The unit which is part conversion and part purpose built is registered for 40 beds and is located within the High Peaks area of Derbyshire.

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The home has been purchased by a specialist investment fund off a net initial yield of 7.9% and JTV have agreed to take a new institutional lease on standard terms.

Gary Walton who brokered and advised on the transaction, commented:

"Bank funding is still relatively difficult to obtain for major growth, as such this option allow operators like JTV ltd to release the necessary equity to be in a prime position to snap up the relatively good opportunities that seem to be coming to the market".