Bright Meadow Care Home, Breightmet Fold Lane, Breightmet, Bolton
Description
• Bolton is a major regional centre within Greater Manchester.
• Strong demographics for trading having 1 million people within a 30 minute drive.
• Modern purpose build care home developed in 1996.
• 121 bedrooms, all en-suite.
• Freehold asset benefits from lease with 31 years of the term unexpired.
• Annual rent reviews based upon RPI uplifts ( 2-4%).
• Current rent of £414,000 pa.
• Attractive initial yield of 7% which rises September 2025 and annually through the term.
• Strong trading home run by experienced operator.
• Pricing reflects £45,826 per bed.
• Long term redevelopment potential connecting with adjoining retail park.
• Building offers over 40,000 sq ft.
We are seeking offers in excess of £5,545,000 (Five Million Five Hundred and
Forty Five Thousand Pounds) plus VAT reflecting an attractive net initial yield of
7% rising in September 2025 to 7.25%, (based upon current RPI of approximately
3.5% pa) net of purchasers costs at 6.61%.
• Strong demographics for trading having 1 million people within a 30 minute drive.
• Modern purpose build care home developed in 1996.
• 121 bedrooms, all en-suite.
• Freehold asset benefits from lease with 31 years of the term unexpired.
• Annual rent reviews based upon RPI uplifts ( 2-4%).
• Current rent of £414,000 pa.
• Attractive initial yield of 7% which rises September 2025 and annually through the term.
• Strong trading home run by experienced operator.
• Pricing reflects £45,826 per bed.
• Long term redevelopment potential connecting with adjoining retail park.
• Building offers over 40,000 sq ft.
We are seeking offers in excess of £5,545,000 (Five Million Five Hundred and
Forty Five Thousand Pounds) plus VAT reflecting an attractive net initial yield of
7% rising in September 2025 to 7.25%, (based upon current RPI of approximately
3.5% pa) net of purchasers costs at 6.61%.
BUILDING HIGHLIGHTS
Major regional centre within Greater Manchester.
121 bedrooms, all en-suite.
Current rent of £414,000 per annum.
Pricing reflects £45,826 per bed.
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