Heather View, Beacon Road, Crowborough
Price: £8,100,000 - Initial Yield:6.91%
Date: Q1 2012
Acting on behalf of Metnor we advised on the sale of this care home investment to British Aerospace Pensions for £8.1m, reflecting a net initial yield of 6.91%.
The property comprises a newly developed (2011 build), highly specified 74-bed care home. Services include residential nursing care and specialist dementia care, in addition to long term elderly care. Let Care UK community Partnership for a further 29.5 years with RPI increases, at a current rent passing of £592,489 p.a.
Contact
John Ellison
Tel:
020 7493 3330
Mob:
07889 437 236
jellison@lewisellis.co.uk
James Caddick
Tel:
020 7493 3330
Mob:
07771 882 860
jcaddick@lewisellis.co.uk
