Healthcare Facility for sale

River View Care Centre, 15 Victory Road, Dartmouth, Devon, TQ6 9JR

Offers Invited

Property Description

Commercial information

  • Business for sale

Key features

  • High quality purpose built care home
  • 80 bedrooms - all with en suite wet roooms
  • Edge of affluent estuary town location
  • Recently closed
  • Offers Invited on Freehold & Leasehold basis
  • Suit wide range of local/regional operators & investors. Energy Rating B

Full description

Tenure: Freehold

Description

River View is a purpose built home of traditional construction over four stories, completed in December 2014.

The property offers 80 single bedrooms, all with en suite wet rooms which are arranged over ground, first, second and third floors.

Externally there is an attractive enclosed, level garden to the rear whilst at the front and side there is off road parking for 25 vehicles. There are two lifts servicing the building.

The property is built to an excellent standard and quality that exceeds the current market supply within a 10km catchment.

Location

River View Care Centre is located in the South Hams town of Dartmouth overlooking the attractive River Dart Estuary. Road communications to the town are via the A380 and Torbay to the North and the A385 via Totnes linking to the A38 to the West. The major cities of Exeter and Plymouth are some 42 and 30 miles distant.

Dartmouth itself has a resident population of 5,050 (2011 Census) and is a popular tourist destination being located in an area of "Outstanding Natural Beauty". The town and area as a whole has an affluent population as 41% of residents within 10 km are home owners (versus the UK average of 31%) and the average house price within 5 km is £419,957. This figure drops significantly when expanded to a 10 km radius as this reflects the affluence of Dartmouth compared to the towns in Torbay to the North.

Internal Details

The internal accommodation is flexible and of a modular design enabling the home to cater for differing client groups.

The 80 bedrooms are arranged over four floors and each floor also includes a residents lounge, nurses' station, treatment room, sluice room, assisted bathroom and toilets.

In addition, the ground floor includes reception, administration offices, hairdressing salon, coffee shop, activities room, dining room and ancillary space including commercial kitchen and laundry.

On the third floor there is also a staff area to include staff room, locker room and shower/changing rooms.

Fixtures & Fittings

An inventory on fixtures and fittings will be prepared as part of the sale process.

Terms

Offers are invited on a freehold basis to include all fixtures, fittings and equipment. Interest in leasehold options will also be considered where appropriate.

External Details

To the rear of the property there is an attractive enclosed, level garden with various areas of lawn and paved paths.

There is also on site car parking for up to 25 vehicles.

The Opportunity

The availability of such a high quality purpose built home represents an excellent chance for regional or corporate operators to own and operate a "best in area" care home.

The under supply of compliant beds makes it an attractive proposition as only 41% of bed provision within 10km is purpose built compared with the national average of 70%. Whilst there are a number of good quality conversions within this catchment area, the lack of purpose built homes makes River View something of a "one off".

From a demographic perspective, the age profile of the local population is a hugely attractive one given that 29% of residents within 10km are over 65 years of age (compared with the UK average of 19%) and 5% are over 85 years of age where the UK average is 3%. Therefore, anyone looking to re-open the home has a strong and affluent target audience.

Regulatory

River View was previously registered with CQC to accommodate a maximum of 80 clients.

Anyone seeking to re-open the building for care use should make their own enquiries of CQC prior to committing to purchase.


Nearest station

  • Paignton (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 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 station

  • Paignton (5.9 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Christie & Co , Exeter

Kings Wharf The Quay, St. Thomas, Exeter, EX2 4AN

01392 799187 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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