FHP APPOINTED TO SELL DAY CARE CENTRE

Investment News

FHP have been instructed by Tyrone Courtman and Nicholas Edwards, Joint Fixed Charge Receivers, to sell premises known as Birchwood Grange, Sutton in Ashfield, Nottinghamshire.

The property, a former private dwelling, has been converted to provide day care centre premises for mentally handicapped adults.  The site as a whole extends to approximately 26 acres and along with the day care centre accommodates a stable and menagerie along with approximately 20 acres of grazing land.

The day care centre which is let on a licence to Motivations Every Sensation Limited at an annual rent of £50,000 per annum, has been fitted to an extremely high specification to include swimming pool and sensory room.

The stable is currently let on a licence at £600 per calendar month.  The stable block provides accommodation for approximately 10 stables and benefits from a menagerie along with 20 acres of grazing land.

The buildings on site, in addition to the day care centre and stables, include stores, helicopter hanger as well as tennis court, large pond and heli pad.

Alastair Fearn of FHP who is handling the sale commented:-

“This is an interesting opportunity for investors in the care sector as we are of the opinion that there is scope to build on the existing facility, both metaphorically and physically subject to planning.  Alternatively, consideration will be given to selling the day care centre and stables/land separately.”

For further information please contact Alastair Fearn on 0115 8413913 or alastair@fhp.co.uk