Care home development site, Hereford

Guide Price: Sold

Location: 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.
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