Hurst Manor care home investment opportunity available in Martock
Based in Martock, a stunning village situated in Somerset, this property investment opportunity boasts a beautiful Grade 2 listed Georgian building. The building itself was built in 1828, erected with fine local ham stone ashlar, and Welsh slate hipped roofs. The property will be subject to developments in order to offer new residents the chance to spend the later years of their life in a traditional, historical and peaceful environment. The developers have taken on the vacant property in order to revamp it and continue the success and reputation that it has built up over the last 20 years.
Hurst Manor, Martock is set to produce more than 30 new luxurious care studios, fitted with an ensuite and quality furnishings, combined with the traditional style that the original building offers. The reception and communal areas are also set to receive a makeover to bring back the grand and impressive feel of the place that you get as soon as you walk into the building. There are many features of the property as a whole, including 24/7 concierge service, room service, laundry and cleaning services, a hair and beauty salon on site, Sky TV in the communal lounges and Freeview TV in the residents personal studios.
Investors can now purchase the leaseholds to the individual studios at a price of £90,965.00. After an investor has made their purchase, the property will be leased back to the developers at a price that is equal to 10% of the purchase price per year. There will be an extensive marketing strategy including both online and offline marketing campaigns to launch the property once the refurbishments have been completed.
When the developers have secured a tenant for your particular studio, they will buy it back from your for your original purchase price, plus a 10% premium on top of that, which proves to be a healthy and fast return on your investment. There will be a 110% buy-back guarantee in Year 5 and a 125% buy-back guarantee in Year 10, if they are unable to find a resident for your care studio beforehand.
Life expectancy in the UK is increasing year on year, with the percentage of people over the age of 65 having increased over the last 30 years, placing an ever growing demand for care homes for the elderly. The residential care home investment sector is worth £15.9 billion, and is set to continue to grow alongside the need for more homes, especially given that the amount of people in the UK over 60 is now greater than the amount of people under the age of 16 for the first time.
Furthermore, it is anticipated that the population of over 85’s is expected to increase by 106% between the years of 2012 and 2032. As this age group is the most prominent of care home users, it is expected that people needing care and a home will increase by more than 60%.
For more information about Hurst Manor in Martock, please contact Hopwood House.