It is a nursing house for sale in one of the towns an hour's drive from London.
This three-storey building with basement, constructed in 1995, is situated on a plot of 3,570 m². The property is predominantly of concrete framed construction with brick elevations.
There are 55 single bedrooms with en-suite wet rooms in total. Each floor has a dayroom and assisted bathroom. The basement accomodates kitchen, laundry, activities room, as well as staff rooms.
Tenure: Leasehold for 999 years.
The property is fully leased out to a major tenant.
Absolute income is 436,800 £.
The current yield of 6,6%.
Purchaser's costs of 6,8%.
Tenant is Care UK, a British company providing health and social care.
Care UK operates 113 nursing homes, 80 primary and day care facilities and nine hospitals.
Company's annual turnover exceeds 218 £million.
NNN lease agreement is signed for 30 years until 2035. All operating costs are borne by the tenant.
The property is situated to the east of the town center.
There are three regional roads nearby.