PRESS RELEASE: FOR SALE Morar Lodge Care Home

Established Care Home in Helensburgh for sale with excellent reputation, comprising two properties with planning permission for further development

21 March 2022

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

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)