High Yielding Care Home Investment

For Sale

27, 28, 31, 32 & 35 Mayfair Court | Woodchurch Road | Prenton

| Birkenhead

| CH43 5XP

1,234

Offers in the region of

Summary

For sale on behalf of Fixed Charge Receivers
New 20-year lease with CPI + 1% per annum rent increases
Tenant – Salisbury Independent Living, housing association
Effectively Government-underwritten income
Freehold

Location

Birkenhead is a large town located on the Wirral Peninsula in Merseyside, on the west bank of the River Mersey directly opposite Liverpool. The town benefits from strong transport links and proximity to major road and rail networks.

Birkenhead is located approximately 6 miles (10km) west of Liverpool via the A41, Manchester is 45 miles (72 km) to the East and easily accessible on the M62. Birkenhead lies some 200 miles (322km) north-west of Central London accessible via the M53 which connects with the wider national motorway network.

Birkenhead is only 8 minutes by rail from Birkenhead Central to Liverpool Lime Street. Liverpool Lime Street is the main intercity hub and provides easy connections to London in a little over two hours and Manchester in approximately one hour.

Liverpool John Lennon Airport is only 12 miles (19km) south-east of Birkenhead.

Situation

Mayfair Court is located in Prenton, a well-established suburb of Birkenhead, offering excellent local amenities within easy reach. A variety of cafés, restaurants, and takeaways are just a short walk away, with major supermarkets including Sainsbury’s, Tesco, and Iceland all within 0.2 to 0.5 miles (0.3 to 0.8km).

The nearby Rock Retail Park, just 0.5 miles (0.8km) away, features popular retailers such as B&M, Home Bargains, and McDonald’s. For a broader shopping experience, the Pyramid Shopping Centre is 1.3 miles (2.1km) away, boasting over 100 stores, a food court, and two multi-storey car parks accommodating over 1,100 vehicles.

Birkenhead is undergoing significant regeneration, supported by a £25 million Towns Fund investment and additional backing from Homes England and the Liverpool City Region Combined Authority through the Birkenhead Urban Village project. The area will be further boosted by funding from Homes England and the Liverpool City Region Combined Authority for the Birkenhead Urban Village project.

Description

The property comprises five one-bedroom flats in a brick construction residential development built in the early 2000’s. The flats are self-contained and arranged over three storeys benefitting from their own communal entrance.

There are two flats on both the ground floor and first floor with a further one-bedroom flat on the second floor. Each flat comprises of a small hallway leading to one bedroom, a bathroom and an open plan reception room and kitchen.

The communal parts feature expansive windows that allow for an abundance of natural light in the carpeted stairway and communal hallway.

Accommodation

The property has been measured by BKR Floorplans and provides the following accommodation:

Gross internal Area – floor by floor
Ground Floor	110.83 sq m	1193 sq ft
First Floor	110.83 sq m	1193 sq ft
Second Floor	66.98 sq m	721 sq ft
Total Gross Internal Area	288.64 sq m	3107 sq ft

Gross Internal Area – Flats
Flat 27	41.53 sq m	447 sq ft
Flat 28	52.58 sq m	566 sq ft
Flat 31	52.58 sq m	566 sq ft
Flat 32	41.53 sq m	447 sq ft
Flat 35	52.58 sq m	566 sq ft
Total Gross Internal Area – Flats	240.80 sq m	2592 sq ft

A set of floor plans is available to download, and the measured survey report will be re-addressed to a purchaser.

EPC

Flat 27	C	Valid until 6^th August 2035
Flat 28	C	Valid until 6^th August 2035
Flat 31	B	Valid until 6^th August 2035
Flat 32	C	Valid until 6^th August 2035
Flat 35	C	Valid until 6^th August 2035

Tenure

The flats are held by way of a 125 year lease from 1^st October 2005 at a ground rent of £250 per annum. The demise comprises the whole of each flat, excluding the external structures, windows and any surfaces outside of the property. The freeholder is Freehold Managers (Nominees) Limited. The property is managed by “Premier Estates” .

Details relating to the service charge are available to download from the data room. The service charge budget for the year 1^st October 2024 to 30^th September 2025 is £49,968. For the period 1^st October 2025 to 30^th September 2026, the service charge budget is £57,457 equating to £1,689.90 for each flat.

The total ground rents of the five flats amounts to £1,250 per annum.

Tenancy

The property is let to Salisbury Independent Living (company number 03966646) for a term of 20 years from 17^th September 2025, on full repairing and insuring terms.

Rents are paid quarterly in advance. Rent reviews are annual, upwards only, in accordance with increases in the Consumer Price Index plus 1%.

The current passing rent is £57,834.40 per annum.

After allowing for the ground rent, the net income to an investor will be £56,584.40 per annum.

VAT

The property has not been registered for VAT.

Proposal

The property is available as part of the portfolio for which we are instructed to seek offers in the region of £4,000,000 (Four Million Pounds), subject to contract.

Investment Considerations

An opportunity to acquire an investment within the care sector
The property is let on a new 20 year lease
The lease provides for rent increases based upon CPI + 1% annually
The rent is effectively underwritten by Government, thereby providing secure income
The property forms part of a portfolio, available at an attractive net initial yield

Disclaimer

Fixed Charge Receivers Andrew Pear and Milan by the powers given by the Mortgage and all other powers given by statute or otherwise who act as agents for the Company and without personal liability. Both Fixed Charge Receivers are licenced by the Insolvency Practitioners Association and are bound by the Insolvency Code of Ethics.

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Neil Singer

+44 (0) 207 935 7200

neil@singervielle.co.uk

Dale Henry

+44 (0) 203 701 1356

dale@singervielle.co.uk

Sam Kayne-Levenson

+44 (0) 203 478 9121

sam@singervielle.co.uk

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Property address: 27, 28, 31, 32 & 35 Mayfair Court | Woodchurch Road | Prenton , Birkenhead, United Kingdom

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*note: variations may occur depending upon territory.

clicktopurchase® uses hash and encryption technology as part of the creation of the transactional audit trail; this is then recorded in the clicktopurchase® Blockchain.

Partners within the SV International Network

Our unique and modern approach, available to all members of our network, delivers significant and proven advantages over the traditional methods.

A unique transactional concept where purchasers, owners and agents conclude the property sale process online. It provides the facility for a legally binding exchange of digitally signed contracts to be conducted.

*note: variations may occur depending upon territory.