SavillS HealtHcare33 Margaret Streetlondon W1G 0JD

+44 (0) 20 7409 5963

savills.co.uk

For Sale FreeHolD

Upon the inStrUction oF the abbeyField SocietyParkdale care Home, 91 tettenhall road, Wolverhampton Wv3 9PG

Key highlights• Detached purpose built 30 bed care home

• all single bedrooms, 12 with en suite Wc

• Providing care for adults over 65 years

• Site area of 0.18 ha/0.44 acres

• average fee £660 per resident per week.

• Freehold

• offers invited

This map was created with Promap

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SavillS HealtHcare33 Margaret Streetlondon W1G 0JD

+44 (0) 20 7409 5963

savills.co.uk

terms and conditionsthe freehold property, business and contents are for sale by private treaty.

in order to avoid disruption to the home, expressions of interest based on this Preliminary Sales information will be required prior to the arrangement of any viewing appointments.

all enquiries, requests for further information and viewing arrangements must be made through the vendor’s sole selling agent, Savills. Under no circumstances should any direct approach be made to the home, the care Quality commission or the local authority.

locationthe Property is located on the south west side of tettenhall road in the Park Dale suburb of

Wolverhampton. the surrounding area comprises a range of buildings built at various times, some

of which have been converted to care homes, flats or commercial premises.

there is a bus stop on tettenhall road immediately to the north east. local amenities, including a Shell petrol station, are available within walking distance and Wolverhampton city centre is approximately 1 mile east. Nearby areas include compton (1 mile west), Merridale (1 mile south) and tettenhall (1 mile north west).

the M54 motorway is approximately 4 miles north, which connects to the M6 further east. Wolverhampton railway station is approximately 1.5 miles east and has direct services to Birmingham New Street, Glasgow

central, liverpool lime Street, london euston and Manchester Piccadilly.

according to caci, the total population within a 10 minute drive time of the property is 128,832, of which 10,953 (8.5%) are over 75 years old. the over 75 population is predicted to increase to 11,921 by 2024 and 14,015 by 2034 (a 28.0% increase).

descriptiona detached, purpose built, one, two and three storey care home constructed in about 1978 and operated by the abbeyfield Housing Society as an elderly care home for up to 30 residents. the single storey lounge and conservatory extensions are understand to have been added at a later date. the external walls are brickwork and main roof is pitched and slate covered. there are smaller sections of flat roof to the projecting bays and the link corridor to the lounge. the windows are mainly painted aluminium framed single glazed, although some are double glazed and there are also some replacement uPvc framed units. there are plastic profiled rainwater gutters and downpipes.

Accommodation Breakdown

the accommodation can be summarised as follows:

Ground Floor – 8 single bedrooms, bathroom, sluice room, managers office, staff room, cleaners store, laundry room, kitchen, reception office, reception lobby, lounge, dining room. 2 Wc with wash hand basin, medical room, linen stores.

SavillS HealtHcare33 Margaret Streetlondon W1G 0JD

+44 (0) 20 7409 5963

savills.co.uk

First Floor – 13 single bedrooms (12 en suite shower/Wc), assisted wet room, linen stores and hairdressing room.

Second Floor – 9 single bedrooms, 2 assisted wet rooms.

the three floors are connected by an 8 person/630 kg passenger lift and staircases.

Vatvat is not applicable

Services plant and equipmentthe building is connected to mains gas, electricity, water and drainage systems and is gas fired boilers. the building is fitted with a call bell system, ceiling smoke/fire detectors and emergency lighting. a 8 person/630 kg passenger lift serves all floors.

business Summary our client had taken the decision to close the home and as a result occupancy has declined. as at 9th December 2019 occupancy was 15 (50%), having averaged 23.8 (79%) for 2019.

