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
THE CARE HOME
The Court Care Home is situated in a pleasant area, nestled behind mature trees and overlooking the lovely Megaw Park. Situated close to local shops and public transport, so visitors find it easy to pop-in at any time.
The operators offer 24-hour nursing care for those who have complex medical needs, and for people living with dementia. They also provide respite care for those who would benefit from a change of scenery and good company, or for carers to take a short break.
There is a dedicated chef and catering team who work to create meals that are nutritious and tasty, using fresh, seasonal produce. For extra variety, a range of occasions are celebrated throughout the year, with special meals and events.
The Court Care Home offers strong connections with the local community and our events and activity programme includes something for everyone with the opportunity for lots of socialising or quiet time if preferred.
If a resident has a hobby or pastime they enjoy, they are encouraged to continue it at the care home. Or perhaps they may like to rekindle a love of something or possibly learn something new. The important thing is that every resident is treated as an individual.
LOCATION
Ballymoney The Ballymoney area has the highest life expectancy of any area in Northern Ireland, with the average male life expectancy at birth being 79.9 years and 83.8 years for females in years between 2010 and 2012.
The Giant’s Causeway Slightly north of Ballymoney is the famous UNESCO World Heritage Site the Giant’s Causeway as featured on the US TV hit show Game Of Thrones.
Between Belfast & Derry Nestled between the famous Belfast and Derry, you can get to either within the hour offered by the various transport available.
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? 1a QUEENS AVENUE, BALLYMONEY, BT53 6DF.
What is the length of the leasehold? 125 years.
Is there a rental assurance? Yes, the first 25 years are assured at 10% NET.
When is my rental income paid? Rental income is paid quarterly in arrears.
Is Stamp Duty applicable? No, as it’s a commercial purchase.
Will I incur any running costs? There will be no additional costs incurred during the 25 year period.
Is there a buy-back in place? Yes, after year 5 either the investor or the developer can exercise their right to sell/buy back the unit starting at 110% and up to 125%.
Is the sale handled by NI 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 number of 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.
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