Apple Mews Care Home
10% NET yield assured for 25 years
Only 3 large rooms available from £72,950
Apple Mews is an exceptional Care Home situated in the Acklam area of Middlesbrough. It is a profitable 5* rated purpose built care home, fully occupied, with addition of new special needs unit and a total of 43 rooms. All rooms come with an en-suite WC, telephone and internet points and have free Wi-Fi at no extra cost. There is a lift to all three levels and excellent wheelchair access. Each floor has lounges and dining rooms, where nutritious, delicious meals are served. The home is ideally located close to local shops and has good public transport access.
Apple Mews offers care for the elderly and services include Residential and Dementia Residential Care and General Nursing Care. Some of those living in the home may simply enjoy being in a secure, caring environment; others require complex 24-hour nursing care.
In every case, they serve with patience, kindness and understanding. The Care Home has large gardens and furnished patio areas where residents and their visitors love to spend time. Care is given to those requiring Nursing or Personal Care and residents with Dementia, Mental Health conditions, Physical Disabilities and Sensory Impairments.
An Outstanding Opportunity
The progressive rise in life expectancy in the UK, as in other developed countries, means that there are many more people who are older than 65.
At the same time, the number of care homes in the UK has decreased by more than 50% in the last decade, from approximately 46,500 facilities to about 21,000, as a result of the government’s decision in 2008 to largely stop subsidizing care homes.
These two factors when put together have led to a high increase in demand - and, in turn, created this outstanding investment opportunity.
A Larger Ageing Population
Today there are more elderly people living in the UK than ever before. The Office for National Statistics predicts a 36% growth in persons aged 85+ between 2015 and 2025, from 1.5 million to 2 million. This is expected to lead to a substantial increase in demand for care home services. The care homes sector is worth around £15.9 billion a year in the UK, with around 410,000 residents (2017).
A Higher Demand for Beds
It is estimated that the demand for beds in care homes will rise by 60% until 2023 and by 150% until 2043. The many more elderly people living in the UK today, rightfully expect to enjoy the comfort, security and social environment that are so important for those reaching retirement. In the UK the idea of living in a care home in your golden years is very much embedded in the local culture.
This part of North East Yorkshire abounds with places of interest such as Ormsby Hall,a National trust property, which is just 4.5 miles away and a 12 minute drive, Ideal for a visit with your loved ones.
What is the length of the leasehold?
Is there a rental assurance?
Yes, the ﬁrst 25 years are assured at 10% NET.
When is my rental income paid?
Rental income is paid quarterly in arrears.
Is Stamp Duty applicable?
No, as it’s a commercial purchase.
Will I incur any running costs?
There will be no additional costs incurred during the 25 year period.
Is there a buy-back in place?
Yes, after year 5 either the investor or the developer can exercise their right to sell/buy back the unit starting at 110% and up to 125%.
Is the sale handled by UK lawyers?
Yes, a team of commercial solicitors who are experienced in this sector have been appointed to act on behalf of investors.
Who will manage my investment?
The management team isn’t changing and has been running effectively for the past 20 years.
Can I sell my unit at any time?
Investors are permitted to sell any time after completion.
As a non-resident in the UK, am I taxed on this income?
If you are a UK resident then, yes, you will be subject to tax. If you are a “non” resident in the UK, then you are classed as an overseas landlord and can apply to HMRC in the UK for exemption.