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For Sale 0 Bedroom 0 Bathroom 0 Reception From £58,500

The Avenue, Washington Village, NE38 - From £58,500

  • *Investment Opportunity*
  • Care Home Rooms From £58,500
  • Circa 8% NET Rental Returns For 25 Years
  • Buy Back Option Up To 125%
  • Hands-Off Income Generating Asset
  • Open & Operational Nursing/Care Facility

WAGONS WAY | CARE HOME ROOM

A New Commercial Buy-To-Let Purchase Opportunity within the UK Care Sector. Wagons Way is the latest offering in a series of facilities by care home specialist developers, MBi Consulting UK Ltd. Located in the historic town of Washington, North East England, Wagons Way is an open and operational nursing and care facility. With a total of 58 beds, the facility is due to undergo a rolling refurbishment, which will work considerately alongside the staff and residents to transform this facility into a high quality nursing and dementia- specific care home.

Like the highly regarded Gilwood Lodge Care Centre successfully launched in October 2015, Wagons Way will provide specialist nursing and palliative care. Operated by MBi Social Care, this facility will offer an excellent quality of service in both a sector and location of growing demand, ensuring high occupancy and long-term operational success. Developed by MBi Consulting UK Ltd, an innovative new model has been specifically created to meet the needs of the care industry. With an ethical ROI made possible by a sustainable model that thoughtfully balances the needs of all parties, Wagons Way represents an excellent opportunity to invest in the future of UK care.

This new commercial buy-to-let purchase opportunity offers you circa 8% rental income per annum with a buy back option up to 125% and an ROI up to 225% depending on your exit strategy. A choice of 4 assured exit strategies provides ultimate flexibility whilst rewarding long-term commitment with greater returns, delivering the most efficient and stable operation.

Additionally with 2 purchase options, you may purchase a unit either with the full cash input of £58,500 and receive your first year's rental income within 28 days of exchange, or take advantage of the by deduction model and benefit from a lower cash input of £53,820 by offsetting £4,680 against your 1st years rental income. All returns from year 2 onwards are paid annually in arrears.

o £58,500 Full Cash option

o £53,820 By Deduction purchase option

o Totally hands-off income generating asset

The care facility sits within a residential area in the heart of Washington Village. Washington is a historic town within the North East of England. Not only does the area boast strong working class traditions but to relations of George Washington himself, the 1st president of the United States of America. Washington Old Hall, a 17th Century mansion was the home of the town's namesake's direct ancestors for 5 generations and is now a National Trust site encompassing museums and gardens. The Washington riverside on the southern edge of the new town is an aesthetically appealing spot despite its history as a thriving centre of industrial activity. Fatfield is noted for its riverside pubs and restaurants overlooking the attractive Fatfield Bridge (or Penshaw Bridge), an iron bridge of 1890. And the famous Penshaw monument is just a stone's throw away and offers stunning views from the 70-foot high folly. Washington was designated a new town in 1964 and currently has a population of 67,085 (2011 census). There is a major bus station situated at The Galleries, and another at Concord in the north of Washington, with local services as well as connections to Newcastle Upon Tyne, Sunderland, and many other towns and cities in the region. Major roads run through Washington: the A182, A1231 and A195 all connect to the A1(M), providing transport links northbound to Edinburgh and southbound terminating in London.

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The Stamp Duty for this property would be £0    (Show break down) (Hide break down)

Purchase price bands (£)Percentage rate (%)SDLT due (£)
Up to 125,000 0 £ 0
Above 125,000 and up to 250,000 2 £ 0
Above 250,000 and up to 925,000 5 £0
Above 925,000 and up to 1,500,000 10 £0
Above 1,500,000+ 12> £ 0
*This is for illustrative purposes only

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