The Chiswick Nursing Centre, Ravenscourt Gardens, Hammersmith, London W6
Price: £18,050,000 - Initial Yield:5.67%
Date: Q3 2012
Acting on behalf of M&G Real Estate we advised on the purchase of this care home from Cardinal Lysander for £18.05m, reflecting a net initial yield of 5.67%.
The property comprises a 146-bed care home let to Ganymede Care (guaranteed by Bupa Care Homes) for a further 16 years with a minimum RPI rental increase in 2015. The passing rent is £1,086,925 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
