Care Home Investment, 20 Yew Lane, Sheffield, S5 9AN
Size
4,341
Tenure
Freehold
EPC
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Parking
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- Primary use
- Other
No floor / site plan
Key features
- New 30 year lease
- RPI rent reviews every 5 years
- Let to an established care operator
- Planning consent granted
Description
The property is currently being developed by Weiston Developments a well funded and established developer and should achieve practical completion in October 2025.
Formerly operating as The Players Lounge, a private club and leisure venue (recently demolished), the site is now has planning consent (Ref:23/01850/Ful) for redevelopment into a single-storey care home (Use Class C2) comprising:
6 high-quality residential apartments
A communal lounge, staff offices & training room
Ancillary amenity and parking areas
The property will be let to Bespoke Care & Support Limited at £176,000 per annum on a new 30-year lease with RPI rent reviews every 5 years (with no cap or collar) and no lease break (example lease available on request).
COVENANT
Bespoke Care & Support Limited, are a care company specialising in Transformative Care for over 18-year-olds who have severe learning disabilities or personality disorders. They have been trading since 2019. Thelma Turner is the CEO who has vast experience in this sector and in the 1990s she was CEO of a company which had 28 homes. The average fee per resident in the existing two homes is around £8,500 per week.
The company shows a profit before tax of £831,000 in the last set of accounts (2024) on a turnover of £5.4m (P&L for 2024 and 2023 available on request).
PRICE
We are instructed to ask for offers in the region of £2,500,000 (TWO MILLION FIVE HUNDRED THOUSAND POUNDS) an offer at this level reflects a Net Initial Yield of 6.64% (after purchasers costs of 6.08%).
AML
In accordance with the Money Laundering Regulations prospective purchasers will be asked to produce identification of the intended purchaser and other documentation to support any offers submitted to the vendors.
Situated on Yew Lane in the popular Ecclesfield/Firth Park area, with excellent access to local amenities, bus routes, and arterial roads including the A6135 and M1 (Junction 34). Less than 2 miles from Meadowhall Shopping Centre and just 15 minutes to Sheffield city centre.
- Service charge
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- Business rates
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- Use class
- C2, C2A
- Listed building
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- Floors in building
- 1
An Energy Performance certificate helps you understand the current energy efficiency of a property.
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- BREEAM rating
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- Environmental description
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Brochure
Care Home Investment, 20 Yew Lane, Sheffield, S5 9AN
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Disclaimer - Property reference 332847-1. 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 Barnsdales Ltd, Sheffield. 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.