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10 bedroom healthcare facility for sale

Pendarves Road, Camborne, Cornwall, TR14

Offers in Region of £650,000

Property Description

Commercial information

  • Business for sale

Key features

  • Elderly residential care, registered for 10 residents
  • Income to year end 31.3.14 210,630
  • Adjusted net profit for the same period in excess of 90,000 if owner manager
  • Potential owners accommodation

Full description

Tenure: Freehold

DESCRIPTION
Pendarves is a 10 bed home which provides quality care for the elderly in a comfortable and pleasant environment, located in the market town of Camborne Cornwall, approx. 16 miles from Truro. The area has expanded considerably in recent years due to the economic growth in the region and offers excellent lifestyle potential.

Camborne has its own railway station along the Penzance to London routes, along with various bus routes linking the cities of Truro and Plymouth. Cornwall is a popular tourist attraction boasting some of the UK's best beaches in the area.

The business trades from a substantial Victorian built three storey property which has been extended over time to now provide good sized accommodation with a home from home feel, with 10 single bedrooms, 5 of which are en suite bedrooms. The bedrooms are arranged over the ground and first floor and there is a communal lounge, dining room and conservatory which provides residents with a tranquil and comfortable living arrangement.

The business was purchased by our client in 2000 although there has been a care home on the same site since the 1970's. Since the purchase in 2000 the property has undergone a vast refurbishment campaign and is now presented in excellent condition throughout including the flooring and bathrooms. Separate rooms are available on the second floor and could be utilized as a 2 bedroom owners or managers accommodation. Some minor works would be required to this area.

Pendarves Care Home has an extremely good reputation with the local authority with regards to placements although the vast majority of residents are private fee paying clients with fees in the region of 460 - 600 per week, with year-end figures to 31.5.13 showing an income in the region of 235,560 with excellent profits which are increasing year on year.

In our opinion this is an ideal opportunity to purchase a well established and well respected business in a popular Cornwall location. The home would ideally represent an excellent investment for an experienced operative who already has a presence within the care sector, viewing is therefore strongly recommended.

TYPE OF CARE
Elderly and Dementia

REGISTERED NUMBERS
Registered for 10 with 10 single rooms, 5 are ensuite.

WEEKLY FEES
Over recent years there has been an approx. 30% private and 70% local authority split. Current fees range between 400 and 800 per week.

FEE INCOME
Current records and accounts can be inspected after viewing by genuinely interested parties.

STAFF
Operated and managed by the vendors with full and part time staff.

PROPERTY
The business trades from a substantial Victorian built property arranged over three floors which has been extended over time to now provide 10 single (5 en suite) bedrooms. The third floor does require minor modification to become a two bedroom owners/managers accommodation.

RESIDENTS AREAS
The spacious and inviting accommodation is presented to the highest of standards throughout creating a pleasant and welcoming home from home environment. The home has the benefit of a Stannah stair lift providing access to the first and second floor.

The accommodation on the ground floor comprises of a light and airy reception area with security entry system, access to residents bedrooms in the rear extension. A good size lounge boasting all the original features of a period house with a separate conservatory along with dining area and access to the front garden for the residents to help make their stay enjoyable.

The first floor consists of residents' bedrooms and a number of bathroom and toilet facilities. All rooms have a television and many have telephone access points which provide residents with the additional home from home comforts. There are two bathrooms with shower facilities.

Externally to the front there is off road private parking facilities for 6/8 vehicles and to the rear is a fully enclosed garden which is laid to flagstones. There is also a garage accessed via the rear of the property.

ANCILLARY AREAS
Manager's office
Staff rest room and bathroom facilities
Fully equipped standard kitchen

RESIDENTIAL ACCOMMODATION
Based on the third floor, accessed via a steep staircase into the loft area. This has been modified and previously utilised as owner's accommodation. It consists of a lounge/diner, small kitchen (currently removed for Council Tax purposes) 2 bedrooms, a small bathroom and spectacular countryside views from the Velux roof windows. Minor remedial work is required in this area which is currently unused.

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
In our opinion this is an ideal opportunity to purchase a well established and well respected care home business in a popular Cornish location. The home would ideally represent an excellent investment for an experienced operative who already has a presence within the care sector, viewing is therefore strongly recommended.


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