1 bedroom healthcare facility for sale

Park Avenue, Co Durham, TS26

£69,950

Property Description

Key features

  • Buoyant luxury care home sector
  • 125% buy back in year 10
  • 10% net rental income for ten years
  • Located in affluent residential area
  • Number of over 85s projected to double in 20 years
  • Stunning grade II listed building

Full description

Tenure: Leasehold

One Touch is pleased to present this brand new Hartlepool care home investment in County Durham.

About Park Avenue Care Community, Hartlepool County Durham

Park Avenue Care Community is a 27-bed luxury care community which makes up part of a grand Grade II listed building located within an affluent residential area in central Hartlepool, with easy access to entertainment and leisure facilities. The developer acquired the former care home and aims to redevelop it into a more robust and successful luxury care community (typically luxury care homes outperform other care home options).

The building faces the leafy Ward Jackson Park, and although significant refurbishment of the development is already underway, it will retain its beautiful Italianate façade.All of the en-suite studios are generously proportioned and boast a plasma tv, fridge, wireless nurse call system and WiFi. Interiors will be designed by specialists with over 20 years' experience in creating comfortable and homely surroundings for those in later life. Fundamentals

* Purchase price from £69,950

* 10% net rental assured for 10 years

* 110% buy back in year 5. 125% buy back in year 10.

* Income paid monthly

The robust luxury care home sector

This investment is uniquely positioned as a luxury care home, attracting self-paying residents who wish to spend their twilight years in beautiful surroundings enjoying excellent company. These niche luxury care homes with a high proportion of self-paying residents have proven to make excellent investments, as these care homes often achieve better profit margins compared to those with a high number of residents reliant on support from local authorities.

Why invest in County Durham?

According to Tees Valley Unlimited, over 65s are projected to comprise over 25% of the town's population by 2032, so the market for care homes is burgeoning, and at the moment there is a significant lack of care homes in the area. Those aged over 85 have almost doubled since 1992, and by 2032 there is predicted to be over 4,100 - so there is a recognisable demand for care homes in this area of the north east.

Enquire today to find out more about this investment and the benefits of investing in luxury care homes.


Nearest stations

  • Hartlepool (1.3 mi)
  • Seaton Carew (2.4 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.

Floorplans


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

  • Hartlepool (1.3 mi)
  • Seaton Carew (2.4 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.

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