High Yielding Care Home Investment

For Sale

Salisbury Court | 31-33 Egerton Park | Rock Ferry

| Birkenhead

| CH42 4RA

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

Salisbury Court is situated on Egerton Park in the established residential area of Rock Ferry, Birkenhead. Known for its wide avenues, period homes, and proximity to the River Mersey, Rock Ferry offers a peaceful suburban setting with strong transport links and access to local amenities. Rock Ferry Promenade and the Wirral Circular Trail, just 0.5 miles (0.8km) away, provide scenic walking and cycling routes with panoramic views across the River Mersey.

For everyday shopping, a Tesco Superstore is located approximately 0.7 miles (1.1km) from the property, with additional options at The Croft Retail Park (2.3 miles / 3.7km), which hosts a variety of major retailers including TK Maxx, Hobbycraft, Pure Gym, The Works, Card Factory, Superdrug, The Range, JD Sports and Sports Direct and Smyths Toys and leisure facilities include an Odeon Cinema and many restaurants and fast food outlets such as Subways, Five Guys, Nando’s and Burger King.

Rock Ferry and the surrounding area continue to benefit from ongoing regeneration efforts as part of the wider Birkenhead Urban Village masterplan, supported by the Liverpool City Region Combined Authority and Homes England.

Description

The property comprises a substantial purpose built three storey residential block with fourteen self-contained one-bedroom flats each with one bedroom, a bathroom and separate kitchen and reception room.

The basement comprises of a large games room and staff room. The ground floor comprises four one-bedroom flats, an office and an L shaped communal room. The first floor comprises five one-bedroom flats and the second floor mirrors the layout of the first floor with five one-bedroom flats. The property benefits from a generous garden to the rear of the property.

Accommodation

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

Gross Internal Area Floor by Floor
Basement	96.24 sq m	1036 sq ft
Ground Floor	239.40 sq m	2577 sq ft
First Floor	202.15 sq m	2176 sq ft
Second Floor	202.15 sq m	2176 sq ft
Total Gross Internal Area	739.95 sq m	7965 sq ft

Gross Internal Area – Flats
Flat 1	32.70 sq m	352 sq ft
Flat 2	37.25 sq m	401 sq ft
Flat 3	36.05 sq m	388 sq ft
Flat 4	32.70 sq m	352 sq ft
Flat 5	32.70 sq m	352 sq ft
Flat 6	34.74 sq m	374 sq ft
Flat 6A	28.15 sq m	303 sq ft
Flat 7	34.93 sq m	376 sq ft
Flat 8	32.70 sq m	352 sq ft
Flat 9	32.70 sq m	352 sq ft
Flat 10	34.74 sq m	374 sq ft
Flat 10A	28.15 sq m	303 sq ft
Flat 11	34.93 sq m	376 sq ft
Flat 12	32.70 sq m	352 sq ft
Staff Room	43.85 sq m	472 sq ft
Total Gross Internal Area – Flats	509.00 sq m	5479 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 1	C	Valid Until 6th August 2035
Flat 2	C	Valid Until 6th August 2035
Flat 3	C	Valid Until 6th August 2035
Flat 4	C	Valid Until 6th August 2035
Flat 5	C	Valid Until 6th August 2035
Flat 6	C	Valid Until 6th August 2035
Flat 6A	C	Valid Until 6th August 2035
Flat 7	C	Valid Until 6th August 2035
Flat 8	C	Valid Until 6th August 2035
Flat 9	C	Valid Until 6th August 2035
Flat 10	C	Valid Until 6th August 2035
Flat 10A	C	Valid Until 6th August 2035
Flat 11	C	Valid Until 6th August 2035
Flat 12	C	Valid Until 6th August 2035

Tenure

Freehold.

Tenancy

The property is let to Salisbury Independent Living (company number 03966646) for a term of 20 years from XXX, 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 £x 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 £x (xx Million, XX Thousand Pounds).

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.

Singer Vielle Finance Services

Contact our team if you are seeking senior debt, bridging finance or development finance.

Contact Lead Agent

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: Salisbury Court | 31-33 Egerton Park | Rock Ferry , Birkenhead, United Kingdom

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

*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.