close

Profitable Serendipity Care Home put up for sale for £1.7m

Serendipity low res

A profitable nursing and residential home in Greater Manchester has been placed on the market with an asking price of £1.7m.

Serendipity Care Home, which is being offered as a freehold property, is situated close to Urmston Railway Station within the Metropolitan Borough of Trafford. It occupies a “sizeable” plot and is surrounded by private residential housing.

The property is a three-storey detached building which has been extended to the side and rear with a two storey purpose-built care home extension. The property has also been reconfigured to mirror that of a purpose-built home, and features ample car parking and a conservatory within an enclosed courtyard.

Story continues below
Advertisement

The home is registered for 45 service users with 23 en-suite bedrooms. It is currently operating with high occupancy.

Christie & Co, which put the property on the market, said that having undergone a huge scheme of refurbishment work, it could almost be compared to a new-build home within the shell of the old building.

“The business is trading exceptionally well with profits exceeding £300,000 per annum,” said associate director Gary Yeardley. “The biggest attraction of all is the asking price at only £1.7m which represents exceptional value in the current market.”

Andrew Seymour

The author Andrew Seymour

Leave a Response