Studio apartment for saleVillage Lane, Washington, NE38
- 58 bed facility
- High quality care facility
- Operated by an experienced developer
- Refurbishment planned to include state of the art features
- Rising demand in the North East region
- Spacious units that exceed CQC guidelines
Full descriptionAffordable care home investment opportunity available in the North East of England. Immediate income with no development risk as it is already completed.
Wagons Way - Care Home Investment
A care home investment opportunity has arisen in Washington, North East England. Wagons Way is an operating and immediately available care facility situated in the residential heart of Washington. The care home facility has a total of 58 beds, and is set to undergo a rolling refurbishment. Developers will work considerately with staff and patients to convert the facility into a state of the art nursing home focused on providing care for those who suffer with dementia.
Wagons Way is situated in the historic town of Washington, in the North East of England. Washington boasts excellent transport links with major roads running through the town connecting to the A1(M) that goes northbound to Edinburgh and southbound to London. It's also culturally rich, with an industrial past and links to the first President of the United States, George Washington. The North East, whilst not being the largest region in terms of population in the UK, has a percentage of those aged 65 and over estimated to be one of the fastest-growing out of all the regions. Rural and coastal parts of the North East in particular have a larger percentage of people over the age of 65 compared to the South of England.
Wagons Way Care Home Investment Facts
* £58,500 purchase price
* 8% rental income with a 25 year sublease
* Buybacks available at 115% in year 10, 120% in year 15, 125% in years 20 and 25
* Two investment options available
* Potential ROI of up to 225%
There is a choice of four exit strategies to ensure complete flexibility, with buybacks available at 115% in year ten, up to 125% in years 20 and 25. You also have the option to sell your unit on the open market at any point. There are also two investment options available. Investors can either choose to purchase a unit in full cash, and in exchange receive the first year's rental income within 28 days. Or investors can choose to utilise the 'by reduction' payment model where they put down a lower cash installment and the first year's returns are offset against the annual rental income. Unlike a traditional buy-to-let, you are not responsible for: monthly property management fees, property maintenance and refurbishment costs or any tenant-related issues including vacant periods that may result in a loss of earnings. This means that the opportunity is a completely hassle-free care home investment.
Why Invest in Care Homes?
There is a growing demand for care homes as the elderly population grows in the UK. Unfortunately, there is not a large enough supply of care home units to accommodate the increased demand, so by investing in a unit you'd essentially be helping to cater for the need. Care homes in general are highly profitable investments, and by investing in Wagons Way, you could achieve 8% rental income and a potential ROI of 225%.
Map & Street View
Street View is unavailable in this location
Disclaimer - Property reference 0676CEF5C3D9E. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by One Touch Property Investment, London . Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Map data ©OpenStreetMap contributors.