Overview
Freehold care home investment in Moston, North Manchester (M40 9DH). 24 self-contained apartments operated as a care home under a 10-year full-repairing-and-insuring (FRI) lease, with a social housing service-provision contract underpinning the operator’s income. Asking £6,850,000 (reduced from £7.35M). Guaranteed rent of £650,000 p.a. — 9.49% gross at asking.
The Numbers
Asking Price: £6,850,000 (reduced from £7,350,000) | Guaranteed Rent: £650,000 p.a. | Gross Yield: 9.49% | Configuration: 24 self-contained apartments | Tenure: Freehold | Lease: 10-year FRI · social housing contract | Per-Apartment Average: £285,417
The Deal
Passive freehold investment, no operational exposure. The operator runs the care home under a 10-year full-repairing-and-insuring lease and pays the £650,000 p.a. rent regardless of how the operation performs. As freeholder, the buyer’s obligation under the lease is essentially nil — repairs, insurance, and outgoings sit with the tenant. Income is underpinned by a social housing service-provision contract, which gives the operator’s revenue a structurally robust counterparty. £500,000 price reduction from £7.35M to £6.85M opens a sharper entry point for the same income stream.
Investment Pack
Pack includes the full lease document, social housing service-provision contract overview, operator background, schedule of the 24 apartments, valuation report, title pack, and 10-year cash-flow model. Sent same-day on request.