
Caledonian Court
Victoria Road, Larbert, FK5 4NA, UK
$10,184,000
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


