13 bedroom commercial property for sale - £564,000

Location:

This long established care home is situated in the popular Cornish town of Hayle approximately 7 miles

from Penzance and 5 miles from St. Ives. The Home is conveniently placedjust outside the town centre within a short distance of the railway station, doctor’s surgery and a small park. The town has been a popular family holiday destination for many years – it’s famous 3 miles of sandy

beaches proving popular for all types of water sport and relaxation.The Property: A substantial Grade

II Listed property that is maintained and presented to a very high standard. The building was converted by the current owners in 1987 having formerly been used as a guest house. The Home was then opened in February 1988 and run as an 8 bed. care home. The property has

subsequently been developed and adapted to accommodate up to 14 residents from 12 single bedrooms and 1 shared bedroom. The accommodation is arranged over 2 floors with chair lift facility

The Business: The home enjoys an excellent reputation and benefits from a qualified and stable staff

cohort. The business is managed on a day to day basis by the original owners who live locally. Registration is for a maximum or 14 residents within the categories of old age (14) and dementia (10).


The Home enjoyshigh occupancy levels as a result of its local reputation for good

standards of care. At the time of our inspection there were 12 residentsin occupation with an additional resident due to be placed shortly. Fees charged range from £375 per week to £507 per week per person. Weekly fees at the time of our inspection totalled £5,052. Turnover for y/ending 8th Aprils as follows:-


Turnover


2009: £256,396

2010: £256,821

2011: £246,154


Adjusted Net Profit


2011: £69,304