Single Care Suite, CG101, Clarence Grove Care Home

£75,000

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Property description:

High quality single en-suite rooms available for investment at Clarence Grove - an attractive care home currently open and operational in Greater Manchester.
Highlights
Property details
Financials
Location

Clarence Grove, Greater Manchester

Development Highlights

Clarence Grove is a high quality, purpose-built, open and operational care facility situated in a pleasant residential area in Greater Manchester offering 91 en-suite single rooms and a hassle-free, fully managed property investment opportunity. The care homes provides a number of unique highlights.

  • 91 bed fully operational care facility
  • High quality and well equipped single en-suite bedrooms
  • Rooms available for £75,000
  • Circa 8% NET returns for up to 25 years
  • Developer buy back option
  • Fully managed income generating asset
  • Rolling programme of refurbishment
  • Title registered with the UK land registry
  • Up to 225% ROI
  • Four exit options and 2 purchase options
  • Based upon a sustainable business model
  • Reserve for £1,000

Clarence Grove, Greater Manchester

Development Description

Clarence Grove sits within a popular residential town in Greater Manchester (population 28,205, 2011 Census) situated north of Manchester city centre. It enjoys a privileged location just south of the picturesque Pennine hills, surrounded by pleasant wooded valleys and high moorland to the north and flat farmland to the south.

The improved standard of care facilities and range of services at Clarence Grove will ensure its long-term sustainability and operational success. Thanks to the shared vision of the developer and operator, the home will benefit from the expertise needed to deliver high occupancy and a meet the growing need for care.

Clarence Grove offers you the opportunity to purchase a hassle-free, fully-managed commercial property. Your purchase will accelerate the rate of operational improvements, enabling those who require care to benefit from quality facilities and high standards of kind and considerate care. This will make a positive difference to the lives of residents and the local community, while offering you a respectable return.

The investment is based on an innovative model that has been specifically created to meet the needs of the care industry, providing an ethical ROI made possible by a sustainable model that thoughtfully balances the needs of all parties.

The attractive facility has 91 single rooms, all with en suite facilities. The care home is made up of four separate ‘houses’, and is surrounded by beautiful landscaped gardens with seating areas, raised flowerbeds and a tranquil sensory area. The home includes on-site parking and is close to local bus routes, amenities and the M62 and M66 motorways.

This new commercial buy-to-let purchase opportunity offers you circa 8% rental income per annum with a buy-back option up to 125% and an ROI up to 225% depending on your exit strategy.

A choice of 4 assured exit strategies provides ultimate flexibility whilst rewarding long-term commitment with greater returns, delivering the most efficient and stable operation.

By purchasing a unit at Clarence Grove, you benefit from an annual rental income being paid from year 2 onwards. Your first year’s rental income is paid as a deduction from the purchase price, offsetting your capital outlay from £75,000 to £69,000. All rental income from years 2-25 is paid annually in arrears.

Purchasing property within Clarence Grove, Greater Manchester

We will assist you throughout the purchase process, which will proceed as follows:

  1. After a full consultation process with your sales consultant, you will select your preferred unit and complete a reservation form, along with securing your unit with a £1,000 reservation fee.
  2. Within 7 days, you are required to send certified ID documents along with source/ proof of funds for the unit to be secured and assigned to you.
  3. Contracts are issued to your lawyer for review. You and your signatory witness, then sign the contract and return it to your lawyer using a secure, signed-for delivery service. At the same time, you pay the outstanding balance of purchase monies into your lawyer’s client account.
  4. Upon receipt of your documents and balance of purchase monies, exchange and completion can take place. Your lawyer will then attend to all registration formalities with the Land Registry. Omitting delays, the purchase process should take no longer than 28 days from the point of reservation.

Clarence Grove, Greater Manchester.

Location: Greater Manchester.

The Clarence Grove care facility is situated in a pleasant residential area in Greater Manchester and is close to local bus routes, amenities and the M62 and M66 motorways.

Clarence Grove sits within a popular residential town in Greater Manchester (population 28,205, 2011 Census) situated north of Manchester city centre. It enjoys a privileged location just south of the picturesque Pennine hills, surrounded by pleasant wooded valleys and high moorland to the north and flat farmland to the south.

As a country, the UK is ageing. Estimates from the Office for National Statistics (ONS) suggest that 1 in 4 people will be aged 65-plus by 2050, representing a 56% increase from 2012. Eight million people will be aged 80-plus by the same year.

This trend is reflected in the Greater Manchester area which, with a population of 2.8million, is one of the largest metropolitan boroughs in the UK. Within this population more than 400,000 residents are aged 65- plus, a figure that is expected to increase by around 20% by 2021 (32% for those aged 85-plus).

There are around 90,000 people in the North West of England currently living with dementia, with more than 29,500 of those in Greater Manchester. More than 3,000 people have been diagnosed with dementia in the past year in Greater Manchester. Care for the older population is already generating an income of £14.5billion for the UK economy every year, with demand expected to grow exponentially in coming years. The UK government has announced an extra £2billion of funding for social care over the next three years.


Location map:

Greater Manchester
Care Home
1 Bedroom
1 Bathroom

Property summary


  • Single en-suite high specification bedroom
  • £75,000 purchase price
  • Title registered with UK land registry
  • 8% rental income per annum
  • 125 year leasehold purchase
  • Choice of 4 exit strategies & 2 purchase options
  • Reserve for £1000