CASTLE MEADOWS CARE HOME, DUDLEY, NORTH-WEST BIRMINGHAM. INVESTMENT HIGHLIGHTS
A well-run and established nursing home operating since 2014, registered for a maximum of 51 service users. The last three units available, two at £84,999 and one at £98,999 respectively.
Up to 10% assured NET returns. Paid quarterly income.
9% buyback from year 3 increasing each year to 40% buy back in year 20. 250-year lease registered with HM land registry.
Located in Dudley, 10 miles outside of Birmingham, UK's second-largest city.
The progressive rise in life expectancy in the UK, as in other developed countries, means that there are many more people who are older than 65.
At the same time, the number of care homes in the UK has decreased by more than 50% in the last decade, from approximately 46,500 facilities to about 21,000, as a result of the government’s decision in 2008 to largely stop subsidizing care homes.
These two factors when put together have led to a high increase in demand - and, in turn, created this outstanding investment opportunity.
A LARGER AGEING POPULATION
Today there are more elderly people living in the UK than ever before. The Office for National Statistics predicts a 36% growth in persons aged 85+ between 2015 and 2025, from 1.5 million to 2 million. This is expected to lead to a substantial increase in demand for care home services.
The care homes sector is worth around £15.9 billion a year in the UK, with around 410,000 residents (2017).
It is estimated that the demand for beds in care homes will rise by 60% until 2023 and by 150% until 2043. The many more elderly people living in the UK today, rightfully expect to enjoy the comfort, security and social environment that are so important for those reaching retirement.
In the UK the idea of living in a care home in your golden years is very much embedded in the local culture
Castle Meadows care home provides accommodation, personal and nursing care for up to 51 people who may be living with dementia or a physical disability.
It is a beautiful home – purpose-built accommodation with large landscaped gardens and a conservatory. Home-cooked meals using fresh local produce on-going refurbishment to provide a safe and contained environment.
Its ideal location makes it very easy access to the motorway network, It’s close to the town of Dudley.
Varied and innovative individualized activity programmes including handicrafts, exercise, reminiscent sessions and entertainment are conducted here. The ideal high yielding investment properties.
LOCATION
Dudley is a large industrialised market town and administrative centre in the county of West Midlands, England, 9.7 kilometres (6.0 mi) south-east of Wolverhampton and 16.9 kilometres (10.5 mi) north-west of Birmingham.
Dudley is the administrative centre of the Dudley Metropolitan Borough, and is governed by the Dudley Metropolitan Borough Council. The metropolitan borough, which also includes the towns of Stourbridge, Halesowen and Brierley Hill has a population of 312,925.
SUMMARY
Your investment in this project is placing you at the forefront of this dynamic sector and taking advantage of the following benefits:
Entering a rapidly growing market, with high and steadily growing demand.
Investing in a care home that is managed and operated professionally, based on over a decade of experience.
FAQ'S
What is the full address? 112 Dibdale Road, Dudley, West Midlands, DY1 2RU. United Kingdom.
What is the length of the leasehold? 250 years.
Is there a rental assurance? Yes, the first 20 years are assured at between 8 to 10% NET and it is renewable.
When is my rental income paid? Rental income is paid quarterly in arrears: every January 31st, April 30th, July 31st and October 31st.
Is Stamp Duty applicable? No, it's not applicable.
Will I incur any running costs? No. There will be no additional costs incurred.
Is there a buy-back in place? Yes,
after year 3 the investor can exercise their right to sell back the unit
starting at 110% and up to 125%.
Is the sale handled by UK lawyers? Yes, a team of commercial solicitors who are experienced in this sector have been appointed to act on behalf of investors.
Who will manage my investment? The management team isn’t changing and has been running effectively for the past 30
years.
Can I sell my unit at any time? Investors are permitted to sell any time after completion.
As a non-resident in the UK, am I taxed on this income? If you are a UK resident then, yes, you will be subject to tax. If you are a “non” resident in the UK, then you are classed as an overseas landlord and can apply to HMRC in the UK for exemption.
However, we always recommend our investors seek professional advice from a tax expert as tax is depending on every individual circumstance.
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