Studio apartment for sale

Hampshire Way, South Shields, NE34

Sold STC £55,000

Property Description

Key features

  • 8% Yield per annum for 25 years
  • Buy back at year 5 at 105%
  • Buy back option at year 10 for 115%
  • On a sale and leaseback arrangement
  • Purchase price of 55000
  • ROI of up to 225%

Full description

Florence Hall care home investment opportunity in the coastal town of South Shields in County Durham. 8% yield per annum for 25 years with a potential ROI of up to 225%.

Florence Hall Care Home Investment

The developer aims to transform the property into a 48-bed dementia facility and nursing home in the South Shields area to meet the growing need for care facilities in the North East of England. South Shields is a coastal town in County Durham, boasting sandy beaches and soaring cliffs.

The particular area in South Tyneside was chosen due to the forecast of an ageing population in the area and subsequently a growing need for care home facilities. It is estimated that the number of people aged 65 and over in South Tyneside will increase from 27,000 in 2011 to 32,000 in 2021, an increase of 20%, in particular with the number of those over 85 increasing by 40%. Additionally, it is predicted that those of working age will fall by 1%.

The care home investment sector

The care home sector has been proving to be a very popular investment recently, and it's not hard to see why. With cuts to NHS funding, there is a severe shortage of adequate care home units available to patients, and the government is looking at buy-to-let investors to make up the shortfall. Care for the elderly is generating £14.5bn for the economy every year, which is only forecast to increase. Investors can be assured of income, as the elderly who require care home facilities but have under £75,000 in capital are eligible to receive funding from the government.

The need for more care homes in the UK

The UK as a whole has an ageing population, and in 2012 the number of over 65s and older passed 10 million for the first time, and in 2007 for the first time the number of people over 65 outnumbered the number of people under 16.

The developer is Qualia Care Developments Ltd, who specialise in developing care facilities in the North East of England. Each project they undertake is developed to exceed Care Quality Commission guidelines. The CGC is an independent regulator of health and social care in England. Qualia Care Developments Ltd practises an ethical and sustainable ROI model that takes into consideration the needs of all parties involved.

If you are interested in the Florence Hall care home investment, and how it can be mutually beneficial to the area and yourself, contact us today. We have a number of , so we can work together to find something that is right for you.

Listing History

Added on Rightmove:
02 September 2016

Nearest stations

  • Chichester (1.9 mi)
  • South Shields (1.9 mi)
  • Tyne Dock (2.1 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

One Touch Property Investment, London

288 Bishopsgate, City of London, EC2M 4QP

020 8012 4798 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

  • Chichester (1.9 mi)
  • South Shields (1.9 mi)
  • Tyne Dock (2.1 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

One Touch Property Investment, London

288 Bishopsgate, City of London, EC2M 4QP

020 8012 4798 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.

Disclaimer - Property reference 73DA0FEC50D02. 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.

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