Acting on behalf of DTZ Investors, the Specialist Markets team at CBRE in Manchester has completed the sale of a care home in York, to the UK listed specialist care home investor Target Healthcare REIT Limited and its subsidiaries for an undisclosed sum.
The investment properties comprise two purpose built care homes containing 167 beds – Amelia House in York, which was opened in 2007 and offers 81 bedrooms, and another one in the Wirral.
Both care home properties are let on two separate leases to Four Seasons Health Care, one of the UK’s largest care home operators.
Shaun Skidmore, senior director, CBRE’s Specialist Markets team, said: “We are delighted to announce the sale of both the York and Wirral care homes to Target Healthcare REIT Limited.
“Both properties offer a sound investment opportunity for long-term capital growth as fundamentally they are purpose built physical assets providing good accommodation and facilities, are in high demand locations which achieve strong and consistent occupancy, whilst being let at sustainable rental levels.”