Based in the Central Districts, this well established home has consistently shown above average profits.
Brilliant, high profile location, set amongst manicured peaceful gardens, this old style villa has been modernised and extended, all with single rooms.
On site accommodation for the owner/manager is a real bonus - privately located, at the back of a large section, with decking, garage, and swimming pool.
The vendor has enjoyed over 20 years running the home, and is now retiring. Seldom does one see such profitability/returns - and this is not allowing for the benefits of living on site. Returns would be further enhanced if the purchaser was a suitably qualified medical professional.
The vendor is confident the existing Nurse/Manager could step up further if the purchaser lived remotely. Occupancy is historically high, and the home is currently full.
The opportunity is there to expand the current service, or to look at adding a specialist wing - either hospital or dementia. Current EBIT $320,000 pa - excluding benefits of living on site.
$1,400,000 - which includes land and buildings, business and chattels, and owner's accommodation.
Freehold Land, Buildings $1,165,000
Business $235,000
Total Price $1,400,000
