The subject is a former care home comprising an original house and substantial two storey extensions. The property has a total of 20 en-suite rooms. The ground floor has a large communal kitchen and living area with six en-suite rooms and four studio bed-sit rooms with small tea point kitchenette with sink. The second floor will also have a communal dining\/kitchen, six en-suite rooms and six studio bed-sit rooms with en-suite and tea point kitchenette. <\/p>\n\n\n\n
The property is now occupied by the tenant and providing supported living. <\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Elm Tree Nursing Home, 37a Ogle Street, Hucknall, Nottingham NG15 7FQ<\/p>\n \u00a31.6m guide price This asset is subject to a 2% Buyer\u2019s Fee + VAT<\/p>\n","protected":false},"featured_media":919,"template":"","sale_status":[8],"class_list":["post-913","property-land","type-property-land","status-publish","has-post-thumbnail","hentry","sale_status-available"],"acf":[],"_links":{"self":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/property-land\/913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/property-land"}],"about":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/types\/property-land"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/media\/919"}],"wp:attachment":[{"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/media?parent=913"}],"wp:term":[{"taxonomy":"sale_status","embeddable":true,"href":"https:\/\/propconnections.co.uk\/wp-json\/wp\/v2\/sale_status?post=913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u00a3150k\/annum lease income
\n8.33% gross yield (9.38% at guide price)
\n20yr lease with 10yr break clause
\nRent reviews every 5yrs based on RPI index
\nFully renovated in 2023
\nProvider has been in place and successfully running for 1 year
\nExperienced provider with over 4yrs experience with CIC in place
\nProvider has contracts with two local councils and several of local hospitals
\nPlease see care provider here: https:\/\/www.cwerhere.co.uk\/complex-care\/<\/p>\n