Whitchurch Lane, Edgware, Middlesex, HA8

£3,250,000

Guide price

DESCRIPTION:

On a plot of some 0.43 of an acre and comprising a detached 27 room Care Home (23 singles, 14 with en-suite, and 4 doubles). Registered for 32. Parking to the front for 10-11 cars. Rear gardens. The Home has been in the same hands since 1993, and is now being offered for sale as part of our Clients retirement plans.

Location Edgware is a district of north London in the Borough of Barnet, some 10 miles north-northwest of Charing Cross. The town has its own very vibrant commercial centre, is generally suburban in character, and benefits from some elevated woodland on a high ridge marking the Hertfordshire borders. The town is identified in the London Plan as one of the capital's 35 major centres.

Property Comprising an impressive parade of substantial properties, having been adapted a number of years ago. There are a total of 27 rooms, comprising 23 singles rooms, 14 of which have en-suite facilities, and 4 double rooms. Registered for 32 service users. The ground floor also provides additional accommodation including a Conservatory, large Residents Lounge, Dining Room, Commercial Kitchen, Laundry Room and Office. To the front, a car park for 10-11 cars and lawned rear gardens.

Turnover The accounts of the business for the year ended 30th September 2018 show sales of £1.068m with an operating profit of £286,735. Copies of these, as well as those for the previous years, are available to parties able to provide the necessary bona fides.

Tenure Freehold.

Business Rates The current use of the properties results in 100% Business Rates Relief.

Potential The immediate location is typified by good quality housing stock. For those and other reasons, we believe there is significant development potential to perhaps some other form of Care use.

Method Of Sale The property and trading entity are being offered for sale by way of share transfer.

Legal Fees Each party is to be responsible for their own legal fees. In addition, the purchaser shall also be responsible for the vendor's corporate due diligence legal costs incurred as a result of the sale of the shareholding rather than a sale of the property.

CQC Report A copy of the November 2019 report is available on request. This shows that the Home was classed as 'Good' across the 5 key sectors.

Viewing All arrangements to inspect the property are to be made via Gerard Biagioni of Dedman Gray on 01702 311 037.

Arrange viewing 01702 781134

Dedman Gray

103 The Broadway, Thorpe Bay, Essex

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