We have been provided with annual accounts for the years ending 31 March 2017, 31 March 2018, 31 March 2019 and the 7 month period of 1 april to 31 october 2019. these are summarised below for comparison purposes:

Accounts for the year to 31 March 2017

Accounts for the year to 31 March 2018

Accounts for the year to 31 March 2019

Annualised accounts for the 7 months to 31 October 2019

capacity 30 30 30 30

occupancy Not known Not known

Not known 19.0

turnover £899,710 £929,355 £830,207 £709,650

Staff costs £534,812 £577,427 £609,163 £562,070

Staff costs % 59.4% 62.1% 73.4% 79.2%

Food and Medical

£43,150 £39,414 £38,507 £32,760

other operating costs

£100,038 £106,839 £157,215 £124,450

eBitDa/loss £221,710 £205,675 £25,322 -£9,630

eBitDa % 24.6% 22.1% 3.1% -1.4%

reconstituted eBitDa

£230,000 £217,000 £73,000 -£6,000

reconstituted eBitDa %

25.6% 23.3% 9% -1%

the majority of residents (8 of 15) are privately funded, with the remainder funded by social services or paying a top-up in addition to the social services weekly rate. Fees range from £433.30 to £919.28, with a blended average weekly fee of £660 per person (an average of £806 per person just for private payers).

SavillS HealtHcare33 Margaret Streetlondon W1G 0JD

+44 (0) 20 7409 5963

savills.co.uk

PARKDALE CARE HOME91 TETTENHALL ROADWOLVERHAMPTONWV3 9PG

Plans Drawn: 29.01.2020

SCALE

Property Details:

1:200 @ A4

C

Hideaway Work Space1 Empire MewsLondonSW16 2BF

Tel: 0345 257 2023info@bkrfloorplans.co.ukwww.bkrfloorplans.co.uk

BKR 2020

Surveyed and Drawn By:

B K R

GROUND FLOOR

APPROX. GROSS INTERNAL AREA *10519 Ft ² - 977.22 M ²

Room 113'9" x 9'

4.19 x 2.74m

Room 213'9" x 9'

4.19 x 2.74m

Room 313'9" x 9'

4.19 x 2.74m

Room 413'9" x 9'

4.19 x 2.74m

Room 813'9" x 9'

4.19 x 2.74m

Room 713'9" x 9'

4.19 x 2.74m

Room 613'9" x 9'

4.19 x 2.74m

Room 513'9" x 9'

4.19 x 2.74m

20'3" x 20'3"6.17 x 6.17m

7' x 4'2"2.13 x 1.27m

Office13'3" x 13'

4.04 x 3.96m7'6" x 10'9"

2.29 x 3.28m10'9" x 8'

3.28 x 2.44m

Laundry12'6" x 8'

3.81 x 2.44m

BoilerRoom

12'3" x 7'6"3.73 x 2.29m

Kitchen16' x 14'3"

4.88 x 4.34m

DiningRoom

34'6" x 14'3"10.52 x 4.34m

Conservatory25' x 10'

7.62 x 3.05m

Laundry12'6" x 8'3"

3.81 x 2.51m

SavillS HealtHcare33 Margaret Streetlondon W1G 0JD

+44 (0) 20 7409 5963

savills.co.uk

contactcraig Woollam +44 (0) 20 7 409 9966 cwoollam@savills.com

registration SummaryParkdale is a care home registered for 30, categories:

•Caringforadultsover65years

the latest cQc report published on 26 November 2016 assessed the home as ‘good’.

tenure Freehold

council taxthe care home is assessed for council tax purposes within Band H for the year 2018/2019. a discount will be available due to its use as a care home.

epc Parkdale has an ePc rating of c-66. the full ePc report is available upon request.

Further informationFurther information including management accounts, fee and staffing data are available upon request.

Guide price offers invited for the Freehold going concern.

important notice

Maps are reproduced from the Ordnance Survey Map with the permission of the Controller of H.M. Stationery Office. © Crown copyright licence number 100022432 Savills (UK) Ltd, published for the purposes of identification only and although believed to be correct accuracy is not guaranteed.

Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.

Designed and Produced by Savills Marketing: 020 7499 8644 | January 2020