Hotel/guest house for sale in Lodge Road, Essex CM9

A very long established care home, registered to accommodate 24 residents across 20 bedrooms has been operating for around 40 years, with our clients owning the business since 2009. Care is provided for residents who are confused or suffer with dementia, as well as those who are mentally alert but rather physically frail needing help with the activities of daily living. The home prides itself in providing a tranquil and peaceful environment for all residents. The Care Quality Commission cqc report from 22nd February 2022 gave the home a Good rating across all categories. The property has massive potential with planning permission to convert the lower ground floor area into two self contained flats, the appeal decision can be viewed on Maldon District Council Planning Portal under Appeal Ref: App/X1545/W/20/3251094 which was approved appealing on the decision from the application Ref ful/mal/19/01276, dated 6 December 2019. There are also private/quiet rooms which could easily be converted to provide additional bedrooms to help accommodate more residents. The business has close links with outside Service Providers, including the Mental Health Team, GPs, Pharmacists, Social Services, Churches and schools. Ref: RX260735 - H6736E

Location

Set in a private picturesque setting, just south of the River Chelmer, the property is approached by a private road set in a conservation area and enjoys phenomenal far reaching views. The immediate surrounding area is mainly parkland with some residential properties, however, is just 0.3 miles from the High Street and 0.5 miles from St Peters Hospital

The Premises

Externally, the property has a car parking area to the front for 12+ parking spaces, a secure enclosed lawned area for residents with stone walls, fencing and a gate.

Bedrooms

The property itself is a detached Grade II listed property set in a plot of around 0.5 acres, currently arranged to provide 20 bedrooms, with 16 of those being single rooms and 4 double rooms offering care for up to 24 residents. We are advised 18 of the rooms have en-suites, leaving only 2 rooms without en-suites. 4 of the 20 rooms are within the converted stable block which is attached to the main building

Living Accommodation

In addition to the bedrooms, there are 3 lounge/dining areas, commercial kitchen, office, laundry room, boiler room, linen store, wet room, shower room, WC and other private/quiet rooms.

There is a lift which services the lower ground floor, with 4 of the 20 bedrooms positioned there. Our client has planning permission to convert these lower ground floor areas into 2 self-contained flats

Staff

The care home is operated by the vendors, with the assistance of senior care assistants, care assistants, domestic and laundry assistants, in addition to a full kitchen staff. The staff have varying skill mixes to meet the needs of the residents

Turnover

The 3-year average turnover for the business is £727,178 with the 3-year average profit before tax being £126,696. The most recent year end accounts for period ending 31st May 2022 confirm a net turnover of £684,140 with an operating profit before tax of £86,766. The year end 31st May 2021 accounts confirmed a net turnover of £762,026 with a profit before tax of £160,813. The year end 31st May 2020 confirm net turnover of £735,367 with a profit before tax of £132,510

Legal Costs

Each party are to be responsible for their own legal costs incurred in the transaction

Disclaimer

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission