A Shropshire nursing and residential care home has been put up for sale with a guide price of £1,950,000.
Christie & Co are marketing The Rylands Nursing and Residential Care Home, 74 Forton Road, Newport.
A spokesperson for Christie & Co said: “The property is a converted, detached, three-storey building dating from the 19th century with a two-storey rear extension that was added by a previous owner in the 1990s and a more modern two-storey side extension which was added by our client in 2008. This home presents a good opportunity for an experienced operator or small regional group to add to its portfolio.
Turnover for the current financial year from the management accounts to July 2022 was £1,606,384 with an average occupancy of 83.9 per cent.Resident split was 59 per cent funded and 41 per cent private.And the spokesperson added: “Further details will be made available to seriously interested buyers at a later date.”
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