Property for sale in Bingley - 26643084 - Advertised on propertyO by One Touch Solutions
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England, West Yorkshire, Bingley, United Kingdom Property ID: 26643084

Property description

Gramont House Investment - Care Home Facility in West Yorkshire

* Gramont House is an 85-bedroom care home facility in the affluent town of Bingley, West Yorkshire. The development is already open but will soon undergo a rolling refurbishment and will be operated by Qualia Care, an experienced management company who already run numerous care homes throughout the country. They pride themselves on running care homes in an ethical and sustainable way, with a focus to meet the needs of their patients.

Bingley is well situated within a short distance of many major towns and cities in Yorkshire, including Leeds, Skipton and Harrogate. It lies next to some of England's finest countryside, and enjoys a prestigious horticultural heritage.

By purchasing a unit at Gramont House, you will benefit from an annual income being paid from year 1 onwards. The first year's income is paid upon exchange, and from year 2 - 25 income is paid annually in arrears. An alternative payment plan is in place where you are able to offset your first year's rental income against the price of the unit, so in effect you will pay £;69,000 instead of the full £;75,000.

As Qualia Care will be managing the day to day running of the care home facility, this is a completely hands-off investment.

UK's Growing Requirement For Care Homes

The UK's population is ageing, and it is predicted that by 2050 1 in 4 UK residents will be aged 65 and over - a 56.3% increase from 2012. The susceptibility to diseases such as Alzheimer's increases as the population ages, and will put an enormous amount of stress on the UK's healthcare infrastructure. Due to the government's failure to provide adequate healthcare for population, it is now increasingly reliant on the private sector to prop up the NHS. Government funding cuts mean that the gap between supply and demand will never be plugged by the NHS alone, which is why there has been a rise in the number of independently developed and run care homes.

Yorkshire in particular has been identified as a county in dire need of new care home facilities. Local councils in Yorkshire have recently closed or are planning to close numerous care homes, due to many being 'outdated' and unsuitable for the purpose which they are intended.

Thus, the need for quality purpose built care homes in Yorkshire is more pressing than ever. Through investing in care home units, you are not only able to achieve high yields for yourself, but you are providing the community with something they so desperately need.

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