• RICS
  •      

      • The Anderida Adolescent Care Portfolio, Neville Road, Eastbourne, East Sussex, BN22 8HR | For Sale

        £1,750,000.00 
        Click image to enlarge
        Details

        Overview

        We have been instructed by Anderida Adolescent Care Limited to dispose of seven of their residential homes and one commercial premises situated throughout East Sussex, although one property is in Scotland.
        It is our client’s intention to dispose of these premises as one portfolio and then take a lease back on the premises. Anderida Adolescent Care Limited provides residential children’s homes in East Sussex providing therapeutic care and education which was established in 1991.
        Their website for further information is http://www.anderidacare.co.uk/
        The premises comprise of 7 residential premises based in Pevensey, Hailsham, Eastbourne, Hastings, Burwash and Kindeace in Scotland. There is also a commercial premises in Eastbourne which is used as their offices and education centre.

         

        Lease

        Our client wishes to take a lease of 15 years running coterminous on all of the premises having 5yearly rent reviews.
        The rental to be apportioned between each property but with the annual rental being £125,000 per annum.


        VAT

        VAT is not applicable to the sale of any of the properties.


        Guide Price

        Offers are sought in the region of £1.75 million for the freehold of the portfolio.


        Financial Information

        A full set of accounts are available if required however for the year ending 31st December 2017, Anderida Adolescent Care Limited had a turnover of £2,561,866 with a profit before taxation of £245,585.
        The managing director of Anderida Adolescent Care is willing to meet any prospective purchaser to provide further information as to the company and its set up and future plans.


        Viewing

        Viewing is strictly by appointment via the agents:
        Contact Mike Tingley T: 01323 700100.
        E: mike@huntcommercial.co.uk

        Enquiry

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