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Agent details

This property is listed with:
Select Estate Sales
North London Business Park, Building 3, Oakleigh Rd South, London
Telephone:
020 36972592
 

Full Details for Apartment for sale in Maryport, CA15 :

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

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House Prices for houses sold in CA15 8DB

Stations Nearby

Workington
4.9 miles
Maryport
0.4 miles
Flimby
1.5 miles

Schools Nearby

West Cumbria Learning Centre
7.2 miles
Mayfield School
11.7 miles
St Bees School
15.2 miles
Grasslot Infant School
0.1 miles
Our Lady and St Patrick's, Catholic Primary
0.4 miles
Ewanrigg Junior School
0.4 miles
Netherhall School
0.8 miles
Stainburn School and Science College
4.8 miles
St Joseph's Catholic High School
5.0 miles