
Caledonian Court
Victoria Road, Larbert, FK5 4NA, UK
PLN 38,423,000
JLL as selling agents are pleased to present Penwortham Grange and Lodge, located in Preston, United Kingdom
This is an opportunity to invest in a quality healthcare asset, strategically positioned to capitalise on the growing demand for care in the surrounding catchment. Constructed in 2007, Penwortham Grange and Lodge comprises a purpose-built nursing home providing a total of 86 bedrooms arranged over three floors. All rooms offer spacious accommodation and benefit from 100% en-suite wetroom provision.
The ground floor comprises 44 bedrooms, with the remaining 42 bedrooms situated on the first floor. Residents have access to a range of onsite communal areas including several lounges and dining rooms, in addition to a café, salon and activity/cinema room.
The care home has several external areas surrounding the property and a secure internal courtyard area accessible via the communal lounges on the ground floor. To the front of the property, there is parking for 17 vehicles. The property measures a total gross internal area of 3,360 sq m, equating to a generous 39 sq m per bed, and occupies a site extending to approximately 1.0 acre.
• Modern 86 bed care home, benefitting from 100% en-suite wetroom provision
• Generous offering of communal amenities for the residents
• Let to Orchard Care Home.com (6) Limited. Guaranteed by Orchard Residential Care Limited
• 35 year FRI lease with 16.4 years of unexpired rental income
• Passing rent of £429,281 per annum, equating to £4,992 per bed
• Annual upward only RPI linked increases (minimum uplift of 2.50%)
• Significant undersupply of 1,203 wetroom beds in the catchment area
• CQC 'Good' (October 2024)
• EPC rating B32


