kingstonproperties

I N T E R N A T I O N A L

The Court Care Home

Trusted Care Peace of Mind

Northern Ireland

The first 25 years are assured at 10% NET

 

The Court Care Home is a purpose-built home nestled behind trees in Ballymoney, Nr Belfast, Northern Ireland. The Care team offers nursing care for those who have complex medical needs, as well as 24hour nursing dementia care provided by specialist teams trained in the complexities of looking after those living with dementia, who may also have other long-term medical conditions. We also provide respite care to give family or friends a well-earned break.

 

The court Care Home is registered to care for up to forty-four individuals, offering a wide range of nursing packages as well as respite care provision.

 

The home has scenic gardens and is set up to suit both an active and an independent lifestyle, while incorporating as many new healthcare techniques and care technologies as possible.

 

Good nursing qualifications and care experience have enabled staff to achieve high standards of care, while making the most of a secure and hygienic living environment.

 

Facilities & Services: Respite Care • Convalescent Care • Own GP if required • Own Furniture if required • Smoking not permitted • Close to Local shops • Near Public Transport • Lift • Wheelchair access • Gardens for residents • Television point in own room.

 

As An Investment  The profit achievable from each room far exceeds any buy-2-let, with average rooms rates in The Court at £720 per week. Gross profit and yield per annum is therefore £37,440 and 53.5% respectively.

 

With the profit margin in mind, The Court’s accounts last year NET a profit of £388K. The profit required to pay investors 10% across the home is approximately £280K, leaving a £100K excess after paying investors. The Court has approximately 80% of tenants supplied by the local authorities who pay between £700 - £750 per week. On top of this, the home has a 100% occupancy and a waiting list of tenants to move in!

 

The home has been operating successfully for over 20 years, with a very high rating from the RQIA who monitor and regulate the industry.

 

The developers are retaining 3 rooms within the home to support the rental returns. These 3 rooms generate approximately £112,320 in additional cash flow per annum.

 

To summarise, The Court Care Home provides you with a completed and wellrun asset, with a sustainable long-term return, which is backed by the local government.

 

What is the length of the leasehold?

125 Years

 

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 is 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%.

 

 

Places to Visit :

 

Ballymoney - The Kings Road

Stunning rows of Beech trees some 2- 300 years old, made famous by the TV series Game of Thrones as the Kings Road.

 

Belfast Botanical

Botanic Gardens, an important part of Belfast’s Victorian heritage and a popular meeting place for residents, students and tourists.

 

Belfast City Centre

Belfast and the Causeway Coast were together named the best place to visit in 2018 by Lonely Planet. Tourist numbers have increased, boosted in part by newer attractions such as Titanic Belfast and tours of locations used in the HBO television series Game of Thrones.

 

 

The Giants Causeway

The Giant’s Causeway is an area of about 40,000 interlocking basalt columns, the result of an ancient volcanic fissure eruption. It is located in County Antrim on the north coast of Northern Ireland, about three miles northeast of the town of Bushmills.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The Mill

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The Court Care Home