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Priory Care Home Investment Portfolio NI
priory care homes northern ireland sold, subject to contract

Priory Care Home Investment Portfolio NI

Care home portfolio for sale Northern Ireland .

3 Care Homes Leased to Priory Group for sale. Including Apple Mews, Armagh and Edenmore, Jordanstown. Offers invited in the region of £14,366,000

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Opportunity to acquire 3 purpose built Care Homes, leased with Priory Group as Guarantor for 25-30 years. Can be acquired together or separately. We are seeking offers in excess of £14,366,000 (net of 6.8% purchasers costs), subject to contract, for the freehold interest of the three properties, exclusive of VAT. This offer reflects a net initial yield of 6.7%.

Features of these properties

Apple Mews 1

  • Apple Mews is located within a residential culde-sac off Cathedral Road, which is only 600 metres into the centre of Armagh.
  • Comprise 5 x 6 bedroom bungalows (modern purpose built)30 beds
  • Term: 30 years from 29th October 2012 (c25 years unexpired)
  • Current rent -£223,000 per annum (£7,433 per bed per annum). Based on latest accounts, this provides c3.21X rent cover.
  • Priced individually at £3,314,000 (reflecting a NIY of 6.3%)
  • Guarantor: Priory Investments Holdings Limited, Tenant: Priory (Watton) Limited

 

Apple Mews 2

  • The Apple Mews 2 development is to be an extension to Apple Mews 1.
  • The development will comprise 2 x 6 bedroom bungalows and 2 x 11 bed units; a total of 34 beds
  • Works are due to complete on Apple Mews 2 in Q1 2018,
  • Starting Rent: £391,000 p.a. (£11,500 per bed per annum)Rent Forecast 2020: £410,794 (after 2 rent reviews) –2.26X rent cover*
  • Priced individually at £5,230,000 (reflecting a NIY of 7%)
  • Guarantor: Priory Group No. 3 Limited, Tenant: Parkcare Homes (No. 2) Limited

 

Edenmore Jordanstown

  • Edenmore is located on the coast off the M5 within Newtownabbey which is a is large settlement, approximately 8 miles north of Belfast in County Antrim
  • Newly built 36 bed unit which opened fully in February 2017. Comprises 2 parts –Loughshore& Shaftsbury
  • Loughshore is a specialist autism service for people aged 18 years and over with a learning disability, who may at times present behaviours that challenge.
  • Current rent: £414,000 p.a. (£11,500 per bed per annum) = 3.52X rent cover*
  • Priced individually at £5,829,000 (reflecting a NIY of 6.65%)
  • Guarantor: Priory Group No. 3 Limited, Tenant: Parkcare Homes (No. 2) Limited

 

Priory care homes for sale Armagh
Priory care homes for sale Newtownabbey
Priory care homes for sale siteplan Newtownabbey

 

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Property Description

Apple Mews
Situated in cathedral road, Armagh we are conveniently located near local amenities including cinemas, cafes & swimming pools. The bungalows in Apple mews is specifically designed to create a homely experience for the residents to help reduce stress, while being able to maintain the physical complex needs of a care home such as overhead hoists in the bedrooms. Apple mews 2 is to be an extension of Apple mews 1 but is held under a separate lease agreement. The site is going to be within the existing Apple mews scheme and it will share an access with Apple mews 1. The overall site for Apple mews 1 & 2 extends to 3.8 acres

 

Edenmore
Situated on the coast off the M5 with Newtownabbey which is approximately 8 miles north of Belfast. It is a largely residential area comprised of 2 parts Loughshore & Shaftsbury, Loughshore is a specialist autism service for people aged over 18 with learning disabilities who may at times present behaviours that challenge. All the bedrooms are an en-suite with a secure garden fully accessible for residents. The 3 separate bungalows are called Shaftsbury with 3×6 bedrooms.

 

ACCOMMODATION & LOCATION 
Apple Mews 1
Address: Apple mews 1, 95 Cathedral Road, Armagh, Co. Armagh, BT61 8AB
Rooms: Apple mews consists of 5×6 bedrooms bungalows, It has a total of 30 rooms.
Apple Mews 2
Address: Apple mews 2, 95 Cathedral Road, Armagh, Co. Armagh, BT61 8AB
Rooms: The development will consist of 2×6 bungalows with 2 x 11 bed units, It has a total of 34 rooms.
Edenmore Jordanstown
Address: Edenmore Jordanstown, 646 Shore Road, Newtownabbey, BT37 0PR
Rooms: Edenmore consists of 3×6 bungalows with 1×18 bed units, It has a total of 36 rooms.

