Apartment for sale in Grasslot Street Maryport CA15

Sale Price: £79,950

Grasslot Street Maryport, CA15 8DB

Apartment
-- Bed(s)
-- Bath(s)
Available

 North London Business Park, Building 3, Oakleigh Rd South, London
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Street Address

Grasslot Street Maryport, CA15 8DB

Property description

INVESTORS - 10% NET IMMEDIATE INCOME FIXED AND ASSURED FOR 10 YEARS + BUY-BACK

Introducing Ellen House Care Home:

Ellen House will be a purpose-built care home, which will meet stringent Care Quality Commission standards, and will be located in Cumbria, north-west England. The company developing the site is comprised of a board of directors with extensive experience of successfully operating care homes as well as building and management of residential properties. The developer has already acquired sites for four care home facilities in the north of England.

Why Do We Recommend Ellen House Care Home?

- 10% guaranteed annual yield for 10 years

- This property development allows you to invest in care suites at Below Market Value

- Prices from £89,950 market valuations of £94,872

- All UK legal fees paid

- Interest yield paid from investment date

- Fully hands-off investment opportunity

- All facilities fully compliant with current legislation

The UK care home sector is attracting interest from buy-to-let investors due to a number of key factors.

- The UK has a growing ageing population

The number of people aged over 65 is expected to rise from 10.6m in 2010 to 16.1m in 2035, creating a need for more care home beds.

- Occupancy Rates Close to 90%

Knight Frank's 2013 \"Care Homes Trading Performance Review\" put the occupancy rate of residential care homes at 89%, which was higher than nursing registered care homes, which came in at 86.2%.

- High Rents

Many care home properties come complete with assured rents for a fixed period; for example Ellen House in Cumbria has a fixed rent for 5 years of 8% net per annum.

- Institutional Investors Targeting the UK Healthcare Sector

Several large financial services organisations, from the UK, USA & beyond are targeting the sector for investment. North American institutional investors are pouring billions of dollars into British care homes. The Financial Times reports that 80% of the UKs £15.1bn-a-year care home market deals in the last two years involved overseas investors. US real estate trusts have been attracted by the potential of high rents, which could transform care for the elderly in Britain, with new build American-style \"retirement villages\" and hotel-type accommodation expected to grow.

New Build

Grasslot Street, Maryport, Cumbria, CA15 8DB, United Kingdom

79,950 GBP

Property Features :

  • 10% FIXED NET INCOME FOR 10 YEARS
  • RESIDENTIAL CARE HOME INVESTMENT
  • ALL UK LEGAL FEES PAID
  • BUY-BACK OPTION FROM YEAR 5
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