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High Yielding Care Home Investment
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for sale
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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.
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
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 6th August 2035 |
Flat 28 | C | Valid until 6th August 2035 |
Flat 31 | B | Valid until 6th August 2035 |
Flat 32 | C | Valid until 6th August 2035 |
Flat 35 | C | Valid until 6th August 2035 |
Tenure
The flats are held by way of a 125 year lease from 1st 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 1st October 2024 to 30th September 2025 is £49,968. For the period 1st October 2025 to 30th 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 17th 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.
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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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Contacts
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