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high street omagh

High Street Omagh

Public House/licenced Premises, 9 High Street Omagh, BT78 1BA

A substantial 3 storey terraced building of traditional construction in high street Omagh extending to approximately 5,223 sq. ft. Offers invited in the region of £200,000

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Features of this property

  • Substantial Town Centre Licenced premises extending to c. 5,223 sq. ft. over 3 floors
  • Currently fitted with bar areas on ground and first floors and living accommodation on the second floor
  • The property occupies a site of c. 0.12 acres with secure yard to the rear at high street omagh.
  • May be suitable for a variety of uses subject to Planning Permission
  • Offers invited in the region of £200,000 exclusive
high street omagh
high street omagh
high street omagh

Property Description

A substantial 3 storey terraced building of traditional construction extending to approximately 5,223 sq. ft. The ground floor comprises of a main bar with seating areas and male and female WCs. The first floor has another large bar to the rear and a bar to the front of the building suitable for private functions. The second floor offers flexible living accommodation. The overall site extends to 0.12 acres and includes a secure yard to the rear.

The property may be suitable for a variety of uses subject to planning permission.

FIXTURES AND FITTINGS
The property has 3 fitted bars with lighting, CCTV, fire alarm systems all in place. Internal refurbishment is required over the 3 floors. Please note we have not carried out testing on services, electrics or fixtures and fittings.

LICENCE
The property benefits from an Article 5 (1) (a) Intoxicating Liquor Licence. Perspective purchasers should make their own enquiries as to the status of the Licence.

ACCOMMODATION
Ground Floor
Bar Area: 99.12 sq. m. 1,066.95 sq. ft.
WCs: 11.92 sq. m. 128.31 sq. ft.
First Floor
Front Bar Area: 49.51 sq. m. 532.93 sq. ft.
Rear Bar: 92.59 sq. m. 996.66 sq. ft.
WCs: 19.5 sq. m. 209.90 sq. ft.
Storage: 8.30 sq. m. 89.34 sq. ft.
Reception Area: 20.58 sq. m. 221.52 sq. ft.
Second Floor
Living Accommodation: 183.78 sq. m. 1,978.26 sq. ft.
TOTAL: 485.3 sq.m. 5,223.88 sq. ft.

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enmbankment omagh

The Embankment Old Market Place Omagh

The Embankment, 3 Old Market Place, Omagh, BT78 1BT

Development site of c. 13.8 acres with Planning Consent for a Residential Institution for Child and Adolescent care.Offers are invited in the region of £295,000 exclusive.

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Features of this property

  • A substantial Riverfront Licensed premises arranged over 2 no. floors extending to c. 4,383 sq. ft.
  • Located in Omagh Town Centre with views over the Strule River
  • May be suitable for a variety of uses subject to Planning Permission
  • Offers are invited in the region of £295,000 exclusive

Property Description

The subject property extends to c. 4,383 sq. ft. The ground floor consists of the main Bar and Restaurant area with male and female WCs. The first floor offers a lot of open space and was formerly used as a night club which has two further fitted bars and WCs. The property is of traditional construction with a pitched slate roof and double glazed windows . A terrace area opens to the rear of the unit with views over the Strule River. High footfall due to pedestrian bridge linking the new Oasis Plaza public realm with Old Market Place and Town Centre.

FIXTURES AND FITTINGS 
The property has 3 no. fitted bars finished to a high standard including lighting, bar fit out and coolers. Internally the building is finished with painted and plastered walls throughout with tiled and wooden floors on both levels. The property is fitted with CCTV, fire alarm systems, security alarm systems and a B.E.A.M. vacuum system. Please note we have not carried out testing on services, electrics or fixtures and fittings.

LICENCE
The property benefits from an Article 5 (1) (a) Intoxicating Liquor Licence. Perspective purchasers should make their own enquiries as to the status of the Licence.

ACCOMMODATION
Ground Floor
Bar Area: 104.45 sq. m. 1,124.87 sq. ft.
WCs: 36.0 sq. m. 387.51 sq ft.
Kitchen: 11.72 sq. m. 126.15 sq. ft.
Total: 152.17 sq. m. 1,638.53 sq. ft.
Second Floor
Night Club Area: 224.04 sq. m. 2,411.62 sq. ft.
WCs: 31.6 sq. m. 333.70 sq. ft.
Total: 255.64 sq. m. 2,745.32 sq. ft.
Total: 407.81 sq. m. 4,383.74 sq. ft.

PRICE
Offers are invited in the region of £295,000 exclusive.

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temple-patrick-healthcare-site

Ballyclare care home development opportunity

182 Templepatrick Road, Ballyclare, BT39 0RA

Development site of c. 13.8 acres with Planning Consent for a Residential Institution for Child and Adolescent care.

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Features

  • Site includes a detached dwelling and outbuildings.
  • Close proximity to Ballyclare town centre and the M2 Motorway Network.
  • Offers in excess of £375,000.

Planning:

The property benefits from the following planning consents:

  • Application Ref: U/2012/0212/F
  • Proposal: Erection of Class 3 Residential Institution for Child and Adolescent care Amendment to previous approval to include additional provision for Adult Eating Disorder Service.
  • Decision: Approval granted 12th Oct 2012
  • Application Ref: U/2006/0699/F
  • Proposal: Demolition of existing dwelling and erection of a Use Class C3 Residential Institution for child and adolescent care.
  • Decision: Approval granted 28 Oct 2009

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