Penmeneth House 16 Penpol Avenue Hayle Cornwall TR27 4NQ

 

Property information

Status: For Sale
Price: £564,000
Tenure: Freehold

Location:

This long established care home is situated in the popular Cornish town of Hayle approximately 7 miles from Penzance and 5 miles from St. Ives. The Home is conveniently placed just outside the town centre within a short distance of the railway station, doctor’s surgery and a small park. The town has been a popular family holiday destination for many years – it’s famous 3 miles of sandy beaches proving popular for all types of water sport and relaxation.

The Property: A substantial Grade II Listed property that is maintained and presented to a very high standard. The building was converted by the current owners in 1987 having formerly been used as a guest house. The Home was then opened in February 1988 and run as an 8 bed. care home. The property has subsequently been developed and adapted to accommodate up to 14 residents from 12 single bedrooms and 1 shared bedroom. The accommodation is arranged over 2 floors with chair lift facility

The Business: The home enjoys an excellent reputation and benefits from a qualified and stable staff cohort. The business is managed on a day to day basis by the original owners who live locally. Registration is for a maximum or 14 residents within the categories of old age (14) and dementia (10). The Home enjoys high occupancy levels as a result of its local reputation for good standards of care. At the time of our inspection there were 12 residents in occupation with an additional resident due to be placed shortly. Fees charged range from £375 per week to £507 per week per person. Weekly fees at the time of our inspection totalled £5,052. Turnover for y/ending 8th Aprils as follows:-


The Business

Year 2009 2010 2011
Turnover £256,396 £256,821 £246,154
Adjusted Net Profit £69,304


Tenure

Freehold


Viewing

For an appointment to view please contact:

Dean Warmington
Tel: 01271 378731
Email: dean@underwoodwarmington.com
Mobile: 07971830881


Property reference number

Reference: UW694
 

Important notice

These particulars are for guidance only. They are prepared and issued in good faith and are intended to give a fair description of the property but do not constitute part of an offer or contract.

Any description of information given should not be relied upon as a statement of representation of fact or that the property or its services are in good condition. Neither Underwood Warmington (nor its Joint Agents) not any of their employees has any authority to make or give any representation or warranty whatsoever in relation to the property.

The photographs show only certain parts and aspect of the property at the time they were taken. Any areas, measurements or distances given are approximate only.

Any reference to alterations to, or use of, any part of the property is not a statement that any necessary planning, Building Regulations or other consent has been obtained. These matters must be verified by an intending tenant.

Print Property Information

Contact Information

Underwood Warmington
Suite Four 
Bridge Chambers Business Centre 
Barnstaple 
Devon 
EX31 1HB

t: 01271 378731
e: info@underwoodwarmington.com

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