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For sale

Guide Price: Offers invited

Proposed 63-bed care home with planning - Herefordshire

  • High quality development site with planning permission granted for a 63-bed care home;
  • The care home will benefit from 100 per cent en-suite wetroom facilities;
  • The site is located in Herefordshire. Average house prices are in excess of £350,000 for the postcode sector;
  • Located adjacent to a new retirement living development of 25 homes;
  • Competition in the catchment is limited, with only two other modern, purpose-built care homes, which are 7 and 15 years old;
  • The site extends to approximately 0.92 acres (0.37 ha);
  • Average fee rates in the catchment are strong at over £900 for nursing care and over £700 for personal care.
Guide Price: Offers invited

Development site for 70-bed care home in Birmingham

Carterwood has been instructed to market a development site on a freehold basis on behalf of an established property developer. 

  • An opportunity to acquire a development site for a 70-bed care home in Birmingham.
  • Outline planning permission for the proposed scheme is currently pending decision following positive pre-application feedback.
  • The former public house site provides excellent access, visibility and prominence, making it ideal for a new care home.
  • The proposed development is situated in a residential area largely comprising new semi-detached and detached housing.
  • The site extends to approximately 0.99 acres (0.40 ha). 
  • Detailed floor plans have been prepared and the home will provide over 50 sq. m GIA per bedspace, a mix of generously sized and premium bedrooms and a vast amount of communal space.
  • There is a shortfall of over 200 market standard bedspaces within the catchment area and just five care homes within 2 miles of the subject site, showing a real opportunity to capitalise on the local market.
Guide Price: Offers invited

C2/C3 retirement development site with Outline Planning Permission - Beeston, Nottinghamshire

A prominent site fronting shops, restaurants and a tram stop linking it to Nottingham City Centre, which is highly suitable for a care home and/or assisted living development.

  • An opportunity to acquire a site with potential to develop an assisted living and/or care home scheme. The site fronts an arterial road and is on a busy stretch of shopping, dining and leisure amenities within 500m of Beeston Town Centre;
  • A tram stop directly fronts the site with stops at Beeston Town Centre, Queens Medical Centre, Nottingham Train Station and Nottingham City Centre;
  • The site extends to approximately 2.21 acres (0.89 ha) and benefits from outline planning permission for C2/C3 retirement development. Further land is available if required providing a total site of 4.31 acres (1.74 ha);
  • Indicative plans suggest the site is suitable for upto 92,500 sq.ft. GIA (8,593 sq.m.) which could comprise assisted living apartments or a mix including a 60 to 80-bed care home;
  • Evidence of assisted living sales rates of £370 to £480 per sq.ft. at the nearby McCarthy and Stone’s River View Court scheme in West Bridgford. There is also evidence of private care home fees exceeding £800 per week within 1 mile of the site.

Purchasers are encouraged to bid on their preferred scheme. Offers will be considered for the whole or part of the site, for assisted living, care home or other associated C2 uses/C3 retirement.

Guide Price: Offers invited

Project Willow, elderly care home group, South West England

Carterwood has been instructed to market a group of elderly care homes, comprising over 120 bedspaces across multiple properties, with potential to significantly improve trading performance.

  • All homes are situated within 10 miles of each other near two market towns in South West England;
  • The group comprises a mix of purpose-built and converted properties. Two of the homes are modern purpose-built assets with full en-suite wetrooms;
  • Average fees are strong with two of the homes achieving in excess of £900 and £1,000 per week respectively:
  • Adjusted four months annualised EBITDA c. £618,000 for the period ending 31 May 2016.
Guide Price: Offers invited

Care home development site, Hereford

An opportunity to acquire either a development site, turnkey or leasehold for a 68-bed care home at Haford Road, Hereford

  • The site comprising the proposed care home extends to 2.13 acres (0.86 ha);
  • Planning permission is being sought on the basis of a 68-bed care home over three storeys, providing 53.4 sq. m GIA per resident;
  • Shortfall of 143 market standard bedspaces within the 3.4 to 6.6 mile catchment;
  • There is evidence of high ceiling fee rates, in excess of £1,000 per week, in the locality;
  • A large portion of the catchment area is characterised by house prices in excess of the national average, reflecting the ability for a prospective purchaser to achieve strong average fee rates for both nursing and residential care.
Guide Price: Offer in excess of £2,000,000

Care home development site, Chilworth

The wealthy population, shortfall of market standard bedspaces and evidence of high average fees result in an exciting opportunity, subject to planning.

  • Proposed care home on a site extending to 0.9 acres (0.36 ha);
  • Prominent site conveniently located in the affluent village of Chilworth approximately 3.5 miles north of Southampton and within minutes of the M27 and M3;
  • Majority of the catchment area is characterised by house prices well in excess of the national average;
  • Shortfall of 962 market standard bedspaces within the site's catchment area.
Guide Price: Offers in excess of £2,000,000

Proposed Care Development, Warwickshire

  • An opportunity, subject to planning, to acquire an excellent site with potential to develop a care home and/or extra care scheme;
  • The site is located within the attractive market town of Shipston-on-Stour, fronting a main road and within 1/2 mile of the busy town centre;
  • The site extends to approximately 1.82 acres (0.74 ha);
  • Indicative plans indicate either a 60-bed care home and 12 extra care apartments (or 24 studio close care units) or alternatively an extra care scheme comprising circa 40 one and two bed apartments with associated communal facilities;
  • The area is characterised by house prices in excess of the national average, which is an excellent indicator for attracting premium fee rates and apartment sales values;
  • Purchasers are encouraged to bid on the basis of their preferred scheme.
Guide Price: Offers in excess of £4,000,000

Proposed 70-bed care home, Oxford

  • Proposed 70-bed care home on a site extending to 1.4 acres (0.56 ha);
  • Extremely prominent site conveniently located in the affluent village of Cumnor, approximately 3.5 miles west of Oxford city centre;
  • Majority of the catchment area is characterised by house prices well in excess of the national average, reflecting the ability for a prospective purchaser to achieve very strong average fee rates for both nursing and residential care;
  • Preliminary scheme prepared on the basis of a 70-bed care home over three storeys, providing 52.3 sq. m. GIA per resident;
  • Shortfall of 200 market standard bedspaces within the catchment.
Guide Price: Offers invited

Proposed 80-bed care home, Bridgend

  • Full planning permission for 80 market standard bedrooms with full ensuite provision;
  • The site benefits from excellent accessibility being located directly off the A473 which acts as the main arterial road through Bridgend;
  • Located within walking distance of the town centre’s shops and amenities;
  • Local authority baseline fees 2014/15 of £500 for residential and £638.61 for nursing (including Welsh NHS FNC of £138.61);
  • The care home will occupy approximately 1.5 acres of a wider 3.4 acre site;
  • The remainder of the site is earmarked for extra care development and is potentially available for sale together with the turnkey opportunity.
Guide Price: OIRO £8,250,000

Turnkey development, 66 bed care home, Welwyn Garden City

  • The proposed home benefits from an accessible and prominent location on a site measuring approximately 1.2 acres (0.49 ha);
  • 66-bedpaces over three storeys (subject to obtaining the necessary planning consents);
  • Complete turnkey package for a proposed care home;
  • Gross Internal Area (GIA) 3,210 sq m, equating to 48.6 sq m per bedspace;
  • Bedroom sizes all at 16.3 sq m excluding ensuite wetrooms;
  • Evidence of strong private personal care and nursing fees being achieved by other care homes in the catchment area.

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