Corbets Tey Road, Upminster, Essex, RM14

£1,575,000

Guide price

DESCRIPTION:

A distinctive detached building occupying a prominent corner location close to the Town Centre and amenities. A very long established Home having been in the same hands since 1985 (32 years!). Registered for 20 service users, all accommodated in single rooms over two floors, 8 of which have en-suite facilities. Front parking and rear well tended garden and garage/store.

Location Upminster is a suburban town, and part of the London Borough of Havering. Located 16.5 miles east-northeast of Charing Cross, it is one of the locally important district centres identified in the London Plan, and comprises a number of shopping streets and a large residential area. It was historically, a rural village in Essex and formed an ancient parish. The town has good transport links and was first connected to central London by rail in 1885 and has a terminal station on the London Underground network. Upminster significantly expanded and increased in population, becoming part of Hornchurch Urban District in 1934, and has formed part of Greater London since 1965.

Property This distinctive building sits on a plot of approx. 0.2 of an acre, with parking to the front and rear garden. Arranged over ground and first floor levels with a total of 19 single rooms (6 on the ground floor with 4 en-suite and 13 on the first floor with 4 en-suite). Also at ground floor are 3 lounges, Conservatory/Dining Room, Bathroom/WC and separate WC, fully equipped kitchen and an Office. The first floor has 2 Bathrooms/WC's. Rear garden with a number of storage units and an extended garage/store.

Trading Information The latest accounts for the year ended 31st March 2017 show turnover of £625,544 (up 31% on 2016), a gross profit of £547,547 and an operating profit of £181,113.

Method Of Sale This is being offered for sale as a going concern, together with the freehold interest in the property, and will therefore be subject to the usual TOCG and TUPE regulations. The freehold property and the business and fixtures and fittings are owned by a Limited Company, and the sale can be by way of either an asset sale or share transfer.

Tenure Freehold.

EPC A copy of the EPC is available upon request.

Legal Fees Each party is to be responsible for their own legal fees.

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Dedman Gray

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