Freehold Confidential Investment, Project Otter, Established Integrated Retirement Community, East Devon
12 acres / Other / Investment
For Sale
Available - Last updated: 05 February 2025
An excellent opportunity to acquire the freehold investment interest in a Care Home and established integrated retirement community in the Southwest.
Offers are to be submitted by 1pm (GMT) on Friday 14th February 2025 by email to Bethany.newman@christie.com
Key highlights include
- Affluent and desirable location with the overall site extending over 12 acres
- Care home let to national care provider
- Current rent of c£448k with annual upwards only index linked reviews
- FRI lease with an unexpired term of c18 years
- EPC rating of “B”
- Mature village community of 32 bungalows & clubhouse
- All bungalows sold off on a long leasehold basis
- Additional revenue streams of event fees, service charge income and ground rents
- Further asset management potential
Terms
A full information memorandum is available following receipt of a signed NDA. Please contact Beth Newman for further information - bethany.newman@christie.com
Property Quote Price(s)
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For Sale Freehold
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