impressive accommodation comprises of a comfortable residents’ lounge and a dining room, in addition a conservatory offers an additional quiet lounge and overlooks the rear gardens.

These areas maintain all of their impressive features including high ceilings, traditional plaster mouldings, feature fireplace and are light and spacious. There is a well-appointed commercial kitchen with ample storage and separate laundry facilities.

Maddalane Residential Care Home is tastefully presented promoting a homely atmosphere with personal effects and interesting features within the house.

The 11 bedrooms are located across the ground and first floors of the property. The rooms have attractive décor and quality furniture and furnishings.

Six bedrooms are located to the ground floor and five to the first floor. All bedrooms are en-suite and in addition there are two bathrooms, one to each floor.

Residents were also encouraged to bring their own furniture as it is also their own. There are ample residents’ bathroom and toilet facilities throughout the property.

The property benefits from UPVc double glazing designed to look like the original building.

Externally there is an enclosed garden located to the rear and side of the property. A manager’s office is located within the rear garden area. Parking exists for 3 cars to the rear of the property along with a single garage. There is ample on street parking to the front and nearby streets.


Tenure
We are advised that the property is freehold.

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


Summary
This is a rare opportunity to acquire a previously well-established and highly renowned freehold residential care home which was extremely profitable being offered for sale as a closed home.

Potential exists that the home will soon start trading again and if so will still be offered for sale as a retirement sale. To avoid disappointment, a viewing is strongly recommended


Nearest stations

  • St. Budeaux Victoria Road (0.4 mi)
  • St. Budeaux Ferry Road (0.4 mi)
  • Saltash (1.1 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 stations

  • St. Budeaux Victoria Road (0.4 mi)
  • St. Budeaux Ferry Road (0.4 mi)
  • Saltash (1.1 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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