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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
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.
Contacts
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Singer Vielle
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Vendor's Solicitor Firm
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