FOR SALE Morar Lodge Care Home

Located at 54 Glasgow Street, Helensburgh G84 8NS. For full details, download our sales brochure from Related Downloads.

Property key details:

  • Located in a high quality residential area within the affluent town of Helensburgh with excellent views over the Clyde Estuary
  • Well maintained property both internally and externally
  • Established Nursing Home, which has been trading in the Directors hands since 1986
  • Excellent reputation locally and with Care Inspectorate, achieving grades 5 and 6 historically
  • Registered for 33 residents in the provision of nursing care.
  • 31 bedrooms (currently 27 operational due to Covid restrictions) of which 21 rooms have en-suite facilities
  • Planning Consent in place to demolish the Annex Building and erect 16 bedrooms, which when completed will comprise 42 bedroom facility
  • 17 (65%) self-funding residents in place
  • Average fee of £993 per resident per week
  • Current Occupancy – 26 (96%)
  • Turnover to September 21 -£1.258 M (annualised)
  • EBITDA at September 21 - £198,902 (annualised)